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IBM

Submission + - IBM Seeking 'Patent-Protection-Racket' Patent 2

theodp writes: "Wikipedia defines a protection racket as an extortion scheme whereby a powerful non-governmental organization coerces businesses to pay protection money which allegedly serves to purchase the organization's 'protection' services against various external threats. Compare this to IBM's just-published patent application for 'Extracting Value from a Portfolio of Assets', which describes a process by which 'very large corporations' impress upon smaller businesses that paying for 'the protection of a large defensive patent portfolio' would be 'a prudent business decision' for them to make, 'just like purchasing a fire insurance policy.' Sounds like Fat Tony's been to Law School, eh? Time for IBM to put-their-money-where-their-patent-reform-mouth-is and deep-six this business method patent claim!"
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IBM Seeking 'Patent-Protection-Racket' Patent

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  • I guess we have to mod all those funny posts [slashdot.org] insightful now! :-o
  • I think IBM may actualy have a VERY good reason for this. Can you think of any "large corporations" in competition with IBM, who have been bad-mouthing a product IBM is involved with, and encouraging smaller distributers of said product to pay for "the protection of a large defensive patent portfolio"?

    From the post:

    a process by which 'very large corporations' impress upon smaller businesses that paying for 'the protection of a large defensive patent portfolio' would be 'a prudent business decision' for t

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