Intellectual Ventures Keeps On Suing
from the trolly-trolly-trolly-troll dept
For years, Nathan Mhyrvold's Intellectual Ventures tried to avoid the "patent troll" label, in part by not filing any lawsuits. Boy, has that changed. A few months ago it filed its first three lawsuits, against a bunch of tech companies, and now it's gone right back to court to sue a bunch more, including Dell, HP, Asus, Acer, Best Buy and Wal-Mart. Of course, it's all a big shakedown scheme. To IV, you're either "with them" (which means holding your nose and paying upwards of $100 million for a blanket license) or "against them" (which means they'll sue you). It's not hard to see why many people seem to feel that this is all just a giant shakedown racket.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: patents
Companies: best buy, dell, hp, intellectual ventures, walmart
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Really sad
You're right, it's totally a shakedown racket. It's a classic case of what happens when you have way too much money. Accountability shrinks down to zero, and you do what you want. That's got to be fun.
Myrhvold even snowed Malcolm Gladwell, a guy I usually enjoy reading. All that money and cool science stuff must have gotten to him, as he mention the patent troll thing in passing, but very dismissively.
Myrhvold finished his vanity $400 cookbook project, and now I guess he's bored, so he's going to make good on suing everyone he can. Beats innovating and working, I guess. Grim stuff, indeed.
I'm not nuts about Bill Gates, but at least in his dotage he's doing some really good stuff with his foundation. Nate has other plans. Sigh.
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Re: Really sad
It's a pretty foundation with dirty hands. Philanthrocapitalism is very profitable and tax free.
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Re: Really sad
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Use it or lose it rule for patents and copyprivelage.
Another option is that all patent applications must include a business plan and proof of capitol to show the patent can be implemented. Patent holders should also be subject to lawsuits by other interested parties if the patent holder shows no sign of developing the patent.
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Protection racket by definition
It won't get better. Patent cannot be reformed to work less like patent. You need to think in terms of repeal, not reform.
If you want to offer someone a reward for curing cancer then offer them a reward for doing so. Don't get confused by the idea that suspending mankind's liberty to utilise discoveries or inventions is somehow going to advance progress.
The monopolist can get wealthy by producing a palliative that they can keep on selling at monopoly protected prices to people who never get cured, so it's not surprising monopolies are attractive, but if it's progress you want, they're completely counter-productive.
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