|
|
|
|
|
by Igor_Bratnikov
5329 days ago
|
|
As someone that has been on the defending side (legal representative) of a patent troll attack which is essentially the role MS is playing here it saddens you to see how low people can go with using the patent system. One of the case I analyzed was a patent that literally did not cover the technology and only a very loosely interpreting judge could interpret it as so. But the cost (at least 0.5 - 1 million dollars until a judge will even see your argument) are so staggering that we in fact encourage parties to throw around bs patents to racketeer money from parties that actually contribute positively to society by creating innovative products. Of course this also fuels the market for filing and selling/buying up bs patents. The only way I can describe it is that its like a artery of someone that keeps eating bacon long after their doctor advised them to stop. The space keeps getting blocked up more and more. It is inevitable that serious problems are bound to occur and cause ever greater friction to innovation. |
|
On patent trolls & the 500 billion: The Private and Social Costs of Patent Trolls (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1930272) Abstract: In the past, non-practicing entities (NPEs) - firms that license patents without producing goods - have facilitated technology markets and increased rents for small inventors. Is this also true for today’s NPEs? Or are they “patent trolls” who opportunistically litigate over software patents with unpredictable boundaries? Using stock market event studies around patent lawsuit filings, we find that NPE lawsuits are associated with half a trillion dollars of lost wealth to defendants from 1990 through 2010, mostly from technology companies. Moreover, very little of this loss represents a transfer to small inventors. Instead, it implies reduced innovation incentives.