Eolas Investors Yank Money After MS Attorney's Leak

from the well...-so-what? dept

theodp writes “A Microsoft attorney’s e-mail tip to a Bloomberg reporter last week caused investors to yank their money from Eolas Technologies Inc., which is battling the software giant for a $521 million patent infringement award. Eolas founder Michael Doyle called Eolas’ widely reported setback at the USPTO a ‘non-story’ that Microsoft spun to its advantage as Eolas was closing a significant investment which would have covered expenses to defend the patent at the examiner’s office.” Let’s see, the entire basis of Eolas’ business is to get companies to pay up for this patent that had a ton of prior art. I’d think that news about the Patent Office deciding the patent was no longer valid would be material news to any investor looking to back the company.

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