Tech Companies Team Up To Buy Up Patents To Keep Them Away From Others
from the this-won't-help dept
Google, Verizon, HP, Cisco and some others are apparently teaming up to put money towards buying patents to keep them out of the hands of patent hoarders who would turn around and sue them. This isn’t a new concept, and has been tried before — and it didn’t help much. The problem is that many of the worst patent suits aren’t from “known” patents, but someone claiming a patent on some minor feature that everyone thought was obvious. Also, this type of action only encourages more bad patent activities by adding another buyer to the market. Now, questionable patent holders will recognize that they can also just sell to this patent pool, rather than selling to some patent hoarding firm. This is one of those ideas that sounds good on paper, but will have little to no effect on slowing down or stopping bad patent lawsuits, and may actually encourage more of that activity.