by Mike Masnick
Fri, Dec 28th 2007 3:09pm
The Patent Troll Tracker is doing what he does best (well, other than pissing off patent hoarders and their lawyers): tracking patent litigation. As we approach the end of the year, he's got a nice rundown on some numbers concerning patent litigation. For those who think that pointless and wasteful patent litigation is on the decline, think again. Even in just the last three months, the pace has been accelerating -- perhaps as patent hoarders rush to get cases in before any patent reform makes progress in Congress -- or before the Supreme Court (thankfully) quashes another abuse of the patent system. The Troll Tracker looks at the Fortune 100 to see who got sued the most for patent infringement, and found that the top 35 companies were sued a combined 500 times for patent infringement in the last two years alone. That's an awful lot of money wasted on lawyers that could be going towards actual innovation. Of the lawsuits over the past two years, approximately 50% came from companies who didn't actually make any products themselves. However, in the last 3 months, that number shoots up to 70% from companies that don't make products. And if you limit the list to tech companies, 80% of the lawsuits came from companies that don't make products. Shouldn't this be ringing some alarm bells?
If you liked this post, you may also be interested in...
- 532,900,000 Reasons Why We Need Patent Reform Now
- Cerf Warns Of A 'Lost Century' Caused By Bit Rot; Patents And Copyright Largely To Blame
- Elon Musk Clarifies That Tesla's Patents Really Are Free; Investor Absolutely Freaks Out
- Myriad Genetics Finally Gives Up Its Gene Patent Fight... Just As The Patent Office Opens The Doors Up To More Gene Patents
- Study Confirms That Revealing Secrets, Rather Than Hoarding Info, Is Good For Inventors