Overhype

by Mike Masnick


Filed Under:
auctions, intellectual property, recession

Companies:
ocean tomo



Are Intellectual Property Sales Growing In The Recession?

from the evidence-please dept

The Chicago Tribune has an article claiming that intellectual property sales are "growing" despite the recession, as companies look to sell off what they're not using. Except... the article doesn't present any evidence whatsoever. It simply quotes some execs at Ocean Tomo, the IP auction house who has a vested interest in getting more companies to "sell" their patents. It's pretty weak that the Chicago Tribune is effectively publishing a press release for Ocean Tomo, never once substantiating the headline or the claims from Ocean Tomo execs. I don't doubt that some companies will grow more desperate and may resort to trying to "sell" useless patents, but if the article (and Ocean Tomo execs) are going to claim it as fact, you'd think they'd present some evidence to back it up.

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