Unintended Consequences Of Google's $900 Million Nortel Patent Bid: Creating New Patent Trolls
from the this-dept-is-patented dept
But what struck me is how the company's CEO explained to Sandoval why he was suddenly resorting to patent shakedowns:
"We just wanted to open up the patents to the market, especially as the patent market has heated up," Cholnoky said in the phone interview. "Google just offered to pay $900 million for (6,000 patents belonging to Nortel, the bankrupt Canadian telecom-equipment company). Nortel is auctioning them off. So, companies like Google are interested in acquiring patents and I sent the letters to people who might have some interest...we've received lots of calls."In other words, if Google thinks a bunch of patents are worth $900 million, it's signalling to the world that patents-as-weapons (rather than patents as innovation drivers) are something it will pay for, and that's making more people interested in exploiting (i.e., shaking down) others over a bunch of wasteful patents.