Amazon The Latest Tech Company To Realize It Needs To Waste A Ton Of Money Buying Patents
from the this-is-not-healthy dept
In the last few years, the "nuclear war" of patent fights -- especially in the mobile phone space -- has woken up a bunch of big companies to the need to amass giant patent portfolios which they know they won't use for innovation purposes, but solely as weapons to fight back when other patent holders attack them. This is why we've been seeing so many high profile patent auctions lately at insane prices (Nortel, Novell, Kodak, etc.). Amazon is now joining the fray as well, as it's trying to hire a bunch of folks to buy up patents to boost its portfolio.
Amazon has hired executive recruiting firm Argos Search to help the company hire an intellectual property "Acquisition and Investment Leader" to "identify and evaluate strategic IP acquisition and licensing opportunities," according to a job description obtained this week by Reuters.What an incredibly sad job. It's a role designed to waste a company's money on pieces of paper that will never be used for actual innovation, but merely as tools for the possibility of a patent battle with others. What a broken system.