Minyanville: Shiny, Shiny Patents
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Started by: zoobabzoobab
Date: 09 Feb 2009 19:35
Number of posts: 1
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It’s symptomatic of an oversized industry, but also of an inefficient one. “There are some who would stick the moniker ‘troll’ on Acacia. They don’t invent anything. They just buy patents and enforce them,” says Mark Webbink, a visiting professor at New York Law School and Director of the Center for Patent Innovations, an organization partnering with the US Patent and Trademark Office to tighten up the way patents are issued. Webbink adds, “It helps the economy by making the marketplace more efficient. If we have greater confidence in the patents and their validity, the better they can be enforced. Patent litigation is just exploding. Major companies like Microsoft and Cisco (CSCO) are just inundated with these lawsuits. It is semi-inefficient the way it is."
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