Bloomberg: Grove Says Patent System May Have Same Flaws as Derivatives
Forum » Resources / News picks » Bloomberg: Grove Says Patent System May Have Same Flaws as Derivatives
Started by: zoobabzoobab
Date: 04 May 2009 09:49
Number of posts: 1
rss icon RSS: New posts
Summary:
Andy Grove, who oversaw Intel Corp.’s emergence as the world’s largest chip company, says the U.S. patent system suffers from the same kind of flaws that brought about the global financial crisis. Patents have evolved to a point where they often aren’t developed into products, and instead are instruments traded by speculators looking for the highest possible profit, Grove said May 2 at an event in Mountain View, California. Similar to financial derivatives, the link between patents and the products they protect is getting more tenuous, he said.
New Post