"Although I am nowhere near an expert, it seems to me that, as with all intangibles, one of the fundamental problems you face with IP is finding valuations that make sense to more than a few experts. We have got to where we are today because too few people understood exactly what was going on. That will not be allowed to happen again. Surely, therefore, the whole concept of IP valuation needs to become much more transparent. There will have to be generally accepted means to undertake valuations that can be communicated in a comprehensible manner to a wide constituency composed of board members, analysts, share owners and other kinds of investor. To my knowledge, these means do not currently exist."