| By Maureen O'Gara | Article Rating: |
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| July 9, 2008 02:45 AM EDT | Reads: |
2,076 |
Verizon, Google, Cisco, HP, Motorola, Sun,
They’ve paid $250k to join and are each kicking it about $5 million in funding.
They will then get non-exclusive licenses to the acquired technology and
afterwards sell it on. The non-profit calls the concept “catch and release.” It
currently has 11 members and is expecting 30-40.
It swears it won’t assert any of the acquired patents.
According to the new non-profit, It costs operating companies an average of
$3.2 million through the end of discovery and $5.2 million through trial to
defend infringement cases when there is more than $25 million at stake. It says
“even a small claim is highly disruptive and requires significant time and
legal costs to defend.”
It says companies often settle for a smaller amount than whatever is sought,
even when the company knows that it would eventually win. “These lawsuits are
not only a huge distraction for management, but they also draw R&D and
other resources away from other projects.”
The place is being run by former IBM VP of IP and licensing Brian Hinman.
Published July 9, 2008 Reads 2,076
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.
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