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philtheinvestor
User Rank
Iron
Re: Why it matters
philtheinvestor   11/26/2011 9:41:50 AM
NO RATINGS
Your article is excellent, as I learned the very ironic notion that all companies have stolen the patent of some other company, so that the companies are filing suit against each other. Big companies are also involved in patent violations which are filing patent suits over its rivals.

Joao-Pierre Ruth
User Rank
Iron
Why it matters
Joao-Pierre Ruth   11/5/2011 7:57:34 AM
NO RATINGS
A rather low tech case speaks to what patent protection, in my opinion, should be about resolving. Peter Roberts came up with the quick-release version of the socket wrench and sold the patent to Sears for a miniscule fraction ($10,000) of what the company would later generate in sales from the tool. Roberts, who was 18 when he sold the patent, sued on claims of being defrauded by the company. Apparently Sears had conducted research on the market value of Roberts's tool that it did not disclose to him and Roberts won damages in court. Sears appealed but eventually lost in U.S. Supreme Court. I don't even want to speculate how much was spent by the company in legal costs in comparison to the damages it was finally ordered to pay.

Parties need to be held accountable if they knowingly exploit another person's idea, however the system should not be turned into a cottage industry for racking up attorneys' fees.

AskAsa
User Rank
Platinum
Re: Patent troll vs. Manufacturer
AskAsa   11/3/2011 9:12:26 PM
NO RATINGS
Thanks to the movie Flash of Genius many of us are familiar with inventor Robert Kearns who battled and finally won against  Detroit automakers he believed stole his idea for the intermittent windshield wiper. It took many years and the loss of his family and assets before justice was served. Watching the film I found myself wondering how many more Robert Kearns are out there robbed of the rightful credit for their ideas.

AskAsa
User Rank
Platinum
Re: Big Time
AskAsa   11/2/2011 11:39:49 AM
NO RATINGS
Agreed. The process is very complex and  financially demanding.
It's compounded by scam companies waiting to take novice inventors to the cleaners.

PredictableChaos
User Rank
Platinum
Patent troll vs. Manufacturer
PredictableChaos   11/1/2011 11:31:48 PM
NO RATINGS
Patent innovation is only one small part of making the ideas into a real, saleable product.

IMHO, courts and juries need to give more credit to the litigant that takes the risk and makes something; and less credit to the lawyer who sits on a bunch of patents waiting to take a bite out of somebody else's revenue.

Value Hiker
User Rank
Platinum
patent troll & patent lawyer
Value Hiker   11/1/2011 10:08:44 PM
NO RATINGS
For patent troll like  Judah Klausner, even he was the first guy to file a patent for devices like PDA (not even the first guy who has the idea). he has a slimmest idea about how to make one. Given this guy another 100 years, I bet the best he can do is to draw some pictures on a piece of paper.  Will it do the consumer or society any good? 

As far as Apple vs. Samsung, it is kind of complicated. As the HTC CEO said: Before iPhone, Apple wanted money for its patents, after iPhone, Apple only want the lives (of other smart phone makers).

Tenacious
User Rank
Platinum
Re: Big Time
Tenacious   11/1/2011 12:22:38 PM
NO RATINGS
Maybe part of the problem is the complexity of the patent process for the novice inventor. Perhaps the patent is not nailed down as well as it should be because it is hard for many inventors to know where to start. Then a similar product hits the market -- that leads to outrage over theft of the idea. Of course, the issue is multiplied at the corporate level.

TelecomFreq
User Rank
Platinum
Re: Big Time
TelecomFreq   11/1/2011 10:04:25 AM
NO RATINGS
I think cutting back on R&D is hitting the nail on the head with this one, though not all companies are cutting back, many are. If you are not putting the money into the development side of things then you will not be able to defend your product when someone files against you.

At the same time tight reform is needed for patent law. As a country we need to foster innovation not stomp it out.

ProfR
User Rank
Platinum
Re: Big Time
ProfR   11/1/2011 9:34:07 AM
NO RATINGS
Patents battles have been around for a long time. In the past, most were settled by companies talking to each other - often exchanging one patent for another rather than paying for them.

I think a lot of the recent activity has been because the world is moving quickly and companies are trying to get products out fast to compete with others. When you do that you are more likely to have products based on others rather than new research. Also, many companies have cut back on R&D. So this may just get worse.

tokyogai
User Rank
Platinum
Re: Big Time
tokyogai   11/1/2011 9:30:30 AM
NO RATINGS
I agree. The trick is to protect inventors and foster innovation rather than deter it. I think many of the patents that have been granted are not really "novel" or " not apparent". Many are just extensions of things we know to a slightly different use. I think reform has to start at the patent office.

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