A Great Idea For the Patent Industry And Corporate America

Finally.

While I believe patents are the "new asset" and visionary thinking should be protected, I also think some of these patent trolls should be deterred from others that are actually implementing a good idea.

Here's a perfect example of how a patent owner could have been devastating to the American economy

From Arstechnica Bill could disrupt the patent industry.

A new bill introduced in the House of Representatives attempts to deter frivolous patent litigation by forcing unsuccessful patent plaintiffs to cover defendants' legal costs.

"Patent trolls don't create new technology and they don't create American jobs," DeFazio said in a news release. "They pad their pockets by buying patents on products they didn't create and then suing the innovators who did the hard work and created the product."

In the mean time, please find a list of Patent Play Stocks.


The tool that turned $10,000 into $2,800,000 in 2 years. HowToFindBigStocks.com

WiFi Patent Troll Threatens To Sue Anyone Using WiFi

I'm going on record and saying this patent and lawsuit will pave the way for future intellectual property suits.

Ok I'm all for capitalizing on upcoming trends but this is ridiculous. I also believe less government intervention is a good thing too, but in this case I think it is warranted.

Do you realize the economic impact this suit could have on our economy?

Who is infringing, the equipment manufacturers, the service providers, the hotspot owners, the end users?

I am waiting for the owner of the patent for TV viewing for more than the owner of the TV to show up next.

 Have the government step in and resolve this before it gets out of hand.

Any patent that threatens the US economy and could stifle innovation, I think needs to be reviewed and modified by US Patent Office.

From TechDirt WiFi patent troll says wont sue individuals "at this stage"

a patent troll that recently acquired a portfolio of patents that its lawyers (what, you think there are any employees?) appear to believe cover pretty much any WiFi implementation. They've been suing coffee shops, grocery stores, restaurants and hotels first -- including Caribou Coffee, Cosi, Panera Bread Co, certain Marriotts, Best Westerns, Comfort Inns and more

the small businesses who own individual hotels and probably have no idea how to deal with a patent infringement lawsuit -- all because they dared to offer WiFi somewhere in their hotels. To make it "easy" of course, Innovatio's lawyers will let them settle for between $2,300 and $5,000. In almost every case, that's going to be cheaper than hiring a lawyer to just get started dealing with this -- which I'm sure is exactly what Innovatio intends. 


How would you handle this?





The tool that turned $10,000 into $2,800,000 in 2 years. HowToFindBigStocks.com

Mobile Barcodes And Patent Trolls

Phone Scoop has an interesting post about patent trolls, mobile barcodes and Physical World Connection.

"a company called neomedia would constantly give me a hard time whenever i wrote about mobile barcodes (especially in Asia) because they claimed to own all the patents on this idea and swore that they did it first.


Neomedia is still around, and still making these same claims. But neomedia never made anything, they bought the intellectual property from cuecat (remember them?) and then put up a web page with examples of how their technology would work. Supposedly Neomedia finally has a working barcode reader now, but of course so does every phone manufacturer outside the US."

It's interesting to hear views and opinions on companies associated with the Physical World Connection.
This view seems to be more the standard than the exception.