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Study: Patent trolls have cost innovators $500 billion since 1990

By Matthew
Sep 21, 2011
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  1. Non-practicing entities (better known as patent trolls) have cost companies approximately half a trillion dollars in recent decades, according to Boston University researchers. After gauging tangible costs such as legal…

    Read the whole story
     
  2. 1977TA

    1977TA TS Rookie Posts: 89

    That's just sad. No wonder everything is so expensive. Can't really blame theft any more.
     
  3. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,752   +1,107

    This is one of the many problems with the US patent system. Currently all you need to file a patent is an idea, and it takes years to get a patent because of all the back log. Here's a good story from Wired explaining it http://www.wired.com/magazine/2011/08/st_essay_patent/

    They recommend bringing back the 19th century requriement to submit a working model with your patent. I wouldn't be surprised if this helped the trolling problem as well. It'd be far easier to defend and protect your ideas if they were accompanied by some working code.

    Why do they say it cost companies $500 bln? If they're using stock price as a measure, then doesn't it affect all shareholders?
     
  4. SammyJames

    SammyJames TS Enthusiast Posts: 167

    What -- do you mean ACTUALLY HAVING REAL THINGS?! But I thought that the Internet was supposed to be 100% VIRTUAL! Are you KIDDING?! *GASP* Are you REALLY suggesting that people actually do -- well, you know --

    THINGS?!

    What IS THIS WORLD COMING TO?! MY GOD -- it's full of CRAP!!!

    :D

    (Sorry for all of the sarcasm. I totally agree with you. I'm just reacting to what I envision as horrified looks on the twelve-year olds who perpetuate the nonsense that somehow, everything should be free...)

    - S
     
  5. Cota

    Cota TS Enthusiast Posts: 513   +8

    Not really, there's a lot of legal ways to overprice your products ;)

    For one example lets take Intel and their trillion versions of CPU's, we dont really need all those versions of CPU's, so if they focused in 3 or 4 versions of CPU's so they give low users, med users, advanced users and power users an indicated CPU power (just my idea), they would... could lower their prices due to not needing to keep tons of projects.
     
  6. Patents should only be able to be enforced if the company is trying to produce and sell said product, as soon as they stop trying it is not fair for them to expect any money for someone else using this idea. That only stifles all our progression.

    I think individuals should be protected up to £1million regardless though, its nice to reward the creator. But talking big business just in it to screw people, fook em, its a big bad world and its about time big business felt some serious competition and pressure.
     
  7. Fook em?

    Just who do you think will ultimately be fooked? The cost of this litigation is passed onto their consumers.
     
  8. Muggs

    Muggs TS Rookie Posts: 56

    Sad state this country is in. Freakin attorneys need to be banned.
     
  9. SammyJames

    SammyJames TS Enthusiast Posts: 167

    Old joke:

    Q: What is the difference between a dead skunk in the road and a dead lawyer in the road?

    A: There are skid (tire) marks in front of the skunk...
     
  10. Zecias

    Zecias TS Booster Posts: 202

    do a little research and you will understand how that won't really make things cheaper.
    P.S. even if it did make the production costs cheaper, they would still sell for the same price, because clearly they can get away with it.
     
  11. "Software patents represented 62% of the lawsuits"

    As ever...
     

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