Patent Disaster Grows as Google Spends $400,000 per Patent
Jobs aren’t quite what they were – even in the tech industry where the unemployment rate for technology jobs was 3.3% in June, compared with a 9.2% unemployment rate overall that month, according to the Bureau of Labor Statistics. In the most recent edition of its Occupational Outlook Handbook, the BLS said it expects IT employment to grow “much faster than the average” of all occupations through 2018.
So, along comes Google who’s trying to buy Motorola‘s Mobility division for $6 billion (actually paying some $12.5 billion). The big reason? To purchase their portfolio of communications-related patents to protect itself from the onslaught of inevitable patent battles which are likely to come from Apple and others.
(I wrote a detailed article about the Patent Wars last week.)
$6 billion isn’t a reasonable representation as to what it’s going to cost the economy. These patent portfolios are busy stiffling innovation throughout the country and around the world. It’s just too easy for big companies to establish patents that step all over small businesses attempting to make their mark through innovation.
We’ve got to change the US Patent system to eliminate software patents. They aren’t helping spur innovation, they are truly destroying it.
- Why America’s patent system needs to be reformed, and how to do it (customerthink.com)
- Welcome to the patent valuation bubble (zdnet.com)
- Lawyers Laughing All the Way to the Patent Bank (markevanstech.com)
- The Terrible Cost Of Patents (techcrunch.com)