Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhite House Declares War On Patent Trolls
http://www.informationweek.com/government/policy/white-house-declares-war-on-patent-troll/240156078?google_editors_picks=trueIn conjunction with the publication of a report on the effect of patent lawsuits on U.S. innovation, the White House issued five executive actions and seven proposed legislative changes on Tuesday to curb excessive patent claims from patent assertion entities (PAEs), known pejoratively as patent trolls.
President Obama considers PAEs to be a drain on the economy, a view shared by many Silicon Valley companies. In a Feb. 14 speech he characterized them thus: "They're just trying to essentially leverage and hijack somebody else's idea and see if they can extort some money out of them ..."
The report, Patent Assertion and U.S. Innovation, published by the National Economic Council and the Council of Economic Advisers, takes the same position. It states that PAEs have "a negative impact on innovation and economic growth."
In support of that claim, the report cites a 2011 study that found PAEs gained $7.6 billion from 2000 through 2010 as a result of their activities, while defendant companies lost $87.6 billion in share value over the same period. "[T]he 90% of lost defendant share values that simply vanishes suggests considerable lost value to society from forgone technology transfer and commercialization of patented technology," the report says.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 847 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
White House Declares War On Patent Trolls (Original Post)
steve2470
Jun 2013
OP
MotherPetrie
(3,145 posts)1. Is an executive action the same thing as an executive order?
Scootaloo
(25,699 posts)2. Well, that's good
Now how about rescinding and forbidding patents for living organisms?
forestpath
(3,102 posts)3. Shielding the rich - that's what it's all about as usual.
blogslut
(38,022 posts)5. Not sure what you mean
Do you know what a patent troll is? It is usually a company that buys numerous patents and then uses ownership of those patents to extort fees. These trolls create nothing. They invent nothing. The claims they make concerning ownership of technologies rarely hold up under scrutiny or examples of prior use. They usually go after small-time entities first because small-timers don't have the funds to fight them in court.
mick063
(2,424 posts)4. hmmmm
Still under Womtongue's spell.
Does anyone else see the opening for corporate abuse?
It's going to take decades to undo the corporate stranglehold on almost every aspect of Federal Law and public policy.
hunter
(38,349 posts)6. Is he going to order a predator drone strike?
The entire patent system is a mess. It's rarely about the one guy with a big idea any more.
Certain classes of patents ought to be banned altogether.