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Friday, March 22, 2013

Blog 15: Intellectual Property Ventures

Intellectual Ventures has a diverse portfolio of patents that they license out to companies from several industries. Licensing is their main source of revenue. However, Symantec, the popular computers based security system, does not see the need to respect three patents. So, Intellectual Ventures is suing Symantec for infringement. One interesting thing about this case is where all the patents originated. Intellectual Ventrues has acquired most of their patents from small tech companies that were shutting down, others from transferring company hands, and some from individuals who made the patent in their backyard. Intellectual Venures is very good at scouting for discounted patents.  They gather patents from different industries and companies in order to control many functions of one specific industry. I can imagine a company like this having extremely high profit margins and a lot of power.

http://www.patentlyo.com/patent/2013/03/intellectual-ventures-v-symantec.html 

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