NYT: Mystery Bidder Obtains Internet Patents
A mystery unfolded this afternoon in Federal Bankruptcy Court when a lawyer for an anonymous bidder acquired a set of patents covering important aspects of commercial Internet transactions for $15.5 million.
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The patents and patent applications cover basic activities like using standardized electronic documents to automate sales over the Internet. Some intellectual property experts said that the patents could be used to challenge Internet services offered by companies like I.B.M., Microsoft and Sun Microsystems.
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Mark X. Mullin, a lawyer for a Dallas law firm representing a company identified as JGR Acquisitions, put forth the winning bid. Mr. Mullin said he would file further details as required by the bankruptcy court. He declined further comment and immediately left the courtroom.
There is something seriously wrong with such use of patents and other intellectual property rights.
Some mysterious company buys some patents that cover things any 5 year old could think of and then challenges some big companies. Make no mistake – in the end you, the consumer of the products of these companies, will have to pay.
Why should copyright protection on cartoon characters extend up to 95 years after the author died? Why are patents allowed on genes of existing plants? Why a patent on a business process that was implemented with the technology of electronic networks, but was certainly used in paper shuffling networks before?
"To promote the progress of science and useful arts" as the US constitution says?
These may help the judicial science and the art of fraud, but certainly neither humanity nor the individuals making the giant-leap progresses in technological development.
(Btw: What are not-useful arts?)