09.24.11

Gemini version available ♊︎

Bessen Makes CNN

Posted in Patents at 3:56 am by Dr. Roy Schestowitz

Bessen

Summary: The study on the cost of patent trolls is getting a lot of attention in the mainstream

The other day we mentioned the newer Bessen study. Groklaw reposted the full text of his paper, after it had received permission and the subject was brought up in the Against Monopoly Web site.

Later it made it into CNN (not a blog), which can hopefully increase awareness of the problem. To quote:

Patent trolls — companies that license patents but do not actually sell anything — have long been looked on with fiery scorn in Silicon Valley. This week, a Boston University study offered fresh fuel for those flames.

Lawsuits from non-practicing entities, or NPEs — better known as patent trolls — have cost innovators $500 billion in lost wealth from 1990 through 2010, the BU study found. The study arrived at that figure by observing patent defendants’ stock prices following a lawsuit, excluding general market trends and random stock movements.

We all owe a warn thank-you to Bessen and his colleagues, who are providing scholarly ammunition to those who seek to reform the patent system and remove multi-trillion taxes on everything we buy (those taxes go towards the super-rich, not scientists).

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

A Single Comment

  1. Michael said,

    September 24, 2011 at 9:18 am

    Gravatar

    Agreed. I think it is important to have people look at how messed up the patent system is and to be able to quantify the downsides.

    I think it is also important to keep in mind that there should be some way to defend the rights of innovative companies. I do not know the answer… wish I did.

DecorWhat Else is New


  1. Links 28/05/2022: KDE Eco Sprint and GUADEC 2022 Conference Plans

    Links for the day



  2. When 50% of Slashdot's 'Linux' Section is Microsoft Marketing, EEE, and FUD

    As this minutes-old screenshot shows, Slashdot is not what many of us “geeks” remember it for



  3. Do Not Become (or Remain) Enslaved and Exploited by Microsoft GitHub

    Slavery isn’t a dirty word but a strong word — or a disturbing concept — used to convey or describe an abusive relationship between organisms — typically human beings — or between corporations and humans, e.g. the way Microsoft treats GitHub projects/users



  4. Microsoft GitHub Exposé — Part XXI — Rumours About How Microsoft Plans to Actually Make Money (Not Losses) From GitHub

    GitHub is not 'free hosting' but a ticking time bomb, a proprietary platform looking to entrap its users (serfs) inside yet more proprietary platforms (for Microsoft to become their oppressive master)



  5. Links 28/05/2022: KDE Weekly Summary, RZBoard V2L

    Links for the day



  6. [Meme] Fluffy Staff

    EPO President António Campinos is failing to ‘contain’ the media after less than 4 years at the Office, just like Benoît Battistelli around 2014



  7. Kluwer Patent Blog Belatedly Gives EPO Staff a Voice

    There are at least 2 bloggers — if not 3 people — at Kluwer Patent Blog who air grievances of EPO staff; in addition, many of the comments there blast EPO management and Team UPC and it helps change the perceptions long shaped by bribes and blackmail from EPO management



  8. [Meme] Fluffy President

    Prepare for more puff pieces and fluff from President Fluffinos, who has commandeered the EPO‘s official Web site for self-serving whitewash and promotion of illegal agenda like European software patents and a kangaroo court to approve those (UPC)



  9. Blaming Patent Examiners Who Respect the Law

    The latest comments here are quite revealing; the EPO not only breaks the law with impunity but it also challenges the very legal system (like courts) with total impunity; Benoît Battistelli and António Campinos are, in that regard, no better than Putin, just more temperamental



  10. Our Priorities and Our Future: More Gemini and More Daily Links (a Lot More Frequently)

    An informal and unscripted video that explains where we are and where we’re going



  11. IRC Proceedings: Friday, May 27, 2022

    IRC logs for Friday, May 27, 2022



  12. Links 28/05/2022: Twitter Fined for Spying in '2FA' Clothing

    Links for the day



  13. Links 27/05/2022: Trisquel 10.0.1 LTS and Perl Appreciation

    Links for the day



  14. Links 27/05/2022: Fwupd 1.8.1 and GCC 9.5

    Links for the day



  15. Visual Proof That Twitter Very Likely Faked Its Magnitude the Moment Musk et al (KSA, Ellison and so on) Wanted to Buy

    There's a very compelling case for the allegation that Twitter is defrauding shareholders and participants in the platform; Twitter is a lot smaller than it used to be (fewer people are actively involved), it is losing money, and it is so desperate to be acquired that it's shamelessly faking traffic



  16. Links 27/05/2022: Wayland 1.21 Alpha, KDE Adds Flatpak and Snap Permissions to Discover

    Links for the day



  17. IRC Proceedings: Thursday, May 26, 2022

    IRC logs for Thursday, May 26, 2022



  18. Links 27/05/2022: Many More Microsoft Security Failures (and Spin/Lies)

    Links for the day



  19. Links 26/05/2022: KStars 3.5.9 and Chrome 103 Beta

    Links for the day



  20. Links 26/05/2022: AlmaLinux OS 9.0, MooseX::Extended for Perl Introduced

    Links for the day



  21. Links 26/05/2022: Kernel Events and Systemd-Free GNU/Linux Distributions

    Links for the day



  22. Links 26/05/2022: DuckDuckGo Increasingly Exposed as Microsoft Proxy

    Links for the day



  23. EPO Celebrates Software Patents Again, Dubbing Them 'Hey Hi' (AI) and '4IR'

    The ludicrous state of the EPO is demonstrated by yesterday’s puff piece about “four million” (merely requests for monopoly in Europe; most come from outside Europe) and L’Oréal, which claims to have “invented” something that was already done in the 1990s if not the 1980s



  24. [Meme] EPO's Monkey Business: Lowering the Patent Examination Bar

    As we shall show in a moment, EPO President António Campinos has lowered the quality of patents and applications; sooner or later he might outsource the job to ‘livestock’



  25. IRC Proceedings: Wednesday, May 25, 2022

    IRC logs for Wednesday, May 25, 2022



  26. Heads of Patent Offices Are Immune to Coronavirus

    The overconfident chiefs of the U.S. Patent and Trademark Office (USPTO) and EPO might love speaking about COVID-19 (in relation to patents), but they do not take it seriously themselves



  27. Links 26/05/2022: Plex Finally on GNU/Linux

    Links for the day



  28. The General Consultative Committee of the EPO Exposes a Disaster and a Lack of Genuine Dialogue

    The General Consultative Committee (GCC) at the EPO deals with unlawful proposals from António Campinos (he’s happy to violate laws, constitutions, protocols, conventions, just like Benoît Battistelli did) and once again the abuses by managers is covered up; it’s as if the Office is run by unaccountable gangsters who arrogantly curse at everyone whilst insisting they’re the nicest people ever



  29. The Latest Letter to Josef Kratochvìl and the Heads of Delegation of the Administrative Council of the European Patent Organisation

    A week-old letter from the Central Staff Committee (CSC) to the Administrative Council of the European Patent Organisation highlights the nature of a crisis; there's no genuine dialogue and staff of the EPO (i.e. the scientists who do all the actual work) is constantly under attack



  30. [Meme] The Recordings Must Have Accidentally Been Lost While Breaking the Rules

    The EPO‘s “nicest” chief, Monopoly Tony, won’t even mention the recordings…


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts