Market Currents
Congress is exploring whether companies holding standards-essential patents should be prohibited...
-
Tuesday, July 10, 2012, 6:36 PM ETCongress is exploring whether companies holding standards-essential patents should be prohibited from trying to use them to obtain bans on infringing products. Microsoft (MSFT), Apple (AAPL), and Qualcomm (QCOM) have reportedly lobbied lawmakers on the issue. The FTC, ITC, and EU are already exploring the matter, as Google (GOOG) and various Android partners try to use standards-essential IP to counter Microsoft and Apple's infringement suits.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 6 comments:
And people wonder how politicians come to increase their power over time.
I recall MS suing on a patent covering saving "long filenames" to any mass storage device. Likewise for Apple suing for owning "displaying a loading element in a browser". I suspect they are lobbying for some kind of super specific definition of "standards-essential patents" that passes over their own IP.
Still it would be a great opportunity for Congress to sweep a bunch of nonsense patents away. I suspect Congress is only "considering" who can pony up the most campaign contributions though.