Wednesday, August 17, 2011

A Bull Market in Tech Patents - NYTimes.com

Excerpt from another discouraging patent reality check

So the very innovation patents were intended to encourage, they say, suffers in the patent wars. “You’d much rather see Apple spend some of that $4 billion on new inventions, and Google invest that $12 billion to generate new knowledge,” said Josh Lerner, an economist at the Harvard Business School. “It’s a transfer of wealth from innovators to bondholders and stockholders who have no motivation to innovate. It’s disturbing.”

A Bull Market in Tech Patents - NYTimes.com

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