Blackberry, Google and Red Hat: Down with Patent Trolls!
Often it seems like the patent stories never end, and the companies that are continually involved in these debates have gotten tired of it as well. A number of these companies including Google (NASDAQ:GOOG), Red Hat (NYSE:RHT), Blackberry (NASDAQ:BBRY), and Earthlink (NASDAQ:ELNK) have taken their fight to the Federal Trade Commission and the Department of Justice (DoJ).
Google explained in a blog post that it, along with its collaborators, submitted comments to the FTC and the DoJ. Their comments addressed the effects what they call “patent trolls” on society.
The financial cost for taxpayers as a result of these “patent trolls” is enormous at about $30 billion, according to Engadget. These companies also pointed out the other costs to consumers and that innovation suffers when start-ups and other small companies use strong-arm methods.
The companies criticized a number of tactics, including “patent privateering,” which is where companies sell patents to other companies that do not actually produce items and therefore cannot be countersued. This collaborative is also extending an invitation to other companies to help develop new guidelines. It is also important to see what the response from the DoJ and FTC is.