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Google opens experimental patent marketplace

2015-04-28 09:53:00| Telecompaper Headlines

(Telecompaper) Google has started an experimental marketplace for patents and is inviting interested parties to come and sell their patents. The company said the new Patent Purchase Promotion was developed to be simple, easy to use, and fast. Allen Lo, the deputy general counsel for patents, said the experiment is aimed at removing friction from the patent market. As widely reported, the patent market has been negatively affected by so-called 'patent trolls' that buy patents with the sole aim of suing third parties for damages and driving them to settle spurious claims to avoid exorbitant legal costs. Google's new portal will be open from 8 May to 22 May, with patent holders invited to tell Google about their patents and how much they're willing to sell them for. As soon as the portal closes, Google will review all the submissions, and let the submitters know whether it is interested in buying their patents by 26 June. If the answer is yes, additional diligence will take place and Google will look to close a transaction in short order, payment made by late August.

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AstraZeneca profit falls as patent expires on heartburn drug

2015-04-24 11:25:39| Biotech - Topix.net

Anglo-Swedish drug-maker AstraZeneca PLC reported a 7 percent fall in net profit for the first quarter of 2015, as cheaper copies of one of its best-sellers ate into sales. Net profit for the three months to March 31 was $1.37 billion, down from $1.47 billion a year earlier.

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ZTE cleared of infringing InterDigital mobile phone patent

2015-04-22 23:25:14| Electronics - Topix.net

A U.S. jury on Wednesday cleared Chinese telecom equipment maker ZTE Corp of infringing a patent on transmitting data in wireless networks owned by patent licensor InterDigital Inc. The verdict, coming after a two-day trial, followed a first trial between the two companies last October in which ZTE was found by a different jury to have infringed three of InterDigital's mobile phone patents.

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ZTE cleared of infringing InterDigital mobile phone patent

2015-04-22 22:29:59| Semiconductors - Topix.net

A U.S. jury on Wednesday cleared Chinese telecom equipment maker ZTE Corp of infringing a patent on transmitting data in wireless networks owned by patent licensor InterDigital Inc. The verdict, coming after a two-day trial, followed a first trial between the two companies last October in which ZTE was found by a different jury to have infringed three of InterDigital's mobile phone patents.

Tags: phone mobile patent mobile phone

 

Patent No. 5203181A: Container-Cooler

2015-04-21 06:48:42| Beverages - Topix.net

Today in 1993, US Patent 5203181 A was issued, an invention of Charles E. Brossia, Philip S. Desmond, and Eckhard F. Rahn, assigned to Miller Brewing Company, for their "Container-Cooler."

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