Fed up with patent holding companies suing them, a consortium of high-tech companies is taking a different approach: beat them to the punch. According to The Wall Street Journal (subscription), the business heavyweights behind the move include Google, Verizon, Cisco, and Hewlett-Packard. The premise is that the companies will put money into a holding company, to be called Allied Security Trust, that will buy up patents and then license them to consortium members for free.
It sounds like its a long overdue cheap insurance for the big-tech companies. Now we need a way to protect the small innovators.
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They say technology slows down for no one. I know it outruns my wallet. I figure its because my wallet isn't light enough yet.
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