Earlier quoted context omitted.
And how much of the expenditure goes anywhere useful? And remember that they're incentivized to report 15% of their revenue being spent on R&D for tax reasons. That $100B is just for drugs that later got FDA approval, not the NIH grant budget.
If you’re going to make that argument, you also have to consider the opposite possibility: I’ve worked on (non-medical) projects with public funding in the past. One can only hope that my experience wasn’t representative for the amount waste of public money in the medical world.
The patent troll that won a $308M jury trial against Apple
151–160 of 281 posts
Re: The patent troll that won a $308M jury trial against Apple
#152Earlier quoted context omitted.
I finally heard a good argument in support of "patent trolls" from a friend who has a few patents. It was something like this: "The little guys can't fight legal battles with large corporations. So either you work with lawyers that are labeled patent trolls or you lose your patent by default by lack of defending it. Or you can go broke fighting in court." It was the first time I had considered the possibility that th…
How is this argument remotely good? These lawyers, and more importantly, these shell companies, are being labeled as patent trolls because they're filing nonsense patents and then spraying nonsense lawsuits around to try to capture random prey. They're not the vanguard of "protecting the little guy." The idea that making it easy for bad patents to be defended is somehow good is ridiculous. It ignores the possibility…
Let's say you're a small player with a legitimate patent. A huge entity is infringing. In order to make any money of your invention, you have to fight. But that can be very costly and risky. Instead, you sell your patent to someone specialized in this, a "patent troll". You get some money, they use their expertise to fight the big player.
Like selling someone's debt to a collector so at least you get some money.
Re: The patent troll that won a $308M jury trial against Apple
#153Earlier quoted context omitted.
Patents are a monopoly on an idea. And ideas shouldn't be owned by anyone. One shouldn't be forced to share their ideas, but the concept of coming up with something, and then going to your community and saying: "Hey everyone, I thought of this and wrote it down, none of you wrote it down before so now it's my idea for the next 30 years" Is just ridiculous.
People like to say that without patents there will be no incentive to advance technology, but if you're the one to come up with an idea then you already have a huge head start. If you don't make use of that head start, then you don't deserve it, and this applies to patents as well. Monopolies are bad, and competition is good. Everyone is already incentivized to come up with and implement ideas faster than their compe…
That's how technology worked before the patent systems, and the outcome was manufacturer secrecy - which generally sucked more than the patent system.
Re: The patent troll that won a $308M jury trial against Apple
#154The issue I have with much of the patent trolling bashing is, that it somehow makes a distinction between practicing companies who make something and non practicing entities. I think this is a huge veil the industry pulled over people's eyes. Why is it OK for huge companies like apple, IBM, Google... to use the patent system to keep out any competitors or newcomers, but it is not ok for smaller inventors to sell thei…
This is a false dichotomy if I ever saw one. The fight is not between the ones that legitimately use patents and those that've merely bought (or created) them to make money off of the IP itself. There are, in fact, four alternatives here and not two: 1. Producing company, legitimate patents; 2. Producing company, illegitimate patents; 3. Non-producing company, legitimate patents; 4. Non-producing company, illegitimat…
Re: The patent troll that won a $308M jury trial against Apple
#155Earlier quoted context omitted.
Patents are a monopoly on an idea. And ideas shouldn't be owned by anyone. One shouldn't be forced to share their ideas, but the concept of coming up with something, and then going to your community and saying: "Hey everyone, I thought of this and wrote it down, none of you wrote it down before so now it's my idea for the next 30 years" Is just ridiculous.
People like to say that without patents there will be no incentive to advance technology, but if you're the one to come up with an idea then you already have a huge head start. If you don't make use of that head start, then you don't deserve it, and this applies to patents as well. Monopolies are bad, and competition is good. Everyone is already incentivized to come up with and implement ideas faster than their compe…
You’re also ignoring what the patent is actually awarded for. The temporary monopoly is awarded in return for publicly disclosing your invention. Without patents you’d expect almost all commercial innovation to center around ideas that can be kept a trade secret, and to have a lot more budget devoted to protecting trade secrets. It would essentially be the exact opposite of what I expect you’d want to happen.
Re: The patent troll that won a $308M jury trial against Apple
#156These particular patents are a kind of submarine patent based on a particular abuse of the patent system: Someone files a patent, which means they get a monopoly on an idea. But they delay the granting of the patent. This way, they can wait until the idea they came up with is being used in some form by large companies before the patent gets granted, then they have 17 years when they can sue anyone and everyone who implements their idea from 1995.
Now, as it turns out, in 1995 the patent office changed their practice to stop this very particular type of abuse: Patents, starting in mid-1995, are valid for 20 years from date they were filed, not 17 years after the patent was granted.
However, this particular company, back in 1995, filed a large number of patents right just before that practice was changed, then delayed the patents in the Google lawsuit being granted until 2010 or 2013, allowing them to have a monopoly on a 1981 or 1995 idea from 2010 until 2027, or 2013 until 2030.
What needs to be done, in this particular case, is have congress pass a law saying that, for any and all patents filed in 1995 or sooner, every single one of those patents are now expired (or better yet, retroactively expire them in 2015, i.e. 20 years after 1995).
Barring an act of congress, maybe when this case is appealed, higher courts will give us a precedent which invalidates those old 1995 patents still being enforced here in 2021.
Re: The patent troll that won a $308M jury trial against Apple
#157Earlier quoted context omitted.
How is this argument remotely good? These lawyers, and more importantly, these shell companies, are being labeled as patent trolls because they're filing nonsense patents and then spraying nonsense lawsuits around to try to capture random prey. They're not the vanguard of "protecting the little guy." The idea that making it easy for bad patents to be defended is somehow good is ridiculous. It ignores the possibility…
Of course the argument doesn't seem any good if you completely misunderstand it.. Let's say you're a small player with a legitimate patent. A huge entity is infringing. In order to make any money of your invention, you have to fight. But that can be very costly and risky. Instead, you sell your patent to someone specialized in this, a "patent troll". You get some money, they use their expertise to fight the big playe…
Re: The patent troll that won a $308M jury trial against Apple
#158I’ll give a contrary view point to most “patent trolls”. I’m an inventor (100+ Issued patents), I develop POCs and concepts well beyond my ability to productionize. That’s not to say I couldnt create a product, just that I don’t have the resources. However, I do have the resources to develop novel techniques. Does that mean I didn’t invent the process- no, I did invent a new process. I just didn’t build them into a p…
You dont have to publish them, keep them secret !! go sell your work as a secret if your work is so important, why do you have to publish it and then litigate anyone else who comes up with a similar techniques.
Because if you simply keep it secret then the people who patented it after they independently came up with it can sue YOU!
The lesser evil is to put it into the public domain; then no one can patent it and no one can sue you either.
Re: The patent troll that won a $308M jury trial against Apple
#159Earlier quoted context omitted.
It's the jury system that seems to be one of the craziest things about the US system. Luckily other countries don't have it, or only have it for the most serious of crimes(murder trials). Like....who ever thought that having 12 random people decide if you're guilty or not is a good idea?
"Like....who ever thought that having 12 random people decide if you're guilty or not is a good idea?" Probably people, who experienced their share of professional, but corrupt judges, who live worlds apart from the common people they judge over. If a verdict is supposed to represent the peoples will - doesn't it make sense to involve actual common people?
No, because the law should be followed to the letter and "common people" are not qualified to pass judgement. Jury trials in the US just seem to be about how 12 people feel about someone, not whether law was actually broken or not. Every time I hear a case where there was no hard evidence against somebody, but the prosecutor made an impassioned case to the jury and they decide that the person is guilty I'm like.....what even is this. Why have a justice system if you're going to have this circus at the end.
Re: The patent troll that won a $308M jury trial against Apple
#160The issue I have with much of the patent trolling bashing is, that it somehow makes a distinction between practicing companies who make something and non practicing entities. I think this is a huge veil the industry pulled over people's eyes. Why is it OK for huge companies like apple, IBM, Google... to use the patent system to keep out any competitors or newcomers, but it is not ok for smaller inventors to sell thei…
Patents are a monopoly on an idea. And ideas shouldn't be owned by anyone. One shouldn't be forced to share their ideas, but the concept of coming up with something, and then going to your community and saying: "Hey everyone, I thought of this and wrote it down, none of you wrote it down before so now it's my idea for the next 30 years" Is just ridiculous.