Earlier quoted context omitted.
I suppose that means they'd be putting all their baskets in one Newegg.
I think I just gave you your 7000th karmapoint for that comment.
Looks like it. Thanks!
How Newegg crushed the “shopping cart” patent and saved online retail
121–130 of 138 posts
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#122A victory for common sense, the tech industry, and right-thinking citizens everywhere. May the gods of the market continue to smile upon Newegg (a prosperous Lunar New Year to them!). Points of interest to me: Lee Cheng: And we'll take a case through trial as a matter of principle because we want to accomplish the purpose of making good law. Like eBay did, like Quanta did when they challenged LG. It's part of our dut…
All of the large technology companies should create a common legal fund, whose sole purpose is to seek out and invalidate bad patents.
Are there any potential down sides to this idea?
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#123Anyone else read the article, see the picture of Lee Cheng and say to themselves, "damn I wish I was that guy"?
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#124How does Newegg recoup the loss of time and money involved in raising this lawsuit?
Wouldnt it make sense for Hacker News to provide an affiliate URL to Newegg? After all, you wouldnt be shopping there if it werent for YC notifying you of their noble actions - YC is driving business to them and receiving no sales commissions.
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#125"Screw them. Seriously, screw them. You can quote me on that."
Best quote of the day
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#126Comparing patent trolls to bacteria would be an unforgivable and entirely unwarranted insult to bacteria everywhere. Even the plague bacterium deserves better. We need to see alot more of this happening - hopefully this will show people there is another way to go, i.e. never ever settle with a patent troll, no matter how scary the alternative may seem to be. 3 patents invalidated but thousands to go. It is disgusting…
I think you might be going a little far and taking this a little far... considering the black plague killed between 75 - 200 million people e.g. 30-60% of the population in europe... I agree patients are bad, but let's not take things out of perspective ... ref: http://en.wikipedia.org/wiki/Black_Death
The important difference is that patient trolls have some degree of sentience.
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#127A victory for common sense, the tech industry, and right-thinking citizens everywhere. May the gods of the market continue to smile upon Newegg (a prosperous Lunar New Year to them!). Points of interest to me: Lee Cheng: And we'll take a case through trial as a matter of principle because we want to accomplish the purpose of making good law. Like eBay did, like Quanta did when they challenged LG. It's part of our dut…
> This seems true enough - from a (rational) game-theoretic perspective, > why should any victim really fight hard to overcome a troll, if in > doing so they risk big losses, and don't gain any advantage over their > competition even if they win? If prices were at a near-optimal level to begin with and then are raised across-the-board by some external factor, each firm may retain the same slice of the pie they had be…
That sounds like the definition of a public good. It costs money to create the good (defeat the troll), but once the good is created, there's no way to control access to it (once the patent is invalidated, anyone can use it). A rational actor always wants to be the one who didn't pay to create the good, so only a benevolent, irrational third party will ever create it.
The problem with a pact as you describe it is that joining is not mandatory, and a rational actor will just let everyone else join the pact, and the pact will never get formed. There needs to be an incentive for joining the pact, as well. Patent pools, ironically, may be such an incentive.
I'm just glad that New Egg decided to be irrational this time around.
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#128A victory for common sense, the tech industry, and right-thinking citizens everywhere. May the gods of the market continue to smile upon Newegg (a prosperous Lunar New Year to them!). Points of interest to me: Lee Cheng: And we'll take a case through trial as a matter of principle because we want to accomplish the purpose of making good law. Like eBay did, like Quanta did when they challenged LG. It's part of our dut…
"You'd pretty never hear this from anyone in a public company, it just wouldn't be possible"
I think it is more like that it is not common yet.
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#129Does anyone know if invalidating patents affects previous settlements? Could the company that settled sue for their money back?
Re: How Newegg crushed the “shopping cart” patent and saved online retail
#130...the patent-holding company was still able to hire another top law firm: Quinn Emanuel. That same law firm has done loads of defense work for Google and has become the search giant's go-to patent-troll killer; it's the same firm that defended Samsung in its blockbuster showdown with Apple.
This reminds me of the classic pre-emptive divorce maneuver Tony Soprano pulled: http://en.wikipedia.org/wiki/Unidentified_Black_Males#Episod...
If you don't want to get sued by patent trolls, get all patent troll attorneys on retainer.