AAPL Stock: 119 ( + 1.19 )

Printed from

Patent firm Intellectual Ventures sues tech companies

updated 07:35 pm EST, Wed December 8, 2010

Company dismisses "patent troll" label

Patent holder Intellectual Ventures has initiated lawsuits against a long list of tech companies that failed to establish licensing agreements. One of the suits targets security software makers Symantec, McAfee, Trend Micro and Check Point. A second suit is aimed at memory manufacturers Elpida Memory and Hynix Semiconductor, while a third suit has been filed against component makers Altera, Lattice and Microsemi.

Intellectual Ventures, co-founded by former Microsoft CTO Nathan Myhrvold, maintains claims of at least 30,000 patents and patent applications, according to a Wall Street Journal report (sub. required). The company fetches nearly $2 billion in licensing revenue, without manufacturing or selling any products.

Although the company remains mostly quiet regarding its backers, investors are said to include tech giants such as Microsoft, Intel, Cisco and Google. Such companies are reportedly protected against lawsuits from Intellectual Ventures, however the precise details of the relationships remain unclear.

Intellectual Ventures chief litigation counsel Melissa Finocchio shrugged off suggestions that her company is a patent troll, claiming the firm "can't control the way people view the company or how they label it." She went on to describe litigation as a "fact of life" in the tech industry, and used as a last resort after lengthy negotiations failed to lead to agreement.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented