Google, Cisco, and others band together against patent trolls
The Wall Street Journal is reporting that Google, Cisco, Hewlett-Packard, Ericsson, Verizon, and others are joining together to buy up patents to prevent the patents being used against them by patent trolls. The group, called the Allied Security Trust, is a bit like the open-source friendly Open Invention Network, but appears to have more cash at its disposal.
The new Allied Security Trust aims to buy patents that others might use to bring infringement claims against its members. Companies will pay roughly $250,000 to join the group and will each put about $5 million into escrow with the organization, … Read more