End Software Patents earlier claimed that the US economy suffers an $11 billion hit each year due to needless software patents. It turns out that End Software Patents was wrong.
The number is actually $30.4 billion.
What's $20 billion between friends? The group revised upward its earlier, more conservative estimates based on the following [PDF]:The U.S. Courts reported 2,830 patent lawsuits (of all kinds) filed in FY2006. Bessen and Meurer estimate that as of 2002, 25% of patent infringement suits are over software; all signs indicate that the current number is much higher, but we … Read more