5 Tech "Tug of Wars" that will play out in 2013
#4 Big Enterprises Bidding on Patents
Just to give you an idea of how much a patent is worth, imagine the touch screen, it is used almost in every device today. Phones, ATM machines, televisions, and even watches have touch screens. A patent is a copyright – you come up with an idea and every time someone wants to borrow your idea, they have to pay you. Apple Inc. holds the patent to the touch screen. How much money are they making? Let them worry about that.
Companies like Intellectual Ventures and RPX to Apple, Google, and Microsoft was spending $525 million to acquire Kodak's imaging patent portfolio. They have realized that patents hold immense value. Companies are willing to shell out that much cash to acquire a simple thing as an idea, talk about power. It is for this very reason that we will see a lot of lawsuits and grudges over purchases and fights over rights. Quite like the Samsung vs. Apple.
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