DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
August 19, 2017 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 74 people online.

 

Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin
 

Follow us
RSS
 

Nokia sells 500 patents to patent troll

Posted on Friday, August 10 2012 @ 18:00:17 CEST by


DailyTech reports Nokia has sold 500 patents to Vringo for $22 million. Found in 2006 as a mobile software firm, these days Vringo aims to make money by suing other companies. Lawsuits will be flying around soon, as Vringo said it was eager to soon start a campaign of lawsuits and force companies to cough up licensing fees.
Nokia sold the patents to Vringo. Vringo was founded in 2006 as a mobile software firm, and has specialized in delivering content to mobile devices. However, in 2012 it switched gears, merging with Innovate/Protect Inc. a notorious patent monger/non-practicing entity (NPE). That company in 2011 successfully sued Google Inc. (GOOG), AOL, IAC/InterActive Corp. (IACI), Gannett Comp. (GCI), and Target Corp. (TGT), among others, using a pair of patents acquired from near-defunct search site Lycos.

Of the 500 patents handed to the "troll", 109 are U.S. patents. And just to eliminate any ambiguity, Vringo said it was eager to soon start on a campaign of lawsuits and forced licensing.

The NPE estimates it could make $31.2M USD from Nokia's patents, almost a 50 percent return on its investment.




 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba