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IBM Seeking 'Patent-Protection-Racket' Patent

theodp (442580) writes | more than 6 years ago

IBM 2

theodp writes "Wikipedia defines a protection racket as an extortion scheme whereby a powerful non-governmental organization coerces businesses to pay protection money which allegedly serves to purchase the organization's 'protection' services against various external threats. Compare this to IBM's just-published patent application for 'Extracting Value from a Portfolio of Assets', which describes a process by which 'very large corporations' impress upon smaller businesses that paying for 'the protection of a large defensive patent portfolio' would be 'a prudent business decision' for them to make, 'just like purchasing a fire insurance policy.' Sounds like Fat Tony's been to Law School, eh? Time for IBM to put-their-money-where-their-patent-reform-mouth-is and deep-six this business method patent claim!"

2 comments

Consider a possible LARGE target for this (1)

lego_boy_aus (1020533) | more than 6 years ago | (#21053511)

I think IBM may actualy have a VERY good reason for this. Can you think of any "large corporations" in competition with IBM, who have been bad-mouthing a product IBM is involved with, and encouraging smaller distributers of said product to pay for "the protection of a large defensive patent portfolio"?

From the post:

a process by which 'very large corporations' impress upon smaller businesses that paying for 'the protection of a large defensive patent portfolio' would be 'a prudent business decision' for them to make

To my way of reading this, it looks like quite a good defensive patent against M$'s current practice with companies such as Novell.(i.e. you get a company to participate in another of those patent protection deals, and we sue you for breaching OUR patent.)

Of course, I could have been mis-reading it...
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