"... tech industry itself want to own such lousy patents to use against each other."
I recall a story where Steve Jobs called Eric Schmidt from Burning Man and threatened Schmidt with "nuclear war" over Android. What did he threaten him with? Legitimate competition? Guess again.
Junk patents are a perfect vehicle for vexatious litigation.
This is just my biased opinion but the IT industry appears to have no shortage of child-like executives.
World's largest patent troll co-founded by former Microsoft CTO and a licensing lawyer from Intel who coined the term "patent troll". Two individuals who had certainly seen their share of trolling by smaller entities against MSFT and INTC. I believe the lawyer blogged about the problem of "patent trolls" anonymously for while at Intel in the late 90's, but was later "outed".
The industry was aware of this problem very early on.
I recall a story where Steve Jobs called Eric Schmidt from Burning Man and threatened Schmidt with "nuclear war" over Android. What did he threaten him with? Legitimate competition? Guess again.
Junk patents are a perfect vehicle for vexatious litigation.
This is just my biased opinion but the IT industry appears to have no shortage of child-like executives.
World's largest patent troll co-founded by former Microsoft CTO and a licensing lawyer from Intel who coined the term "patent troll". Two individuals who had certainly seen their share of trolling by smaller entities against MSFT and INTC. I believe the lawyer blogged about the problem of "patent trolls" anonymously for while at Intel in the late 90's, but was later "outed".
The industry was aware of this problem very early on.