The High Cost of Patent Infringement
Wealth of Ideas Newsletter, January 2004
If you follow patent news, you may have noticed a trend towards massive infringement settlements. Our economy, now heavily dependent on knowledge-based industries such as software, telecommunications, biotechnology, and pharmaceuticals, has shifted the management of intellectual property center-stage. Consider the following list of damages awards in recent patent infringement lawsuits:
* $25M to St. Clair in a lawsuit against Sony
* $35M to MercExchange in a suit against eBay
* $60M to technology company SPX in a suit against Microsoft
* $60M to Intel in a suit against Broadcom
* $300M to Intergraph in a suit against Intel
* $521M to Eolas & the University of California in a suit against Microsoft
These types of awards underscore just how much is at stake. A single patent, infringed, can mean the difference of millions of dollars lost or won in litigation
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