A private company known as intellectual venture has made claims to invest in “pure invention”. The business model is based on developing a patent portfolio that is big enough and also provide license to these companies with all their products. Launched in 2009, prototyping and research laboratory known as Intellectual Ventures Lab attracted some media coverage when the book SuperFreakonomics was successful in their efforts to reduce global climate change.
The former Microsoft CTO, Nathan Myhryold who is a patent portfolio developer and broker as Intellectual Ventures started has filed a patent lawsuit against nine tech companies which includes Symantec, McAfee and Hynix Semiconductor.
Intellectual Ventures has filed three patent infringement lawsuits. These lawsuits were announced by the company. The lawsuit was a clean point target towards software vendors like Symantec, McAfee, Trend Micro and Check Point Software Technologies. The next lawsuit in line targeted towards DRAM that is dynamic RAM and Flash memory vendors Hynix and Elpida Memory. The last lawsuit in the row is the FPGA (field-programmable gate array) vendors companies like Altera, Lattice Semiconductor, and Microsemi, which recently acquired Actel and its FPGA business.
Intellectual Ventures have successfully negotiated license agreements with some of the top technology companies in the world. Melissa Finocchio elaborates by saying that for good faith in negations some have ignore their requests as the investors did what seem to be right to protect their invention rights.
In 2000, the company Intellectual Ventures was founded who has purchased more than 30,000 patents, in tallying to patenting its own inventions. The company has almost earned US$2 billion by licensing patents it has purchased. However The Representatives of Symantec, McAfee, Check Point and Trend Micro were not there to make any comment
In the sphere of software security patent lawsuit, Intellectual Ventures asserts that all the four defendants have infringed a patent for computer virus screening methods and systems. In the post office a patent was also automated which was founded on the grounds of rule analysis of e-mail messages and other data objects for controlled distribution in network environments.
The defendants have also breached a patent for a distributed content identification system, an e-mail virus protection system and method as claimed by the company. Intellectual Ventures have alleged that Hynix and Elpida have infringed seven patents, and FPGA vendors have infringed five patents. The patents filed by Intellectual Ventures have made a statement in the newspaper.
Till now the patents filed by the company are still hanging on the doors of U.S court as the desired judgments are still to be declared. The parties on whom the patents are filed have declined to make any comments on the patents but it seems that the Intellectual Ventures are quite confident about their claims and getting the desired compensation from the law breakers.