iTnews
  • Home
  • News
  • Technology
  • Software

IT giants hook up to fight patent litigation

By Iain Thomson
Jul 2 2008 12:54AM
Follow google news

Some of the largest technology companies in the world are banding together in a attempt to stop legal action over patent infringement..


Google, Cisco, Ericsson, HP and Verizon are among the companies that have formed the Allied Security Trust (AST).

Each company will pay a US$250,000 membership fee and make $5m available to buy patents that could be used against AST members for infringement.

Under the plan the group would buy up relevant patents and license them to members. To avoid prosecution under anti-trust laws the group would be non-profit and would not seek to sue others.

"It will never be an enforcement vehicle," AST chief executive Brian Hinman told The Wall Street Journal. "It is not the intention of the companies to make money on the transactions."

The paper reported that the companies had decided to band together after BlackBerry maker Research in Motion was forced to pay US$612m to patent holding company NTP or face having its network shut down.

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:
fightgiantshookitlitigationpatentsoftwaretoup

Related Articles

  • Apple rolls out new, AI-powered Siri Apple rolls out new, AI-powered Siri
  • iTnews State of Data & AI Breakfast comes to Sydney this July iTnews State of Data & AI Breakfast comes to Sydney this July
  • Defence says Palantir is "sandboxed" in its environment Defence says Palantir is "sandboxed" in its environment
  • Microsoft teases new era of AI-driven devices Microsoft teases new era of AI-driven devices
Join our WhatsApp Channel

Partner Content

AI is delivering business value today
Partner Content AI is delivering business value today
Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026
Partner Content Thomas Peer Solutions unveils data cloud platform and executive leadership forum for 2026
Why resilient communications are becoming critical infrastructure for modern enterprise IT
Promoted Content Why resilient communications are becoming critical infrastructure for modern enterprise IT
Now is the time for the channel to push the hardware refresh
Partner Content Now is the time for the channel to push the hardware refresh

Sponsored Whitepapers

Agile in the AI Era: why projects still fail
Agile in the AI Era: why projects still fail
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
High-volume data sources for AI-driven security analytics
High-volume data sources for AI-driven security analytics
How healthcare organisations can get more value from cloud
How healthcare organisations can get more value from cloud
1 in 3 companies lose SaaS data. Here’s how to prevent it
1 in 3 companies lose SaaS data. Here’s how to prevent it

Events

  • iTnews State of Security Breakfast iTnews State of Security Breakfast
  • iTnews State of Data & AI Breakfast iTnews State of Data & AI Breakfast
  • The 2026 iAwards The 2026 iAwards
  • Integrate 2026 Integrate 2026
  • Security Exhibition & Conference Security Exhibition & Conference
Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Defence says Palantir is "sandboxed" in its environment

Defence says Palantir is "sandboxed" in its environment

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

CBA sends over a decade of data to the cloud as AI demand ramps

CBA sends over a decade of data to the cloud as AI demand ramps

HBF faces AI agent to members for first time

HBF faces AI agent to members for first time

techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.