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VirnetX is not a company that, strictly speaking, makes things. It is, instead, a company that collects patents the way joyless millionaires collect hermetically sealed comic books: for profit. And while it just scored an impressive £230 million in a successful Apple lawsuit, it’s not stopping there. It’s out for a full-on iPhone, iPad, and Mac ban.
It’s unclear what VirnetX stands to gain from its broad ITC complaint against Apple products, other than some go-away money. But, as AllThingsD reports, Apple’s expected to both appeal the ruling and fight the ban vigorously.
These kinds of lawsuits happen all the time, and even if Apple ends up having to pay out, it’s just pocket change when you’ve got £73 billion cash on hand. It’s mostly just impressive that VirnetX hasn’t just declared victory and departed the field. Troll on, you destroyers of our legal system and corrupters of innovation! Troll on. [AllThingsD via CultofMac]
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very very nice
1 pound fish!
How is what VirnetX is doing any different from what Apple does? Are you suggesting that Apple souldn’t be allowed to use any of the patents that it’s purchased (but not invented) over the years?
VirnetX makes no products, does no research, is not using the patents, doesn’t allow other to use its patents and is a complete troll.
Fine Apple sues for stupid reason but at least they actually do stuff.
How is that any different from a company that buys back catalogues of music and then profits from the royalties?
Most paten troll don’t allow for royalties because if a company illegally uses your patents then you can sue then for a lot more.
And run the risk of losing and ending up with a multi-million dollar legal bill. FRAND licencing applies to their patents just as much as it does to anyone else’s.
Apple also buys patents or companies that makes patent-able innovations. It is no different when it comes to ownership… It just doesnt matter whether or not you produce something with those patents, once you own the patent! It is the patent system that works this way… If you wanna complain, complain to your Government!
I would say Apple deserve it but I hate all patent trolls so I won’t, but they do
“Troll on, you destroyers of our legal system and corrupters of innovation! Troll on.”
Hold up, were you talking about VirnetX here or Apple?
Lets hope they kill each other ^_^
How do I collect some patents?
“even if Apple ends up having to pay out, it’s just pocket change when you’ve got £73 billion cash on hand.” but that 260 million was earmarked for the kiddies paddling pool version of their scrooge mcduck style gold coin swimming pool – won’t somebody think of the children.
I would just like to say that I hope VirnetX wins, because that might push Apple into supporting patent reform rather than profiting from the lack of it.
unfortunately i think if VirnetX will, Apple will be more inclined to go out to buy more and more patents, trying to swallow as many as they can, so this doesn’t happen again
Maybe they should just buy VirnetX, they seem to have some pretty good ones
hahahaha
It is gonna save apple time and money maybe by just buying the whole company…
It’s a stupid system that allows a company literally to exist by hoarding patents.
“What do you do?”
“I get paid to stop innovation.”
Land of the free indeed.