Washed Up Tech Companies v. Real Inventors
“Big Blue said the current bill strikes a "careful balance" among the varied users of the US patent system. "The debate over patent reform has been both lengthy and constructive, but now it is time to act," stated Weber.”
Make no mistake, this bill does not strike a balance. I believe that IBM and the other companies pushing this bill are trying to turn America’s patent system into a king’s sport which only serves their interests.
Over thirty percent of US patents filed by domestic entities are by small entities. Those small entities consistently produce the breakthrough inventions while large corporations produce large quantities of marginal incremental improvement patents. I believe that IBM personifies how older large corporations attempt to substitute quantity for producing quality inventions.
Compare IBM’s current situation to their heyday. Am I they only one who sees a steady decline?
I believe that IBM and quite a number of other tech companies are suffering from the same problems which destroyed the auto industry and that over the next decade or two that most of those companies will suffer the same fate as the auto industry.
The reason is simple, as companies age those who started as inventors virtually always lose the ability to produce significant inventions. The right way to cope with this problem is to either license inventions from those who are producing them or to acquire smaller companies which are based on significant inventions.
Unfortunately, big companies have equally big egos which are often inversely proportional to their ethics.
What happens to companies who cannot produce significant inventions who also alienate those who are producing the inventions they need?
Take a close look at America’s auto industry.
Ronald J. Riley,
I am speaking only on my own behalf.
President - www.PIAUSA.org - RJR at PIAUSA.org
Executive Director - www.InventorEd.org - RJR at InvEd.org
Senior Fellow - www.PatentPolicy.org
President - Alliance for American Innovation
Caretaker of Intellectual Property Creators on behalf of deceased founder Paul Heckel
Direct (810) 597-0194 / (202) 318-1595 - 9 am to 8 pm EST.