WSJ reported yesterday that Kodak’s upcoming patent auction already has 2 bidders: Google and Apple, and each has bids between $150 million and $250 million so far. Kodak, however, is expecting up to $2.6 billion for its 1,100 digital patents to pay off its creditors.
This may be wishful thinking for Kodak, but who knows how fast the bids will escalate with Apple in there. Apple doesn’t really care about the money they have to spend, so they will try to at least raise the cost for Google as much as possible provided Google does retain them eventually.
The two companies are not actually bidding by themselves, but are [...]
The patent arms race is reaching a feeding-frenzy stage. Over the past months, we’ve witnessed a series of high profile legal spats between the technology companies that make our beloved gadgets. A quick recap of the most visible battles includes the Oracle vs Google trial, the Samsung vs Apple global conflagration, the Microsoft vs Motorola case that caused the ban of all Motorola devices in Germany, and the Apple vs HTC debacle, which affected the availability of the One X and the EVO 4G LTE in the USA.
Tech corporations are suing each other like madmen, but unfortunately, their actions mostly affect consumers. We get fewer products on the [...]