RIM Among 12 Major Tech Companies to Buy Kodak's 1,000 Patents at Bargain Bin Prices

Posted by Knowlton Thomas

The bankrupt Kodak sold more than 1,000 patents for $525 million to a consortium led by Intellectual Ventures and RPX Corp this week. The patents, which are mostly related to digital imaging, are estimated to be worth over $2 billion.

The patents will be licensed out to several major technology companies, including Apple, Google, and Microsoft. Also licensing the patents is Waterloo-based Research in Motion, the only Canadian company on a list featuring the likes of Amazon, Facebook, Samsung, and Adobe.

Split 12 ways, the patents will cost each company a modest $43 million. It's a great deal for the dozen companies involved, but future companies will likely find it 12 times more difficult to obtain the use of said patents down the road.

Intellectual Ventures was founded by Nathan Myhrvold, a former Microsoft executive, to collect patents and charge license fees on the technologies. It's been dubbed a "patent troll" but operates more legitimately than most competing patent trolls out there (if only slightly).

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Location:
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Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more

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Website:
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Location:
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Website:
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Location:
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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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