Feeds

Ecommerce patent speculator drops suit

PanIP's patent still valid

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

The company representing a patent speculator who has been pursuing small commercial websites has called off its pursuit.

Lawrence Lockwood was granted an e-commerce patent in 2001, USPTO No. 6,289,319, for a "Automatic Business and Financial Transaction Processing System" which was wide-ranging enough to potentially ensnare ATM manufacturers too. A company called PanIP was founded last year to pursue Lockwood's patent, and fifty small e-commerce operations found themselves facing claims of up to $30,000.

A statement by a group of the defendents at their website says that PanIP has dropped its claims. None of the small businesses targeted too out a license, according to the PanIP Group Defense Fund.

Lockwood had previously been granted a patent for an "Automated sales and services system", which he used to sue the SABRE airline reservation system. Both patents are under review by the USPTO. The Office recently struck down Eolas patent for embedded objects in web pages, but only after the university spin-off was awarded over $500 million in damages from Microsoft, money that Redmond doesn't now have to pay. ®

Related story

All your e-commerce sites belong to PanIP (and they want your money)

External Link

PanIP Group Defense Fund

Remote control for virtualized desktops

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.