Feeds

HTC inks patent pact with Myhrvold's Intellectual Ventures

AKA Intellectual Vultures

High performance access to file storage

Mobile handset manufacturer and Google pal HTC has announced a licensing deal that gives it access to the more than 30,000 patents owned by Intellectual Ventures (IV), the IP-gathering outfit founded by former Microsoft chief technology officer Nathan Myhrvold.

A joint press release from HTC and IV says that HTC will use the portfolio to "defend itself and its subsidiaries from potential litigation."

Last week, Intellectual Ventures announced a similarly sweeping pact with Samsung.

According to The New York Times, Myhrvold's detractors refer to his Bellevue-based outfit as "Intellectual Vultures," accusing the company of collecting IP assets in order to force large sums of money from other companies with the (implied) threat of litigation. But Myhrvold says he's only doing good, creating something he calls "invention capital."

"What we’re really trying to do is create a capital market for inventions akin to the venture capital market that supports start-ups and the private equity market that revitalizes inefficient companies," Myhrvold wrote in a recent Harvard Business Review piece. "Our goal is to make applied research a profitable activity that attracts vastly more private investment than it does today so that the number of inventions generated soars."

Earlier this year, HTC was sued by Apple for alleged patent infringement. The Taiwan-based manufacturer is Google's closest Android ally. It was the manufacturer of the first Android phone and later of the Google-branded Nexus One. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.