Feeds

Obama says patent trolls 'extort money', pledges reform

Presidential hangout touches on open internet, teaching kids to code

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

US President Barack Obama has used a “Fireside Hangout”, captured on YouTube, to label patent trolls as leeches who extort money from their victims.

Asked about the potential for patent trolls to hamper innovation, Obama said his administration's attempts at patent reform “only went about half way to where we need to go” and have not “captured all the problems”.

Among those problems are patent trolls, who “do not produce anything themselves” and are “trying to leverage and hijack someone else's idea and see if they can extort some money out of them.”

Changing laws to address this won't be simple, he said, as new legislation will need to balance the need for IP protection that encourages innovation. The President therefore said “we need to pull together additional stakeholders and see if we can build additional consensus on smarter patent laws.”

Obama also said he hopes to “ensure the internet stays open” so that entrepreneurs can enjoy low barriers to entry.

Elsewhere in the 47-minute chat, Obama revealed he has spoken with Mark Zuckerberg about the role of computers in schools and emerged agreeing with the Facebook CEO that it makes sense for kids to learn programming.

“I want to make sure they know how to actually produce stuff using computers, and not just consume stuff,” Obama said. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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.