Tech patent hoarder Intellectual Ventures to lose a fifth of its trolls

Layoffs hit licensing powerhouse

Providing a secure and efficient Helpdesk

Notorious patent troll license enforcer Intellectual Ventures has fallen on hard times, it seems, with Bloomberg reporting mass layoffs at the company.

According to this report, 20 per cent of the company's 700 staff will be looking for other non-practising entities to work for.

That would mean between 130 and 140 of the Intellectual Ventures staff getting pink-slipped.

Bloomberg speculates that IV is in the process of reinventing itself as some kind of startup factory, but notes that the company has also run into resistance in Silicon Vally, with original backers like Google, Oracle and HP resisting its later capital-raising approaches.

Google was later the target of an IV lawsuit which earlier this year ended in a mistrial.

The wire also says the company said the staff-heavy model it needed when it was busily acquiring the tens of thousands of patents it now holds has changed. It has now automated a lot of its analysis processes, Edward Jung (co-founder with ex-Microsoftie Nathan Myhrvold) said, and doesn't need as many paper-shufflers.

Earlier in 2014, Intel and Apple joined the ranks of the refuseniks and declined to participate in a fundraising vehicle, according to Reuters.

In 2012, Stanford University researchers studied IV's practises, noting that if its approaches to license patents were rebuffed, the company would often re-license the patents to more aggressive third parties who would return with lawsuits and bigger damages demands. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story


Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.