Google bids crazy money for protection

Last Update: April 04, 2011

Was bored today so thought I'd nip over to googles blog and see what they're up to.

 Turns out they classify themselves as still a young company. They feel the need to throw nearly a billion at a line of defense.

They talk about buying patents from a company in bankruptcy. Nortel.  Never heard of them. Something to do with telecommunications or something like that.

 Ah...telecommunications...that's a phone company...am I right?

 Anyhow. Google wants protection so they don't get sued. 900 million bucks for a portfolio. That's some amount for protection. 

http://googleblog.blogspot.com/2011/04/patents-and-innovation.html

That's just what they're calling the "stalking horse price" starting point a think that means. Just a guess.

http://www.androidcentral.com/google-bids-nortels-patent-portfolio-hopes-helping-android-and-chrome

It's going for auction anyway.Just incase anyone wants to outbid them. LOL

Robert

 

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jatdebeaune Premium
Maybe I'll outbid them. Haha. And they should leave horses alone.
Labman_1 Premium
My brother worked for Nortel for a couple of years. One of the too big to fail that failed. Well the higher ups cashed out with oodles of cash and stuffed a dead goldfish down the throats of the workers.
Behealthy Premium
Yeah Ive heard of them...some years back.

Stalking horse is kinda weird to call the starting price, I mean, horses dont stalk?!
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