Google bids crazy money for protection
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