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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.58

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To: Maurice Winn who wrote (36902)	7/22/1999 11:19:00 PM
From: Boplicity	Read Replies (1) of 152472

Bose Jr in patent row with MIT over software radio From: Mohan Marette Bose Corporation: (Papas shop) bose.com Jr's residence: vanu.com sds.lcs.mit.edu Bala Murali Krishna (ET online) New York 21 July VANU Bose, son of the man who designed the high-quality Bose audio systems, is locked in a battle with his alma mater, the Massachusetts Institute of Technology (MIT). The junior Bose, who heads a start-up called Vanu Inc, is seeking exclusive rights to a technology he developed and patented as a PhD student at MIT. But he is only listed as its inventor. The MIT holds the patent and is not ready to do what it did years ago to the senior Bose — give away technology developed at its lab for nothing. At the heart of the current dispute is the software radio, which can enable use of a number of wireless devices — such as a cellular phone and door-opener — on a single system. Vanu Bose says MIT demanded $1.25m in licensing fees over 8 years in addition to royalties and an equity stake in Vanu Inc. The junior Bose, 34, considers this unfair and is no longer looking for a simple deal for his company but an equitable solution that is fair to all students caught in similar tangles. “Our goal now is to try and effect a policy change” at MIT, he said. He questioned the MIT demand for cash payment by a start-up and of equity because “they (MIT) are not taking any risk” in Vanu Inc. “I feel the deal can be one or the other,” he said. — IANS

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