BLSH,
Thanks for an excellent link! Interesting news!
QUOTE----------------------
"...The Meta 6000 was never realized. IMS abandoned
the effort and filed for Chapter 11 bankruptcy
proceedings. During the bankruptcy proceedings,
TechSearch acquired the patent that serves as the
basis of the suit. The company bought the patent in
November and filed its action this past June.
TechSearch itself is not a developer of intellectual
property, according to IMS. Instead, the company
buys underused or underexploited patents from
original developers and then tries to develop their
value further. Sometimes, TechSearch resells the
patents. Other times, litigation erupts.
IMS itself did not contemplate a lawsuit against Intel
when approached by TechSearch, according to the
IMS spokesman. Because the Meta 6000 project
had been abandoned, and because TechSearch
issued the company a license for its technology,
there was no reason not to sell the patent."
UNQUOTE---------------------------- |
