HTC Looking to Buy More Patents to Bolster Defenses
HTC is highly interested in increasing its patent portfolio, chairman Cher Wang told the Wall Street Journal. The company believes it can adequately defend itself against patent-related litigation, but admits that owning more intellectual property would be helpful. "There's so many innovations out there in Silicon Valley and different places, and that's the exuberance of the mobile experience, I would love to buy many more small companies," she said. Though she admitted that "sometimes we get in and the price goes really high," forcing the company out of some patent auctions. Patent-related litigation is rife in the smartphone industry, with nearly all the players involved in one degree or another. As recently as July, HTC made a patent-protection purchase when it bought S3 for $300 million. Wang also indicated that HTC is taking a wait-and-see approach with respect to creating its own operating system to better compete with Samsung, Apple, and Motorola. "We have a very strong team in OS...and I think that it's not difficult for us to have our own OS, but the most important thing is how do you cooperate with the partners," she said to the Journal. HTC uses Google's Android platform, Microsoft's Windows Phone platform, and Qualcomm's BREW MP in its hardware designs.
Target Adds Mobile Payment Feature to its App
Target today made it possible for people to make in-store payments with their smartphones through the Target mobile app. Similar to Walmart’s offering, shoppers can link their debit cart to the new Wallet function within the Target app.
Apple's Patent Consortium to Sell 4,000 Patents for $900M
Rockstar Consortium, a patent-holding company headed by Apple, has agreed to sell more than 4,000 mobile patents for about $900 million. Apple and partners Microsoft, BlackBerry, Ericsson, and Sony paid $4.5 billion for more than 6,000 patents from Nortel four years ago in order to help protect against litigation.
HTC Cuts the 10's Price By $100 for US Shoppers
HTC has dropped the price of the HTC 10 for the rest of the month. The phone now costs $599 when purchased from HTC's web site, a cut of $100.
HTC Appoints Cher Wang as CEO
HTC today promoted Cher Wang, co-founder and chairman of HTC, to the CEO position. Wang is replacing long-time CEO Peter Chou, who is transitioning to a product development role.
Google, Seeking Patent Peace, Debuts PAX Licensing Network
Google today announced PAX, a patent-licensing initiative for Android that the company hopes will help resolve and/or prevent patent-related threats. Companies that join PAX give each other royalty-free patent licenses that cover Android and Google applications on compatible devices.