Ericsson Looks to Patents for Additional Income
Ericsson CEO Hans Vestberg has indicated that the company plans to flex its patent muscle in order to generate more revenue. "By 2015 two thirds of all consumer electronics devices will have some sort of connectivity," Vestberg said in an interview with BusinessWeek. "Any company or manufacturer that wants to get in there will need an agreement with Ericsson." Ericsson owns the rights to about 27,000 patents, which cover "basically everything in the telecom industry," according to Vestberg. The company is looking at its Wi-Fi patents, as well as those concerning Web search and optical transmissions in particular. The company has yet to decide the best coarse of action to take, though it appears to want to steer clear of bilateral agreements and may instead target chip makers directly. Patented technology has become a source of income — and litigation — for many players in the telecommunications and smartphone industry. Vestberg said that using its patents to earn additional revenue could help even out its quarterly performance.
Verizon CEO McAdam to Retire, Will Be Replaced by Vestberg
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
BlackBerry Sues Facebook, Instagram, WhatsApp Over Patents
BlackBerry has filed lawsuits against Facebook, Instagram, and WhatsApp, claiming all three violate its patented messaging technology. "Defendants created mobile messaging applications that co-opt BlackBerry’s innovations, using a number of the innovative security, user interface, and functionality enhancing features," said the company in its filings.
Unwired Planet Bests Samsung and Huawei In Patent Trial
Unwired Planet landed its first courtroom victory in the U.K. this week after a judge agreed that Samsung and Huawei are violating patents owned by the company.
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.
What a society we live in