Supreme Court Rules Software Patents Invalid-Without Ever Mentioning Software Once In the Decision
"What this means is that companies like Apple, IBM, Microsoft, Google and others have had the value of their patent portfolios nearly completely erased today. If they wish to remain compliant with Sarbanes Oxley and other laws and regulations of the Securities and Exchange Commission they will need to level with their shareholders and tell them that their patent portfolios have been decimated."
db is on a plane headed to the Atlas Summit to give a talk about Galt as Inventor. When he gets off the plane, this news will greet him. Imagine a MODERN patent system understanding the manufacturing age but not the information age....
db is on a plane headed to the Atlas Summit to give a talk about Galt as Inventor. When he gets off the plane, this news will greet him. Imagine a MODERN patent system understanding the manufacturing age but not the information age....
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I don't mind having things explained to me that are out of my realm of knowledge, but when the "elites" just tell me to shut up and go away, the "big people" are talking, I take offense.
I'll leave it up to fellow Gulchers to examine the discussion and draw their own conclusions.
Oh, btw, down voting those with a different opinion is petulant. It doesn't really affect me one way or another, but speaks volumes about those who do it.
Sorry, but I still fail to see what was clearly new. I can see and agree that Alice improved the integrity and efficiency of the daily settlement outcome. But if you could, please explain how that was different to any other financial accounting function gaining the improved integrity and efficiency of computerization already existing and being implemented throughout businesses and financial operations.
The fact is that Alice created a system for settling transactions that saved people billions of dollars a year, had never been done before, and which did not keep CLS from creating a computerized escrow arrangement. We don't disagree about the facts, you don't know the facts. But again you are willing to pontificate and spread socialist lies to destroy property rights.
Property rights are based on creation It is the law recognizing the metaphysical fact of creation and who is the creator. Patents are clearly property rights.
Alice simply tapped into existing information flow, stored and manipulated that information in a computer, then processed that information acting as a third party intermediary to the transaction, and released payment instructions to financial actors. Although the patent application attempted to describe the abstract as a new and not pre-existing process in words not mentioning an escrow arrangement, the facts of what was described in the patent application were nothing more than an escrow arrangement. The idea of applying a computer to complex and large data processing in otherwise common and well known accounting practices was not new, in fact was common throughout business and science. There was no new algorithm created nor described in the patent application.
All I could determine from the application and the court's description of it's findings was that Alice was a common and pre-existing business model using common and pre-existing technology and common and pre-existing step sequence (algorithm) applied to a specific set of financial transactions.
Rather than competing in business relying on better performance, better integrity, better customer relationships, or better costs - Alice attempted to gain business advantage from the coercive force of the government under color of inventive property rights. That to me equals moocher.
Although we might disagree in our understanding of a specific set of facts and the outcome of a law suit, please don't utilize ad hominem attacks such as I don't understand property rights, patents, technology or other such. Maybe pointing out issues or items I might have missed or mis-understood in the application or the court decision might have more of an impact on me.
Not all the founding fathers endorsed patents as natural rights. Benjamin Franklin, one of America's most prolific inventors, refused to patent his inventions on principle: http://www.ushistory.org/franklin/autobi...
Thomas Jefferson did not subscribe to the theory of patents as natural rights either: http://www.gurteen.com/gurteen/gurteen.n... and http://www.theamericanconservative.com/j...
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