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Patent Purchasing Alliance Formed

Date: Monday, June 30, 2008 - 9:27am
Keywords: Google, patents trademarks and copyright, HP, verizon, cisco, ericsson, allied security trust

Verizon Communications Inc, Google Inc, Cisco Systems Inc, Hewlett-Packard Co and Ericsson, are believed to have a joined a group calling itself the Allied Security Trust. The companies will pay roughly $250,000 to join the group and will each put about $5 million into escrow with the organization to go toward future patent purchases...

Great, now the patent trolls have a target audience.

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