Tag Archives: Personalized Media Communications

$300 discount for IPCU readers to attend US Patent Forum 2016

The fifth annual US Patent Forum is returning to Washington DC on March 17, 2016. A similar forum will precede it in Palo Alto on March 15.

In light of the recent US patent developments, the US Patent Forum, hosted by Managing Intellectual Property magazine, will take an in-depth look at topics affecting US patents today.

The conference will delve into post-grant proceedings before USPTO’s PTAB, examine strategies that make patents more secure, and explore levels of proof and understanding regarding how claims are construed.

Topics covered in the Washington US Patent Forum will include:

  • ITC Litigation and Licensing
  • Post-Grant Proceeding Before the PTAB
  • Uncertainty of Patentable Subject Matter
  • Patent Reform
  • Focus on Unitary Patent & Unified Patent Court
  • Trade Secret Protection for Innovationpress-mip

Featured speakers include Tom Scott, former chair of Goodwin’s Proctor’s IP Department and now Senior Vice President and General Counsel of Personalized Media Communications (PMC), one of the leading patent licensing companies.

IPCU Reader-Discount

For Silicon Valley, the US Patent Forum, is being held at the Sheraton on El Camino and University, opposite the Stamford University Campus in Palo Alto on March 15. The focus will be the Patent Trial and Appeal Board and strategies for dealing with it.

A $300 discount is being offered off of the full delegate price to IP CloseUp readers who attend. Just mention this article. (In-house counsel and corporate executives attend for free.) 

Delegates are invited to attend a full day of discussion to hear from, and network with over 100 leading experts in multiple fields.

They will be able to participate in important discussion about the most significant developments in the US patent system and receive updates on important changes to major global IP systems from experts. There also will be opportunities to contribute to the discussion as well as learn.

For more information, or to register for US Patent Forum 2016, go here for Washington, and here for Palo Alto.

Image source: huffingtonpost.com; managingip.com

Valuations Soar on Smartphone Patents and Stocks

Speculation is Boosting Some Companies for Now; The Shortsighted are Paying a Premium to Compete –

What hath the Nortel auction wrought? Never before has it been so apparent that the right patents in the right hands (at the right time) are valuable financial assets.

InterDigital’s stock had been up 73% since July 18, a period which saw a better than a 15% across the board market correction. As of this morning InterDigital (IDCC) is stil up an astonishing 57.5% year-to-date.

After bidding $4 billion for Nortel Networks wireless patents and losing to a group let by Apple and Microsoft, Google has purchased more than 1,000 patents from IBM. Most of the patents, I understand, have little to do with Google’s primary businesses. Google continues to be in discussions with InterDigital. Now, apparently Samsung, Apple and others are interested in ID’s portfolio or, possibly, the entire company. This has bid the stock price up considerably.

TechCrunch wrote on August 4 that Google, late to the patent game, is in a tight corner and may be an unwilling buyer. (4G patents are terrific, but wouldn’t Google benefit from acquiring other, somewhat less expensive but strategic patents that read on Microsoft, Apple and others’ products? The IBM purchase were likely castoffs from its vast portfolio. High-performing IBM does not currently appear to need the cash but may be more motivated by Android/Linux success.)

Personalized Media Communications, for example, has 59 self-generated patents than read on many mobile and other display devices. It already has settled suits with Motorola Mobility and Cisco, and a number of patents have successfully survived re-exam. PMC is not the biggest name in technology, but it may have the strategic assets some businesses need to compete on the IP front. (Brody Berman Associates has advised PMC about its portfolio.)

Assuming a 5 percent unit compound annual growth rate and a 10 percent discount rate, the InterDigital portfolio, believes InvestorsHub, could be worth between $3 billion and $10 billion to Apple.

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Icahn Picks Bone with Motorola Management in 13D Filing

Lately significant investors who not ordinarily care about patents or IP strategy have become increasingly vocal about them. This is especially true of investors in companies that operate in the mobility field.

Activist investors are not new. For decades they have been pressuring senior managements about how to best use tangible assets, like real estate and cash. Now, however, the have become more vocal about deploying valuable intangibles, like patents.

Witness billionaire investor Carl Icahn, the biggest owner of Motorola Mobility Holdings (MMI) shares. Icahn recently stated in an amendment to his 13D SEC disclosure that he believes that Mobility should generate more value from its portfolio of some 17,000 patents, especially in wake of the Nortel sale.

“The Reporting Persons believe that the Issuer’s patent portfolio, which is substantially larger than Nortel Networks’ and includes numerous patents concerning 4G technologies, has significant value. In addition, there may be multiple ways to realize such value given the current heightened market demand for intellectual property in the mobile telecommunications industry.”

Over a two-day period ending July 21 Mobility’s share price shot up 12.4% to $25.19. It was as high as $27.68 after the Icahn comments, marking an approximately 23% move.

In a formal response, Motorola management defended itself vaguely saying “Motorola Mobility’s Board of Directors and management team continuously reviews the Company’s strategic direction and opportunities that it believes are in the best interests of the Company and all of its stockholders.”

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In fairness to Mobility’s management, monetizing a complex IP portfolio is not as simple as calling for an auction and recording bids. Also, it is not merely a numbers game: “My 4G portfolio is bigger than yours.”

Still, former TWA, Marvel, and Clorox investor Icahn is well-aware, entrenched value is dangerous to shareholders and wasteful to all. (Full disclosure: an Icahn-led group retained my firm Brody Berman Associates, to conduct investor relations for Marvel Entertainment after its bankruptcy filing.) He is also aware of the power of perception and supply and demand.

The high cost of R&D and freedom to operate are motivating the current market. So is the pain of litigation. Companies humbled by patents they do not own are a healthy sign. Without significant damage awards and the occasional injunction this would unlikely be the case. Despite what some economists might think, recognizing the value of invention rights is a plus for innovation, business and even consumers.

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Eventually the mobility patent speculation will come back down to earth, as will the recent panic selling in the broad market. Remaining will be the machinery for intensely competitive (and sometimes collaborative) patent acquisitions that has been set in motion. Companies holding the right assets are enjoying the ride.

Image sources: ipfrontline.com, endgaget.com, pulse2.com 


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