Big Tech Companies Buy Patents Under Allied Security Trust

Posted: Jun 29 2008, 11:58pm CDT | by , Updated: Aug 11 2010, 9:08am CDT, in News | Technology News


Big Tech Companies buy Patents under Allied Security Trust
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The WSJ reports that Tech company heavyweights joining together under Allied Security Trust to buy up key patents before they can be used against them.

Verizon, Google, Cisco and HP are amongst the companies joining their forces against patent suits according to sources of the WSJ.
The NTP patent suit in 2006 that cost RIM $612.5 is apparently one of the motivators behind the effort.
More details on the WSJ.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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