Bankrupt Commerce One Patents Fetch &#36;15.5M
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Bankrupt Internet software maker Commerce One Inc. auctioned off dozens of prized online patents for &#36;15.5 million in a sale that could provoke a legal scuffle over whether the new owner is entitled to collect royalties from a long list of technology heavyweights.
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The Pimco mutual fund group, which on Monday settled federal charges of allowing rapid trading in stock funds, on Wednesday is expected to pay at least $15 million to settle a joint federal and state probe into revenue
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Software giant contesting order to pay &#36;521 million in patent infringement verdict.
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California's Attorney General announced a $14.5 million civil settlement with Hewlett-Packard Co. this afternoon, three months after the Silicon Valley computer giant was engulfed in an ethics and spying scandal that led to criminal charges against former top executives.
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MOSCOW  - Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion US, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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Executive search firm Heidrick &amp; Struggles International Inc. on Friday said it earned nearly &#36;130 million by selling Google Inc. stock it got as payment for finding the Internet company a new CEO in 2001.
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Company claims one million songs sold since prices were cut.
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A drug manufacturer has been found to infringe patents licensed by the maker of a rival drug.
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Announcements abounded: one acquistion, a potential sale, and the first-quarter earning report.
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Commerce One says it must lay off 56 employees, leaving it with 36 to operate its supplier relationship management business unit. Years of economic devastation have left Commerce One -- once
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A group called JGR Acquisition made the winning, &#36;15.5 million bid Monday for a batch of obscure but potentially important patents covering technologies for Internet business transactions.
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Little-known company has come forward claiming rights to patents at the center of NTP's high-stakes suit against Research In Motion.
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Patent infringement found; split decision sends part of case back to lower court.
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Research firm expects market for OLEDs used in displays and lighting to reach $15.5 billion by 2014.
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Craig Conway, the former chief executive of PeopleSoft Inc., will get at least &#36;3.2 million in severance, the company disclosed.
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(InfoWorld) - A Georgia technology vendor said Wednesday it is looking to collect money from three patents on targeted online advertising either by selling the patents or by collecting licensing fees from dozens of online advertising firms. Concurrent Computer, which sells Linux-based software to government and enterprise customers, obtained the three patents as part of its acquisition of Everstream Holdings in October 2005, said Kirk Somers, the company's executive vice president. Concurrent has begun sending letters to more than 50 companies, including Microsoft and Google, suggesting they may be using the patented technology without a license, Somers said. The patents cover virtually all methods of targeted advertising on the Internet, the company said. Concurrent's primary goal is to sell the three patents to another company interested in targeted online advertising, Somers said. The company has hired IPinvestments Group, an intellectual property business advisory firm, to help it sell the patents, and its goal would be to sell the patents by the end of the year. The company's aim is to "ensure the continued growth of this market while maximizing the value of our intellectual property," Concurrent President and CEO Gary Trimm said in a statement. But Concurrent is also considering keeping the patents and attempting to collect licensing fees, possibly through patent infringement lawsuits, Somers said. "We haven't ruled out the hammer technique completely," he said. "The patents are key to [several companies'] strategies." Right now, Concurrent would prefer to avoid lawsuits, Somers said. The company wants to work out agreements where "we all can benefit," he added. The patents relate to systems and methods of bundling stored data, such as music, video, and television content, with stored advertisements and delivering them to users based on user requests or profiles. The portfolio of related patents includes three U.S. patents, three Canadian patents, and U.S. and foreign patent applications. The U.S. patents included in the portfolio are No. 5,931,901, related to programmed music on demand from the Internet; No. 6,038,591, also related to programmed music packaged with advertisements; and No. 6,161,142, for a method and system for using a communication network to supply targeted streaming advertising in interactive media. The first patent was filed in March 1997, and the other two are continuations of the first patent, Concurrent said. Concurrent expects that some companies may challenge the patents, especially in the case of infringement lawsuits, Somers said. The company has taken the last year and a half to investigate the patents, and it believes they are valid, he said. "We didn't find any problems with them," he added. A Google representative wasn't immediately available to comment on the patents. Asked about the value of the patents, Somers declined to get more specific than to say it was significant. "I don't want to unrealistically set expectations at the high or low side," he said. Concurrent's patent claims come two weeks after Microsoft officials complained that Linux and other open-source projectsÂ infringe on 235 of its patents. Concurrent's claims are "completely independent" of the Microsoft claims against Linux, Somers said. "We've been working on this a long time," he added.
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High-stakes patent royalties battle enters another round.