n bet SOMEBODY is going to have a problem with PRKR having "free and clear" rights to this technology if indeed it is the "holy grail". So as suggested in another post...I hope they are prepared as much for positive negotiations as they are for litigation.
Lord knows Qcom might not of ever gotten the boost they got if the litigation they were in were to of kept dragging on. That MUST be a lession for little PRKR. Make friends EVEN at the cost of smaller royalties. Get rich from a "long haul lock in" of everybody NOT from some high threshold fee and tough deal making that forces some to go find alternatives.
I have seen first hand what happens when a small company asserts its patents against a larger company. Whoever has the most money has the advantage. I hope PRKR is aware of that. Having a large law firm represented on the board of directors does not help them. It is in the interest of the law firm to stir up litigation.
Litigation is an economic choice based on risk/return factors. Each potentail licensee is looking at maybe $100 M in royalties versus a $5 M gamble that has a one in three chance of overturning a good patent. If these patents have a weak foundation, it's not much of a gamble. That is why I am making waves.
Sterne is the attorney of record, he is on the board of directors, his PV compensation, obviously in the form of stock, is directly tied to the results of PV, and you assert that he wants to generate business for his law firm, fighting over PV patents. That's a whopper if I ever heard one. Get real. Sterne has done a magnificent job of researching the patents and giving a plethora of "cites" (another one of those patent attorney words) in fact more than I have ever seen in any patent I have reviewed. He has this stuff nailed, your minor comments notwithstanding. Jeff Parker can smell a "rat" a mile a way. Sterne et. al. are no rats.
Ty, Good points. We've all seen situations in which a smaller company's IP has been defended by a "rich uncle" acting in its own best interest. For example, IF (a big if!) there really is a PRKR/SBL/INTC alliance forming, Intel would undoubtedly be prepared to help defend PRKR's patents - it's usually less costly to license and defend someone else's IP than to develop it in-house, if the deal is right. If PRKRs patents are trashed, then no one gets to keep the pot of gold. OTOH, we've all seen cases in which perfectly good patents were crushed by a well-heeled opponent. I (as a long-time long) really hope that a powerful alliance is announced BEFORE the value of this technology is generally recognized. PRKR is about to win the lottery, and it's time to get a bodyguard.