IBM Wins $83 Million From Groupon in Internet Patent Fight

A US jury on Friday awarded International Business Machines (IBM) $83 million (roughly Rs. 569 crores) in a patent dispute with e-commerce company Groupon.

A jury in Delaware said Groupon used IBM’s patented e-commerce technology without authorisation following a two-week trial.

“IBM invests nearly $6 billion annually in research and development, producing innovations for society,” IBM spokesman Douglas Shelton said in a statement. “We rely on our patents to protect our innovations. We are pleased by the jury’s verdict.” “We continue to believe that we do not infringe on any valid IBM patents,” Groupon spokesman Bill Roberts said in a statement. “To the extent these patents have any value at all – which we believe they do not – the value is far less than what the jury awarded.”

Groupon argued that some of IBM’s patents should not have been granted because they describe obvious ideas, and said the computing company’s damages request was unreasonable. Armonk, New York-based IBM has secured more US patents than any other company for the past 25 years.

The case was closely watched in the technology industry because it offered a glimpse into IBM’s efforts to license its large patent portfolio to other companies. An IBM licensing executive testified that Amazon, Facebook, Alphabet’s Google, LinkedIn and Twitter have each paid IBM $20 million to $50 million (roughly Rs. 137 crores to Rs. 343 crores) as part of cross-licensing deals that gave them access to the patent portfolio.

In 2017, IBM generated about $1.2 billion (roughly Rs. 8,235 crores) in revenue from its licensing activities. During the trial Groupon lawyer J. David Hadden portrayed IBM as using outdated patents to squeeze money out of other tech companies with threats of litigation. IBM lawyer John Desmarais told jurors the company had no choice but to sue after Groupon refused to take responsibility for using IBM’s foundational technology.

  • Share your mind about this:

css.php
Count down of few good things.
Where are you?
Kill the Depression.
BTS: My Saviours.
Basic Dining Table Etiquettes That You Should Follow
4 Interesting Facts About Weddings You Never Knew
Mumbai-Ahmedabad bullet train in the works but 40% seats on route go vacant
History Of Halloween: The Visit Of Spirits Of Dead To The Town
Xiaomi Poco F1 Confirmed to Be Flipkart-Exclusive, Key Details Revealed
Xiaomi Redmi Note 5 Pro Open Sales Begin in India
Facebook
Facebook in Talks With Banks to Expand Customer Service
Xiaomi Launches a Smart Bin That Can Automatically Seal and Replace Trash Bags
5 Good Books To Read This Summer
Cocktail booklet
Cocktail by Vikram Karve
APJ Abdul Kalam India 2020
India 2020 – A vision for the new millennium!
Chanakya Neeti Summary by Amrut Deshmukh
Chanakya Neeti- Summary Part 3