Tuesday, January 11, 2005

IBM to give away 500 patents

Jim Stallings, IBM's vice president in charge of intellectual property, said in an interview that the move was meant to encourage other companies to unlock patent portfolios in order to spur technological innovation.
"This represents by far the largest pledge of patents in U.S. history," IBM said in a statement to be issued on Tuesday. "You can use them and grow and innovate (and)...to build something new," Stallings said in remarks aimed at developers.
As the leading provider of computer services, IBM also stands to benefit from helping other companies make use of new technology developed under the open licensing program.

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