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Nokia offloading intellectual property to the patent troll Mosaid, to collect two thirds of the racket

Posted: , by Daniel P.

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Nokia offloading intellectual property to the patent troll Mosaid, to collect two thirds of the racket
Nokia is going Tony Soprano on the mobile industry by releasing 2000 of its wireless patents to the patent troll company Mosaid, and will collect 66% of the proceeds the Canadians manage to squeeze from litigation.

Mosaid already has experience with IT lawsuits against Dell, HTC, Sony Ericsson, RIM, Huawei, Wistron, ASUS, Lexmark, Canon and Intel, among others. Nokia has likely chosen it precisely on account of those valuable skills, and probably encouraged by its own win against Apple, which resulted in more than half a billion dollars settlement, plus ongoing royalties from each iPhone Cupertino makes.

If anyone has the moral right to sue for wireless patent infringement it must be Nokia and Motorola, which basically created the mobile industry. Granted, they slacked  and became bloated and complacent, but Apple's disruption has certainly been a wake-up call. They will probably never become what they were again, but some patent-related income should go a long way while they are restructuring and preparing for existence in a different world of mobile.

via TNW

14 Comments
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posted on 01 Sep 2011, 08:41 1

1. PeterIfromsweden (Posts: 1230; Member since: 03 Aug 2011)


nokia seems desperate...

posted on 01 Sep 2011, 08:46 2

2. remixfa (Posts: 13903; Member since: 19 Dec 2008)


they almost smell desperate like fruit... rotten apple flavored fruit.

bah whatever, if they go after apple all I can say is your reap what you sew.

posted on 01 Sep 2011, 08:59 3

3. afximer (unregistered)


"When in Rome..."

posted on 01 Sep 2011, 09:03 3

5. hepresearch (unregistered)


"... they do as Apple does."

hah

posted on 01 Sep 2011, 09:02 1

4. hepresearch (unregistered)


Nokia, for all of its desperation, will not get any better over this. They will only look more and more like Apple in terms of patent-trolling, and their products will be less likely to be motivated by innovation, and more likely to be motivated by greed. Just because you start using 1GHz chipsets all of a sudden, instead of the 600 MHz chipsets you used to use, does not make your product instantly better if you do not execute everything properly. Major case in point: Nokia's C3-01.5... it sort of sounded cool to me at first, and then the actual stupidity and uselessness of it trickled down into my brain over time. Even if every other cheap attempt Nokia makes at becoming competitive again fails, they will still be in business if only to line someone's pockets by collecting the patent royalties...

posted on 02 Sep 2011, 02:05

15. XiphiasGladius (Posts: 801; Member since: 21 Aug 2011)


They're using this method to help them not loose much money, intelligent move, but their products are still (dumb) a 100 miles behind the competition. Although I'm a Nokia Fan, I ain't buying one unless its better or on par with the rest of the competition. . .

posted on 01 Sep 2011, 09:36 2

6. snowgator (Posts: 3209; Member since: 19 Jan 2011)


The best thing about all this patent warpath crap is that if Apple, Samsung, HTC or anyone else starts getting hit to hard for fines, they can always just jack -up-the-living-crap outta the prices of the handsets. That way, their profit level will be okay and you and I can pay for all this. Just a win-win ain't it??

posted on 01 Sep 2011, 09:45 1

7. nyamo (Posts: 274; Member since: 19 Mar 2011)


maybe in the rest of the world that may or may not work. but jacking up the prices will completely backfire in the US. cheap ass people here would never bite on something too expensive for a mobile

posted on 01 Sep 2011, 10:00

8. btdt (unregistered)


Smart move by Nokia. It's cold war tactics. Everyone has warheads except Google :D

posted on 01 Sep 2011, 16:53 2

12. jbash (Posts: 341; Member since: 07 Feb 2011)


until now. they bought motorola. they now have a plethera of warheads

posted on 01 Sep 2011, 12:12 1

9. Korgan Bruce III, Esquire (unregistered)


About time.

The story explains itself: Motorola and Nokia were the pioneers and the inventors of most of mobile tech out there.

Time for Apple to get burned.

Jobs and company thought they were smart, but all they did was wake a couple of giants. I can't wait until Google goes through the Moto portfolio, then Apples will truly hit the floor.

For as much as Apple as "invented" or "innovated", they stole something from somebody else and built off of it. All evidenced by Nokia's settlement and subsequent rip on every iPhone sold. Credit where credit is due to Apple for innovating and making things better, but you need to pay the piper sometime.

posted on 01 Sep 2011, 21:11

14. jroc74 (Posts: 4732; Member since: 30 Dec 2010)


What shocked me was finding out Motorola has patents for touch screen gestures from.....1994.....lol

It might not be as fancy as what Apple has, I havent really looked into it, but touch screen gestures from 1994?

posted on 01 Sep 2011, 12:15

10. kepeneter (unregistered)


Was wondering when I might may some $ on NOK. Suppose this means they will not be acquired any time soon?

posted on 01 Sep 2011, 13:08

11. bong (unregistered)


nokia has become microsoft...

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