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

By Daniel Petrov

Published: Sep 01, 2011, 8:37 AM

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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

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Daniel, a devoted tech writer at PhoneArena from 2010 to 2025, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.