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

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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14 Comments

1. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

nokia seems desperate...

2. remixfa

Posts: 14605; Member since: Dec 19, 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.

3. afximer unregistered

"When in Rome..."

5. hepresearch unregistered

"... they do as Apple does." hah

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...

15. XiphiasGladius

Posts: 813; Member since: Aug 21, 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. . .

6. snowgator

Posts: 3614; Member since: Jan 19, 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??

7. nyamo

Posts: 274; Member since: Mar 19, 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

8. btdt unregistered

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

12. jbash

Posts: 345; Member since: Feb 07, 2011

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

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.

14. jroc74

Posts: 6023; Member since: Dec 30, 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?

10. kepeneter unregistered

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

11. bong unregistered

nokia has become microsoft...

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