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First, according to a lawsuit filed by the State of Vermont, it bought patents of dubious validity that could theoretically cover basic technologies, such as the scanning of documents.
Vlingo even bought patents and eventually countersued Nuance to fend them off.
Specifically, the old web portal claims that after it sued for patent infringement, Facebook bought patents "for purposes of retaliation".
As with many other products–including tungsten-filament lightbulbs, X-ray machines and jet engines GE bought patents from an inventor to get into the turbine business, then refined the design and manufacturing techniques (see time line).
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A few years ago, Mitsubishi bought patent rights to another package, called the dispenSRpak, designed by Mr. Redmond.
On Monday it was reported to be looking at buying patents from Nortel Networks, for example.
Large technology companies have long complained about overly broad patents and "patent trolls," whose business is buying patents and filing infringement lawsuits seeking royalties.
Overly broad patents have given birth to an entire new industry of "patent trolls," whose only business is to buy patents and sue for royalties.
Intellectual Ventures has 650 employees, not all of them patent attorneys, and as well as buying patents it develops ideas in-house.
In the last few years, the companies in the smartphone industry have spent billions of dollars buying patents and hundreds of millions suing one another.
With lawsuits becoming popular, the big companies paid more attention to their intellectual property and spent more money on buying patents to defend their portfolios.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com