Subject: Re: EY invests in online patent exchange
From: "Tim O'Reilly" <tim@oreilly.com>
Date: Wed, 15 Sep 1999 19:37:43 -0700

Real value?  Nil, I think.  Deterrence value to other corporations,
extortion value?  Your guess is as good as mine.

Steven Work wrote:
> 
> Over 100,000 sw patents to date, pace increasing.  What's the real
> value of these things?  SCW
> 
> "Tim O'Reilly" <tim@oreilly.com> writes:
> 
> > [...]
> >
> > > PASADENA, Calif. -- Patent & License Exchange, which
> > > operates the online patent market pl-x.com, said
> > > consulting firm Ernst & Young made an undisclosed
> > > first round investment in the company. In addition,
> > > the two companies have agreed to co-develop knowledge
> > > and risk management tools that will be featured
> > > on the pl-x.com site when it becomes transaction-enabled
> > > later this year. Services available will include
> > > automatic real options-based patent valuation, automatic
> > > patent validity insurance, and secure online transaction
> > > services. Pl-x.com was previously backed by individuals.
> > > http://www.pl-x.com
> > > http://www.ey.com
> --
> Steven Work
> Renaissance Labs
> steve@renlabs.com
> 360 647-1833