Patent hunting is latest game on tech bubble circuit
By Richard Waters in San Francisco
A new kind of bubble is inflating in tech and, like all the most alluring bubbles, this one is being pumped up by a potent combination: expansive claims from its promoters, some early deals that appear to “prove” the validity of the high prices being talked of, and a lack of transparency that makes it hard for investors to assess the real value of the assets at issue.
You could call it the Great Patent Bubble of 2011. In the month since an auction of patents from the bankrupt Nortel Networks ended with a shockingly high bid of $4.5bn, or five times the initial offer, the favourite game in tech circles has been to find the next big chest of buried gold.
http://www.ft.com/cms/s/2/16025f76-b868-11e0-b62b-00144feabdc0.html#axzz1TL4iTh11
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