Tuesday, December 07, 2004

Web services patent auction

News.com tell us that a bankrupt company has sold off 39 web services patents for $15.5 million as part of the process of liquidating its remaining assets.

"The patents cover a set of key technical protocols known as Web services, a popular method for exchanging business documents over the Internet. The protocols are in wide use today; Microsoft, IBM and other software companies both large and small have incorporated them into their programs.

The winning bidder was a company called JGR Acquisitions. An attorney representing JGR was mum about his client, dodging reporters' questions as he rushed out of the court room at the close of the auction."

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