According to a ruling by judges at the United States Patent and Trademark Office, the disputed patents on the gene-editing tool CRISPR belong to the Broad Institute of MIT and Harvard. “The ruling comes a little over two months after a high-profile court hearing, during which MIT and University of California, Berkeley heatedly argued about who should own CRISPR, ” The Verge reports. From their report: STAT News reported that the decision was one sentence long. The three judges decided that the Broad patents are different enough from the ones the University of California applied for that the Broad patents stand. The patent ruling suggests that the work done by Jennifer Doudna of the University of California and her colleagues on CRISPR wasn’t so groundbreaking as to make any other advance obvious. But that legal opinion isn’t how the science world views her work, STAT points out: “Doudna and her chief collaborator, Emmanuelle Charpentier, won the $3 million Breakthrough Prize in the life sciences in 2015, the $500, 000 Gruber Genetics Prize in 2015, and the $450, 000 Japan Prize in 2017, ” the outlet notes. Read more of this story at Slashdot.
View original post here:
Patent Office Rules CRISPR Patents, Potentially Worth Billions, Belong To Broad Institute
Microsoft’s market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. From a report: Shares of the world’s biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data. Despite the gains, Microsoft still lags Apple’s market capitalization of about $642 billion and Google-parent Alphabet’s market value of a little more than $570 billion. Microsoft reported second-quarter results on Thursday that beat analysts’ average estimate for both revenue and profit, mainly due to its fast-growing cloud computing business. The company’s profit and revenue have now topped Wall Street’s expectations in seven of the last eight quarters. Read more of this story at Slashdot. 
HP has agreed to a deal with Samsung to acquire their printer business for $1.05 billion, a deal that will be the largest print acquisition in HP’s history. USA Today reports: “The acquisition of Samsung’s printer business allows us to deliver print innovation and create entirely new business opportunities with far better efficiency, security, and economics for customers, ” said HP president and CEO Dion Weisler in a statement. The Samsung deal would give HP access to 6, 500 printing patents as well as 1, 300 researchers and engineers “with advanced expertise in laser printer technology.” While this deal is being negotiated, Samsung’s mobile phone business has been navigating a recall of its Galaxy Note 7 smartphones over issues with batteries catching fire and exploding. One of the most recent accidents reported involved a six-year-old boy in New York, who was using the device when it “suddenly burst into flames.” Read more of this story at Slashdot. 
A report on CNBC, citing sellers, says that counterfeit problem on the platform has gotten worse after it made it easier for Chinese manufacturers to sell goods to U.S. consumers. The report gives an example of a seller Jamie Whaley who started a bedding business on Amazon that reached $700, 000 in annual sales within three years. Her patented product called BedBand consists of a set of shock cords, clamps and locks designed to keep fitted bed sheets in place. Whaley found quite an audience, selling up to 200 units a day for $13.99 a set. BedBand climbed into the top 200 selling products in the home and kitchen category. That was 2013. By mid-2015, the business was in a tailspin. Revenue plummeted by half and Whaley was forced to lay off eight employees. Her sheet fastener had been copied by a legion of mostly Chinese knockoffs that undercut BedBand on price and jumped the seller ranks by obtaining scores of reviews that watchdog site Fakespot.com determined were inauthentic and “harmful for real consumers.” The report adds:Spend any time surveying Amazon sellers and Whaley’s narrative will start sounding like the norm. In Amazon’s quest to be the low-cost provider of everything on the planet, the website has morphed into the world’s largest flea market — a chaotic, somewhat lawless, bazaar with unlimited inventory. Always a problem, the counterfeiting issue has exploded this year, sellers say, following Amazon’s effort to openly court Chinese manufacturers, weaving them intimately into the company’s expansive logistics operation. Merchants are perpetually unsure of who or what may kill their sales on any given day and how much time they’ll have to spend hunting down fakers. Read more of this story at Slashdot. 
An anonymous reader writes: A jury has upheld patent claims against Samsung and awarded the patent-holder $15.7 million. “The patents relate to compatibility between different types of modems, and connect to a string of applications going back to 1997. The first version of Bluetooth was invented by Swedish cell phone company Ericsson in 1994.” Lawyers for the plaintiff argue that the patents cover all devices that use Bluetooth 2.0 or later, so further cases could extend far beyond Samsung. Of course, the company that won the lawsuit wasn’t the one who made the invention, or the one who patented it. The company is Rembrandt IP, “one of the oldest and most successful” patent trolls. Read more of this story at Slashdot. 
Apple has long sold Bose headphones and speakers in its retail stores, including in the time since it acquired Bose-competitor Beats Audio, and despite the lawsuit filed by Bose against Apple alleging patent violations on the part of Beats. That’s come to an end this week, though: Apple’s dropped Bose merchandise both in its retail locations and online, despite recent news that the two companies have settled the patent suit. Read more of this story at Slashdot. 
Planes are giving passengers less and less leg room so it’s no surprise that quarrels break out between passengers over space. Yesterday, one such altercation got so heated that a plane was diverted to Chicago. And at the heart of the conflict? A nifty little device called the Knee Defender , which prevents seats from reclining. Read more… 
mknewman (557587) writes with a welcome followup to the broad hints that Tesla might release some of its patents for others to use patents that it has amassed. Now, Elon Musk writes on the company’s blog: Yesterday, there was a wall of Tesla patents in the lobby of our Palo Alto headquarters. That is no longer the case. They have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology. Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology. Read more of this story at Slashdot.