On June 14, Nokia's CFO stated Nokia is prepared to sell part of its patents to raise cash. It is unclear how many patents would be sold, but Nokia has about 30,000 patents and produces about 1,000 patentable inventions per year. This year's first quarter report states Nokia made about EUR500 million the previous year on intellectual property rights. This patent sale is part of the larger patent monetizing effort at Nokia, which successfully settled patent disputes with Apple last year and sued HTC and RIM for infringement of a number of its patents last month. This is yet another case of a patent rich company leveraging its patent portfolio to get much needed cash to catch up in the dynamic mobile computing space.
For details see Nokia prepared to sell patents if price right: CFO - Wall Street Journal Market Watch
Copyright © 2012 Robert Moll. All rights reserved.
