2011


Founder of Priceline Spoiling for a Fight Over Tech Patents

Wall Street Journal

http://online.wsj.com/article/SB10001424053111904070604576516211224146034.html?mod=googlenews_wsj

Jay Walker turned his idea for "name your own price" Internet auctions into a fortune by starting Priceline.com Inc. Now the entrepreneur is trying to cash in on his ideas by suing other companies.

The jump in litigation worries observers who argue it could chill innovation, forcing companies to spend time and resources defending themselves, rather than developing products and creating jobs. "We're not rewarding the people bringing products to market," said Robert Barr, who runs the Berkeley Center for Law & Technology at the University of California, Berkeley, and is a former patent counsel at Cisco Systems Inc. "That's a net negative for the economy."

8/22/2011