“If you didn’t know any better, you’d probably think that sounds great. And maybe you’d be right. But there’s a very good chance you wouldn’t be,” Tobak writes. “There’s a very good chance that the law of unintended consequences will ultimately prove what I’ve said for years, that legislation and regulation are bad for business. And this is no exception.”
“Steve Jobs very much regretted inviting then Google CEO Eric Schmidt to sit on Apple’s board,” Tobak writes. “Had Jobs known that Schmidt would betray his trust and Google would more or less clone the iPhone, Apple wouldn’t be embroiled in those costly and distracting smartphone patent wars with Google, Motorola, Samsung, and others. And that’s the only thing that could have changed the outcome.”
“The White House task force on high-tech patent issues will not change a thing. One thing has absolutely nothing to do with the other. That sort of overstatement, that overreaching rhetoric that the Obama administration uses so consistently, should give you a clue as to the legitimacy of its actions,” Tobak writes. “While I wish it were otherwise, I’m afraid that the Leahy-Smith America Invents Act and the President’s actions yesterday are likely to weaken the rights and the leverage of U.S. patent holders, both domestically and overseas. They will probably weaken the ability of small, innovative companies to grow and succeed over the long haul. And I believe they will ultimately harm the competitiveness of our technology industry on a global scale.
Read more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.
Obama executive orders take aim at patent trolls, encourage high tech patents – June 4, 2013