“VirnetX is a company some call a ‘patent troll’ because its only business is now patent enforcement,” Mullin reports. “Then, in March, US District Judge Leonard Davis ordered an ongoing royalty to be paid to VirnetX. The number was downright stunning: 0.98 percent of revenue from iPhones and iPads sold in the US.”
“To no one’s surprise, Apple is fighting tooth and nail to avoid this outcome. A decision published yesterday shows that one creative strategy that Apple tried to use went too far,” Mullin reports. “The decision puts VirnetX back in the driver’s seat, in a stronger position to collect a patent tax of nearly 1 percent on the most popular product produced by the world’s richest tech company. One estimate suggests that VirnetX could soon be collecting around $340 million from Apple annually unless VirnetX’s patents are vanquished on appeal.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David G.” for the heads up.]
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Jury slaps Apple with $368.2 million fine over VirnetX patents – November 7, 2012
VirnetX awarded new security patent files new complaint against Apple – November 1, 2011