Patent Blackmail or Innovation?
BEFORE THE SPIN
As Sang Lee, analyst for Celent Communications put it, the Reuters and eSpeed actions over their patents have suddenly made electronic trading a hot area for legal issues (see story, this issue). It has also become a testing ground of sorts for how the industry will pave the way for the future of electronic trading. In particular, when does this kind of litigation become a kind of "patent blackmail" (as one lawyer put it) and no longer a way of protecting innovation? Where does the industry draw
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