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New York Times: In Silicon Valley, a Man Without a Patent

 
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Jason Dunn
Executive Editor


Joined: 30 Jun 2003
Posts: 1486
Location: Calgary, CANADA

PostPosted: Mon Apr 17, 2006 2:00 pm    Post subject: New York Times: In Silicon Valley, a Man Without a Patent Reply with quote

http://www.nytimes.com/2006/04/16/t...=rssnyt&emc=rss

"Geoff Goodfellow is a Silicon Valley entrepreneur who came up with an idea that resulted in a $612.5 million payday. But he will never see a penny of it. He remains little known even in Silicon Valley and, perhaps most surprising, he doesn't really mind. And herein lies one of the stranger tales about innovation and money in the world of technology. A high-school dropout, Mr. Goodfellow had his light-bulb moment in 1982, when he came up with the idea of sending electronic mail messages wirelessly to a portable device like a BlackBerry. Only back then, there was no BlackBerry; his vision centered on pagers. He eventually did get financial backing to start a wireless e-mail service in the early 1990's, but it failed. So, in 1998, he moved to Prague and bought a bar. While he was there, the BlackBerry did come along. Tending bar, he believed that everyone had forgotten that he had initially come up with the idea of wireless e-mail."

An interesting article on the whole RIM/NTP wireless email fiasco that was recently resolved. This article throws some added light on the idea of wireless email and the man who first tried to make it a reality.
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Kris Kumar
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Joined: 02 Jul 2003
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Location: Rochester, NY, USA

PostPosted: Mon Apr 17, 2006 6:02 pm    Post subject: Reply with quote

Sad! Sad

The other annoying thing about these lawsuits, the attorneys make a lot of money. I was reading a Business Week article in which the break up of the settlement was given: Out of $60 million settlement; roughly $32 million went to the shareholders, approx $4 million went to the CEO and patent holder, and $20 or so went to the attorneys.
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Mike Temporale
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Joined: 07 Jul 2003
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Location: Toronto, Canada

PostPosted: Mon Apr 17, 2006 6:48 pm    Post subject: Reply with quote

Kris Kumar wrote:
The other annoying thing about these lawsuits, the attorneys make a lot of money. I was reading a Business Week article in which the break up of the settlement was given: Out of $60 million settlement; roughly $32 million went to the shareholders, approx $4 million went to the CEO and patent holder, and $20 or so went to the attorneys.


Interesting. Someone recently attempted to sue me. While talking with our lawyer, he mentioned the cost of going to trial was roughly $100,000 (CDN) for 2-3 days in court. As much as I hate the legal system, I have a couple friends in the business and they work crazy hours and have to put up with some really goofs. In the end, I think they get paid about right.
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Rocco Augusto
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Joined: 28 May 2005
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Location: Portland, OR

PostPosted: Mon Apr 17, 2006 7:20 pm    Post subject: Reply with quote

Mike Temporale wrote:
Someone recently attempted to sue me.


was it motorola? we do do a lot of moto bashing Twisted Evil
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Jerry Raia
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Joined: 07 Jul 2003
Posts: 4759
Location: Los Angeles

PostPosted: Tue Apr 18, 2006 11:00 am    Post subject: Reply with quote

Quote:
he moved to Prague and bought a bar


Best move he ever could have made. Laughing
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