As we were a bit curious of the patent policy of the US candidates we came across a New York Times article of today:
As Carly Fiorina, the former chief executive of Hewlett-Packard and senior McCain adviser, chatted in one small circle, Mr. Johnson, 61, was at the center of another next to her, before he disappeared inside the suite with Mr. Davis.
Carly Fiorina is notorious for the simple world view that more patents mean more innovation. In fact innovation in her perception of the world is measured by the quantity of patents. In her usual self-promotion style (cultural differences, I admit) she wrote:
The force for change must be stronger than an organization’s natural inclination to preserve the status quo. This is why even a change agent CEO must have the support of a critical mass of employees. In 1999, HP was no longer among the top 25 innovators in the world. I challenged our engineers and inventors to innovate. By 2004, we were generating 11 patents a day, the highest rate of innovation in HP’s history, and had become the number-three innovator in the world. CIO
But the fact is. A company that wants to invest in patent lawyers can expand the number of patents it holds as it likes. Just reallocate resources to the legal department. And HP under Carly Fiorina did that, increased the number of patents it applied for dramatically. But does it mean more innovation?
Two years ago HP shareholders "forced" Fiorina out.
"The stock is up a bit on the fact that nobody liked Carly's leadership all that much," said Robert Cihra, an analyst with Fulcrum Global Partners. "The Street had lost all faith in her and the market's hope is that anyone will be better."
I recently noticed that SUN Microsystems announced to abandon its patent inflation strategy as over-patenting was not worth the investment. It is difficult to assess the strategic value of a mine field and you don't find good data how much profit is generated by patents, which patents generate profit or benefit for the company and which are not worth the investment. In most companies investments in patents follow a rule of thumb. Large holders seek profit with patent portfolios like hunters with a shotgun aim for a flock of birds.