QUALCOMM, Inc. (NASDAQ:QCOM) Has Given $2 Million To Northwestern For Undertaking Intellectual Property Research
Searle Center at Northwestern University School of Law has got $2 million by Qualcomm Inc. (NASDAQ:QCOM) in order to fund research that will find out the role of patents in stimulating innovation. Yesterday, the director of the Searle Center and a law professor at Northwestern, Matthew Spitzer said in a phone interview that there is an anti-patent gist in the academic literature. People are incredulous about the patents’ value, but he was not one of them.
Along with Daniel Spulber, Kellogg School of Management professor, Spitzer has talked to Qualcomm executives and has thrown the idea of a center that was not ideologically inclined to loathe patents. Basically they said if someone does this they will provide funds for it.
According to a statement from the university on Aug. 22, the center will establish databases to assemble information regarding licensing, standards, litigation and markets for patents. Spitzer said once the database is generated it would be available to all. He said he expects to empirically test the relationship between patent law and technological advances. It is not accurately understandable yet.
According to the lawsuit filed on Aug. 22, Lessig, a well-known proficient on copyright law, has posted more than 50 lectures to Google Inc. (NASDAQ:GOOG)’s YouTube. Among the lectures on innovation and copyright, one of those, given in Seoul in June 2010, included amateur music video clips of people singing “Lisztomania,” a song originally performed by the band Phoenix. Lessig posted footage of his lecture. He got notice from YouTube this June that Liberation Music Pty Ltd, is authorized to represent Phoenix according to the objection. They complained that the lecture included copyrighted material.
Yesterday, in a phone interview, Lessig said that he countered to YouTube considering that it was fair use under American law. After two hours, he said that he has given a notice that within 72 hours Liberation Music has planned to file a lawsuit if I have not taken the content down.” Lessig has not stood down but has taken the lecture down. In filing the action for declaratory relief, he sued looking for a judgment clarifying that no violation took place. QUALCOMM, Inc. (NASDAQ:QCOM) shares fell -0.30% to $66.95 in last session.