— By Kevin Drum
| Thu Dec. 9, 2010 7:59 AM PST
The 800-pound gorilla of the patent troll business is finally going to court:
Technology companies on Wednesday received troubling news that some had feared for years: Intellectual Ventures LLC has started suing. The secretive firm co-founded by former Microsoft Corp. Chief Technology Officer Nathan Myhrvold has raised $5 billion to amass thousands of patents over the past decade....
...This is all predictably depressing, and poses, as I said two years ago, the single biggest risk to America’s continued leadership in technology and innovation. Intellectual Ventures might do a bit of R, but it doesn’t do any D. Instead, it just sits there, extracting rents (that’s the polite way of saying “blackmailing”) technology companies who actually want to make things.