Are Patent Problems Stifling U.S. Innovation?

The U.S. Patent & Trademark Office is drowning in applications while its budget shrinks. Stanford Law professor Mark Lemley suggests some fixes

Chief executives from 28 large corporations, including Google (GOOG), Cisco (CSCO), Research in Motion (RIMM), and Intel (INTC), sent President Barack Obama a letter on Mar. 25, urging him to support the Patent Reform Act of 2009. The problem, they say: Litigation costs and patent infringement damages are stifling innovation.

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