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The trouble is, too many big publicly held companies have invested tens if not hundreds of billions of dollars of shareholder money buying up patents. Eliminating software patents, then, would wipe out billions of dollars in wealth being held not only by the trolls but by the likes of IBM, Oracle, Google, Apple and Microsoft. In other words, it isn’t going to happen. Too many of these guys employ people on K Street.
Software patents are costing us even more than we realize, however. We got an inkling this week from the BBC of how much that cost might be. It seems that the trolls alone are costing the U.S. $29 billion dollars yearly, according to James Bessen and Michael Meurer who took part in a study conducted by Boston University:
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