New Business Targeting Patent Trolls Signs IBM and Cisco

When IP lawyer and entrepreneur John Amster launched RPX Corp. as the cure-all for patent trolls in September, the industry was skeptical about how it would work. The new business is catering to the frustration that big tech companies have with what they derogatorily label "patent trolls." Amster says his company will charge members an annual fee and in return RPX will buy dangerous patents off the street and give their members a license. So far RPX has signed up two companies to its program: IBM and Cisco.