On Aug 9, 2011, at 9:12 PM, Cédric Beust ♔ wrote:

> On Tue, Aug 9, 2011 at 12:06 PM, Josh Berry <[email protected]> wrote:
> 2011/8/9 Cédric Beust ♔ <[email protected]>:
> > the existence of patent portfolios is a
> > strong driver in big companies acquiring little ones, which I see as good
> > for the industry and innovation in general).
> 
> Do you have anything to back this?  It always seemed to me that
> trademarks/marketshare and talent were the largest drivers of
> acquisitions.  At least the successful ones.
> 
> To be fair, I don't. You're most likely right that products and talent are 
> probably the stronger drivers of acquisitions, but I do think that patents 
> filed by the small company can have an impact on both the decision to buy a 
> small company but also its valuation. Again, just something to factor in the 
> discussion.

Sorry to disagree again. History says, patents don't make a company more 
valuable. And market share is a much more important factor.

Regards,
Kirk

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