Oh no, it looks like Obama forgot to bail out two tech companies in a patent fight. Local disc drive maker Seagate dropped a patent infringement suit against Stec because, get this, “the case is no longer worth the cost because poor economic conditions have limited Stec's sales of the disputed technology,” according to a report from the Associated Press.
Stec was quick to point out that Seagate actually just had a bad case to start with.
Is it a trend, will companies drop their patent litigation because of the recession? Or at least use it as a convenient excuse? Lawyers say no: patent lawsuits usually go up during a downturn as companies look for other ways to make money besides sales.
— Zusha Elinson