CSIRO Pockets A Cool $200 Million Through Wi-Fi Patents
According to Asher Moses at the Sydney Morning Herald, the CSIRO just received it’s first royalty paycheck for licences on its wireless data patents, which are the cornerstone for Wi-Fi. It was a cool $200 million. Looks like first round’s on them!
The paycheck, which follows on after years of legal battles, plus out of court settlements, is just the start of the money train too, with Wi-Fi such an essential part of computing and gaming these days.
So, three cheers for the CSIRO, for being awesome and rich.
[SMH]
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Comments
Great last line.
The best thing about this, other than bringing the $$ to Oz, is that they will pour the money back into pure research(and some admin) for the common good of all.
About time. It’s been far too long that CSIRO technology has just been given away – primarily to the USA.
CSIRO should be rewarded and recognised for their efforts.
Read that linked article – $634.8 million from royalties on their own inventions?
Nice going, CSIRO!
indeed, 3 cheers for the CSIRO, one of the few places left that pure research can happen
Totally deserved. Idiots on other forums have lumped them in with patent trolls, but they invented something fundamental to all of us and deserve to be compensated.
Im still waiting on those native fiber switches that were apparently developed here. they sound awesome!
like, its easy to run ultra high bandwidth fiber lines everywhere, but the real bandwidth and latency bottle necks come from the signals having to be converted back into electricity at the hubs. these switches were natively fiber! so no converting to electricity! speed of light the whole way!