Quote:
Originally Posted by emeritus
My understanding is the Philips always were strong in intellectual property and encouraged innovation.. Their patent department was run as a business unit that filed, and paid the prosecution costs of, patents for any worthwhile inventions made by the subsidiary companies, licenced the inventions to third parties, and collected the royalties.
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I think you're right about that, but licenses eventually run out, and lots of new inventions that would otherwise have been made, won't be made inside a skeleton company.