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April 26, 2006
Bankruptcy Auction
Xybernaut,
a maker of wearable computing devices, went bankrupt last July. To help put
itself back on its feet, Xybernaut is
auctioning its "Waypoint" patent portfolio, which includes
6,480,713 &
6,681,107. The Waypoint patents enable location-based services to wireless-enabled mobile
devices, such as plopping ads onto a PDA for nearby restaurants and shops;
potentially useful and annoying.
Xybernaut has 48 U.S. patents. The Waypoint portfolio is one of a few portfolios that don't relate to their core business.
Distress patent auctioning is not unusual, particularly with expressed interest from several buyers, as in this instance. The auction is next month.
Posted by Patent Hawk at April 26, 2006 8:03 PM | Patents In Business