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May 10, 2006

Patent Auction Plus

CNET News reports that the April Ocean Tomo auction results improved in after-auction selling. While only 26 of the 78 patent portfolios went off the block during the auction, accruing $3 million, five lots in after-auction sales nabbed another $5.4 million. According to Ocean Tomo, that's a transaction rate of nearly 40%; not a bad batting average.

Posted by Patent Hawk at May 10, 2006 9:05 PM | Patents In Business