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PTO Complains of Revenue Shortfall

Says its patent revenues are coming up short because of the recession
By Maureen O'Gara
Article Rating:
June 26, 2009 05:45 PM EDT
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 1,229

The U.S. Patent and Trademark Office, which has complained for years about being "patently" overburdened, now complains that its patent revenues are coming up short because of the recession.

Collections that came to $6.9 million a day in January and February, according to Reuters, fell to $6.4 million a day in April and May and $5.9 million a day last week.

It wants Congress to let it tap into the $60 million projected surplus from the trademarks side of the house and put $10 million that was supposed to go to special projects into the general operating fund.

Last week, the White House named IBM assistant general counsel David Kappos to run the patent office.

Published June 26, 2009 – Reads 1,229
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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