Amazon is screwed. IBM has some of the very best patent lawyers on the planet. I guarantee they did their homework and built an airtight case before taking an action like this. Trust me, I know. I was awarded two patents in my time as an engineer with IBM. I've worked with these guys. They are very very good and know their shit.
IBM has always viewed its patent portfolio as a major corporate asset. The company derives significant revenue from that portfolio every year. It is a treasure that is always defended vigorously.
AMAZON. IS. SCREWED.
IBM stock opened up sharply today ;->
IBM has filed two patent infringement lawsuits against Amazon.com for unspecified damages, the company announced Monday.
The lawsuits are over five patents that IBM alleges that Amazon has knowingly infringed upon, which it says the online retailer uses in its customer recommendation and purchase system, advertising, web site navigation and the way its stores data on its network, according to IBM.
Big Blue says it has notified Amazon.com more than a dozen times of the alleged infringement since September 2002 seeking reimbursement, but the companies have not been able to resolve the issue.
IBM added that other companies license these same patents, and that it is open to licensing and sharing its intellectual property.