The current stock market crash dramatically demonstrates that the value of a stock is only worth what someone is willing to pay for it.  Stocks are purchased for many reasons, some for anticipated growth in stock price, others for expected dividend income, still others for a range of reasons (ecological, political or social).  All told, the buyers have a range of reasons for purchasing a stock.   I don’t know about you, but I don’t know anyone who has bought ...     Read entire post

I recently participated in a meeting where a number of company IP managers met with several major IP brokers to discuss how to work together more effectively.  In the course of the conversation the words “value” and “valuation” were used a number of times, but I got the sense that people were not communicating when they spoke about value.  It caused me to think a bit about this interesting word “value”.  I went on-line and found there were over ...     Read entire post

Last month Rob McLean and I represented the ICM Gathering at the IC Congress sponsored by InHolland University in Haarlem, the Netherlands. The Congress was billed as a joint business and academic event but turned out to be largely attended by people from Europen academia, with the papers largely contributed by junior people. I was dismayed to see that virtually all of the academic work presented had no relevance for business or for practitioners of IP/IC management. I think it a tremendous misa ...     Read entire post

Lately I have found myself musing about the IC Community, what I would like it to be, its current state, and its present trajectory. All in all, I can’t say that I am not exactly pleased with the way things stand.   To begin with, our IC community arose out of a serendipitous juxtaposition of early innovators, a perceived set of business and government needs, and a desire to just make things better. The early years of the ICM movement were characterized by dramatic increas ...     Read entire post