Apple and Google Announce a Ceasefire in the Patent Wars

Time has a good story on the decision of Apple and Google to dismiss all the current IP lawsuits between the two companies.  They have also agreed to work together in some areas of patent reform.  No doubt patent trolls were sorry to see the two giants redirect resources.  The millions that went into litigation can now be devoted to innovation, securing patent reforms, and battling the real enemies of the intellectual property world—the trolls.

For more on possible reforms and the evils of the trolls, see the Independent Institute’s new book Patent Trolls: Predatory Litigation and the Smothering of Innovation.