Tech majors to partner up and shoot patent suits

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According to the Wall Street Journal, some of the IT giants are teaming up to stop potential patent-infringement lawsuits against them.

Their plan is to buy up key intellectual property before it falls to other parties who could use it against you. They claim, from their sources, that Verizon, Google, HP, Ericsson and Cisco have joined a group known as the "Allied Security Trust".

The companies will pay $250,000 to join and will put in $5 million into the organization to buy patents. Not one of the companies mentioned commented about the story.

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