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As chief executive of IBM Corp., Louis Gerstner helped accelerate IBM's licensing activities. Gerstner retired last year, but the IP legacy lives on; in 2002, for the 10th year in a row, IBM received more U.S. patents than any other company. The company also collected $1.1 billion in licensing revenue, about one-fifth of ongoing earnings -- and nearly three times what the company took in as licensing revenue in Gerstner's first year on the job.
April 23, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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