It took
complete failure to do it, but it looks like Modu founder Dov Moran finally found that new source of capital he went hunting for
last November. In an effort to pay back creditors and unpaid wages, the firm's patent portfolio is slated to be snatched up by Google for roughly $4.8 million. What's Mountain View going to do with a mess of
ultra-lite modular phone patents? It didn't come up, but we wouldn't be
too surprised if it had something to do with its
Danger-powered hardware wing and
Android Open Accessory. Putting Modu to rest hasn't phased 'ol Dov, though; Israeli news source
Calcalist reports that he's already invested three million smackers in a mysterious new start up -- about which Moran remains tight lipped. Goodnight, Modu; we'll always remember you as the audacious underdog who had the brass to tell Nokia to
say their prayers.
Google to buy Modu patents, hopefully leave Nokia alone originally appeared on Engadget on Thu, 19 May 2011 23:25:00 EDT. Please see our terms for use of feeds.
Permalink 
BGR |
Calcalist |
Email this |
Comments 
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/1UN-UBmUjGQ/
INTEL INSIGHT ENTERPRISES
No comments:
Post a Comment