Even though I'm the technophile member of our Motley Fool Rule Breakers team, I'm often wary of anything that claims to be the Next Big Thing. Maybe I've listened to Carry On Wayward Son from Kansas one too many times. Quoting:
Masquerading as a man with a reason
My charade is the event of the season
And if I claim to be a wise man,
It surely means that I don't know
Translation: If I tell you I'm smart, I'm probably a moron. And anyone who tells you they've invented the Next Big Thing is probably as full of it as Fat Albert at a Vegas buffet.
Now, with all that ... I'm wondering if smartphones really are the Next Big Thing. There's certainly one company that thinks so.
Mastering the art of eating for free
Blame NTP, the royalty hunter that shook down Research In Motion
It'd be easy to chalk this up as opportunistic arm-twisting. An oh-what-the-heck moment from a bunch of NTP lawyers camped in a suburban Virginia conference room. But I don't think the license leeches -- NTP's only identifiable assets are the 50 or so patents it reportedly holds -- are that stupid. I think they've been waiting for this moment for years.
They've been waiting for the smartphone market to really take off.
It has, thanks to Apple
Don't laugh. We know that NTP has an itchy trigger finger. Palm
What's less clear is whether any of them will ever have to pay NTP a dime. The U.S. Patent and Trademark Office had invalidated several NTP patents during its original brouhaha with RIM. Then, in March, a judge stayed proceedings in NTP's case against Palm, citing a review by the USPTO.
Nevertheless, what counts here is timing. Why is NTP suing now?
Apple has shipped just 1 million iPhones, but nearly 1 billion mobile devices -- including both phones and personal digital assistants -- shipped during 2006, according to industry watcher ABI Research. Analysts there say the market will continue to grow at 10% to 12% in 2007, benefiting not just Apple but also Nokia
No wonder NTP is suing. If ABI is correct, there's a massive income stream up for grabs here.
I'm out of the office right now...
I think they're right. Why? Demographics:
Workers are more mobile than ever. A recent study from The Dieringer Research Group found that Americans are 65% more likely to work at home today than they were two years ago.
Kids don't call. Check out your local mall sometime. How many kids are texting their friends? How many more are emailing? Instant messaging? I see it everywhere. These are the soon-to-be 40-year-olds who'll be suing over BlackBerry Thumb.
Forget leaving work at the office. One of my closest friends recently left a job because each time he needed to be away from the office, his boss would say, "No problem, just make sure you're on email." If Dilbert is to be believed, he's hardly alone.
With each passing day our world gets smaller and we're increasingly allowing ourselves to be connected to it. That means email, Web access, SMS, and so on -- every bit of which is being built into the next generation of smartphones. You can bet NTP knows that as well as any of the so-called miscreants it's suing.
In short: Someone better slay this troll before it earns a billion doing nothing.