V3Data, Principal, San Diego, CA, USA
The LES mantra of the 1990s was that “Wealth in the 21st Century would be measured in ownership of intellectual property.” Well, the information age is here and we see an increasing number of corporations accumulating wealth based on intellectual property including (Software). We watched Microsoft’s enterprise value pass one quarter of a trillion dollars and annual revenue exceed fifty billion dollars, with much of it due to Software licensing. Yet, we see few line items on their corporate financials touting ownership of intellectual property including Software assets. One is left with the thought, “where’s the beef?”
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