There's a certain irony in the fact that Trading
Technologies' first use of their new patents was to sue Espeed,
seeing as how Espeed have been doing the same thing with the
Wagner patent for years. Of course, TT are quick to point out
that the circumstances are totally different because they
developed the technology they've patented (exchange traded
contracts for future delivery of a product, or some such
revolutionary breakthrough), while Espeed just bought theirs.
Even so, it's not hard to predict how the fan clubs are going
to split up. Backing Espeed, one can see a whole bunch of ISVs,
fearful that they might be the next to receive Harris
Brumfield's writ, which I am told should be filed under the
legal definition 'All Your Base Are Belong To Us' (thanks again
to my son Sebastian for that curious phrase). Behind TT could
be various smirking US exchanges, keen to see Espeed get a
taste of its own litigious medicine. But they might not get
their preferred outcome: one interested party told me that he
expects Espeed boss Howard Lutnick "to whip Harris Brumfield's
arse". I can only hope he meant in court. Mainly, though,
the consensus seems to be that we're in for a whole lot of
shenanigans that are going to be, to use a word several people
have suggested to me, "fun". I only hope they still think that
when we're all living under the reign of Earth President Harris
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