'I'm not going to sit back and let people take what we invented and just copy it,' Sonos CEO Patrick Spence said. 'That's why we've invested in patents.'
Sonos CEO Patrick Spence defended the speaker maker's decision to sue Google over patent infringement.Google denies the allegations made by Sonos.Patrick Spence, president and chief executive officer of Sonos Inc., speaks during a Bloomberg Technology Television interview in San Francisco, California, U.S., on Monday, Feb. 11, 2019.CEO Patrick Spence told CNBC on Thursday that the speaker maker's decision to sue Google over patent infringement was born of necessity.
"I'm not going to sit idly by because there's real value" in our patented technology, Spence said on ""That's not the way it should work in America for a small innovative company. At the end of the day, we went out. We did the work," he said. "I owe it to everybody at Sonos to stand up for our innovation and protect what we invented.". The stock also hit a 52-week high of $16.
In particular, the lawsuit claims Google obtained knowledge of Sonos technology in 2013, when the two companies collaborated to bring Google's streaming music service to Sonos speakers. "However, just two years later in 2015, Google began willfully infringing Sonos's patents when it launched its first wireless multi-room audio product, Chromecast Audio," claims the lawsuit, which was filed in Los Angeles.
In a statement in January, Google disputed the allegations, saying that "over the years, we have had numerous ongoing conversations with Sonos about both companies' IP rights and we are disappointed that Sonos brought these lawsuits instead of continuing negotiations in good faith.
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