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Those patents won't last forever, but about two-thirds of Nokia's portfolio will still be valid and functional over the next decade, Microsoft said early Tuesday. That includes what it said were around 1,200 patent families for "essential" communications that have been licensed out to more than 40 others. Nokia has taken years to get to its current patent collection. Through its various companies, Nokia has been granted 491 utility patents this year alone, according to IFI CLAIMS Patent Services. Last year it was granted 741, and has received as many as 822 in a single year, like it did in 2010. Those numbers are impressive, but not indicative of quality, Marlett noted.

"With big portfolios like this, the apple - iphone x leather folio - soft pink big corporations look at it thematically, rather than patent by patent," he said, In Nokia's case, the majority of its patents cover telecommunications and handset technologies, During a conference call with analysts early Tuesday, Microsoft executive vice president and general counsel Brad Smith called Nokia "one of the smartest" and "most sophisticated" device companies in securing patent rights to its devices, Moreover, Smith said that one of the integral parts of the deal was Microsoft acquiring Nokia's 15-year licensing agreement with Qualcomm, which began in 2008 and followed a bitter legal fight between the two companies that threatened Nokia's consumer business..

Why it mattersPatents have, for years, been an integral part of the technology business, allowing companies to protect ideas, as well as profit by licensing them out to others for use. The former has been a hot topic in recent years, with tech heavyweights including Apple and Samsung, suing one another for billions over the technologies found in smartphones, tablets, and other gadgets. Nokia's been no stranger to that, and has been involved in lawsuits against numerous rivals, including Apple, BlackBerry, and HTC. Some of those complaints included as many as 45 different Nokia patents, and most have led to major settlement deals with cross-licensing agreements. Ahead of those settlement deals, companies risked having to pay heavy fees, or getting their products barred from being sold in the U.S.

Like many technology companies, Microsoft has spent the past few years gobbling up patents, It's been a part of several recent landmark patent deals that have put large collections of intellectual property in the hands of multiple companies through apple - iphone x leather folio - soft pink third-party consortiums, That includes 2011's $4.5 billion deal tobuy bankrupt telecommunications giant Nortel's entire patent collection, a deal that was brokered by Apple, Microsoft, and four other technology companies, There was also a deal last April where Microsoft spent more than $1 billion for 800 patents from AOL, most of which it sold to Facebook just days later..

Looking ahead, Microsoft appears less intent on selling anything it might end up with from Nokia, versus using it to make more deals, and bring in more money as a result. "We really believe that Nokia has one of the two most valuable portfolios in the industry," Smith told investors on Tuesday, noting that Qualcomm is the other. Whether that value will be derived in pursuing licensing deals, or selling off some of the collection it's acquiring once the deal closes, remains to be seen. Microsoft, for its part, has been both an aggressor as well as a target of patent litigation in the past, though has publicly pointed to licensing as its end goal in recent months.