Fantastic read, Poet has done a great job on this part.

Mr. Balsillie said Apple Inc. and Google Inc. spend more on acquiring intellectual property rights than they do on research and development.

IPR skills are crucial if Canadian companies are to compete internationally, he said, or else they will end up as a “lambs for slaughter” in the global marketplace. “They will never grow and Canada will continue to fall behind at a [national] level.”