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TECHNOLOGY & TELECOMMUNICATIONS

From Times Staff and Wire Reports

IBM Reports Record Number of Patents: The company said it won more U.S. patents in 1994 than any company has ever received in a year. Armonk, N.Y.-based International Business Machines Corp. was granted 1,298 patents for information-processing and software-related inventions. “It demonstrates that our technological basis is alive and well,” said Marshall Phelps Jr., vice president of intellectual property and licensing services. IBM made more than $500 million last year by licensing patents to more than 1,000 companies around the world, he said, adding that IBM was the only U.S. company among this year’s top five patent recipients.

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