the WIN bid has been a real kick in the pants!Mosaid Technologies Inc. has sold five patent families for $11-million (U.S.) to an unnamed buyer. "With the ever-increasing awareness in the marketplace of the value of patented intellectual property, the sale of non-strategic patents and applications has become a more important element of our patent monetization strategy," said Phil Shaer, vice-president, general counsel and corporate secretary, Mosaid. The five patent families, which were not generating current licensing revenues, consist of United States patents and applications, and foreign counterparts. Mosaid will collect payment for the patents over several quarters, with the revenue being recognized as amounts become due.