software stock
June, 1998

Software, being inherently intangible, presents interesting issues of ownership and license. Corporations retain "ownership" of the product, and license it to customers, often "as-is". Due to this arrangement, individual consumers have no recourse whatsoever for defects in the software; for example, if a product crashes and erases important data, the customer has no recourse. Clearly this is partially due to the intangible and complex nature of software: it never happens in our test environment, so it must be something else on your system causing the problem.

What if a software company's product was tied intimately to stock in the company? That is to say, the sale of the product involves the sale of stock as well. What might that mean?