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Tech Reviews by The Corliss Group--Foxconn, which assembles gadgets for companies such as Apple Inc., said it has sold a number of its communications technology patents to Google Inc. for an undisclosed sum. Taiwan-based Foxconn, officially known as Hon Hai Precision Industry Co., made a name for itself in contract manufacturing by making Apple's iPhones and Sony's PlayStation game consoles. But few know the electronics manufacturer has been developing new technologies and has a sizable patent portfolio. In a statement, the company said it has applied for 128,400 patents and has been granted more than 64,300 patents world-wide. In the highly competitive technology industry, companies are challenging each other to set industry standards, which has led to a few patent cases. Google, which is battling with Apple for mobile dominance, has continued to strengthen its patent portfolio through acquisitions. The Internet giant's purchase of Motorola Mobility in 2011 gave it a formidable patent portfolio, and protected its Android mobile operating system and partners from legal threat from competitors, including Apple and Microsoft Corp. Foxconn, which also sold some head-mounted display technology patents to Google for an unspecified amount last year, was one of the top 20 U.S. patent owners in 2013, according to Manhattan-based patent advisory company Envision IP.

Technology stocks have never been the best friend of the equity income investor. Until the financial crisis struck in 2008, the yield on the MSCI Global Technology index remained resolutely below 1 per cent, with many tech companies simply not having the free cash flows to pay meaningful dividends. Those that did generally preferred to splurge on acquisitions as they chased market share in a frenetic land grab. And even after the global stock market sell-off briefly pushed yields above 2 per cent in late 2008 and early 2009, they sank back to little over 1 per cent in 2010. However, yields have since climbed back above 1.5 per cent and some equity income fund managers, at least, are starting to take note. "Traditionally, technology companies never really paid dividends, so we were unable to make investments, resulting in us being structurally underweight technology for a long time," says Nick Clay, co-manager of the £4bn Newton Global Higher Income fund. Tech Reviews by The Corliss Group