[LINK] Code Red puts Microsoft in hot seat
Mon, 6 Aug 2001 20:15:35 +1000
Craig Sanders wrote:
> why is software an "intangible"?
Packaged software is very tangible. But it makes some sense for the
"software" to be distinguished (abstracted) from the packaging and
media, and then maybe that abstraction is intangible...
> for that matter, why are electricity and gas "intangibles"?
I know an electrical engineer who gave expert evidence on this.
I think the theory is that mains electricity is a service and not a
"product" because (with AC current) it's not clear that there are even
any electrons being exchanged. Gas, on the other hand, is surely 100%
and unequivocably a tangible product, even if low temperatures and
high pressures are needed to get it into touchable form.
> i thought that "intangibles" were things like "good will" and
> "reputation", or things that don't have a precise dollar value.
I suspect the legal definition goes by physical "touchability",
along with the Latin derivation of "tangible".