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I'm not by any means an expert on patent law, BUT I have a couple of thoughts
1) What is the difference between Pete Speed and literally putting a
derailleur in a box/bike like Alex Morgan did in 1999
(<http://www.g-boxx.org/imgs/10-bcd-racing-3.jpg>)? Not much. That patent may
be worth something defensively but good luck to Hayes if they actually tried
to sue someone for infringement.
2) Hayes isn't exactly dominating any categories any more (their portfolio
includes Hayes brakes, Manitou forks, Sun wheels, and Wheelsmith). Do you
think if someone wanted to partner with them to develope Petespeed or buy it
that they wouldn't be interested?
If there was a will there would be a way.
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