The paper presents an empirical study on the relationship between academic researchers' patenting and publishing activities, based upon a sample of patent applications and scientific papers authored by Italian university professors. By treating patents as discrete events punctuating professors' routine publishing activity over time, we conclude that no major trade-off exists: academic inventors do not publish less than their colleagues with no patents, and do not show any bias towards more applied, less basic science. On the contrary, more productive professors are more likely to end up signing one or more patents; in addition, a temporary increase in a professor's scientific productivity increases the probability of a subsequent patenting ...