Apple (AAPL) Gets Unfavorable Ruling in Effort to Obtain Android Development Info (GOOG) (MMI)
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Price: $169.02 +1.27%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
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Apple (Nasdaq: AAPL) ticked higher Tuesday afternoon following an report from Bloomberg which might initially be seen as a negative to investors.
According to Bloomberg, Apple didn't get a favorable ruling in an effort to get Motorola Mobility (NYSE: MMI) to turn over data related to Google's (Nasdaq: GOOG) Android operating system development.
Richard Posner, the U.S. Circuit Court Judge overseeing back-to-back patent trials of Apple against Motorola, said, "The motion is vague and overbroad and Motorola’s objections are persuasive."
Apple filed the motion ahead of Google getting approval for its $12.5 billion acquisition of Motorola Mobility. In the deal, Google would also get about 17,000 patents held by Motorola.
Bloomberg also noted that a Motorola attorney emailed an Apple attorney objecting to the scope of some of Apple's information requests, to which Judge Posner said, "If Apple desires a further court order compelling production of data within the scope of the March 5 order...it will have to narrow its request to a manageable and particularized set of documents."
Shares of Apple are up 0.2 percent on the session after being down most of the day.
According to Bloomberg, Apple didn't get a favorable ruling in an effort to get Motorola Mobility (NYSE: MMI) to turn over data related to Google's (Nasdaq: GOOG) Android operating system development.
Richard Posner, the U.S. Circuit Court Judge overseeing back-to-back patent trials of Apple against Motorola, said, "The motion is vague and overbroad and Motorola’s objections are persuasive."
Apple filed the motion ahead of Google getting approval for its $12.5 billion acquisition of Motorola Mobility. In the deal, Google would also get about 17,000 patents held by Motorola.
Bloomberg also noted that a Motorola attorney emailed an Apple attorney objecting to the scope of some of Apple's information requests, to which Judge Posner said, "If Apple desires a further court order compelling production of data within the scope of the March 5 order...it will have to narrow its request to a manageable and particularized set of documents."
Shares of Apple are up 0.2 percent on the session after being down most of the day.
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