Apple (AAPL) Rests Its Case as High Stakes Courtroom Drama Unfolds
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BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
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Apple Inc (Nasdaq: AAPL) wrapped up its case against tech rival Samsung today. The trial is the latest round of sparing for the two tech titans as they battle for the title of top dog in the $219 billion smartphone market. The latest round takes the two companies out of the more familiar arena of technology into the dog-eat-dog world of corporate law, in the most high profile case to hit the courts in years.
The suit began in April of 2011 when Apple accused Samsung of violating patents and blatantly ripping off Apple's designs. Samsung launched a countersuit, and the situation has been slowly brewing for years, eventually landing in the courtroom.
During the trial, Apple patent licensing director, Boris Teksler, said that licenses offered to Microsoft, the maker of the software operating Samsung's smartphone, was granted with an "anti-cloning" clause, which prevented Mircosoft from releasing products that look like the iPhone and iPad. He also said Apple never licensed many of the patents that give Apple products their unique look and feel. Essentially, these licenses were stolen, according to Apple.
Next up, Samsung will take the plate, and they have their own story to tell. Specifically, insiders say they plan to prove that Apple itself is a "clone", or more to the point, technology by nature is a "clone" on previous technologies and ideas and that Apple doesn't have a right to claim ownership to the innovation it claims to have created. Samsung is expected to begin making its case within days.
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The suit began in April of 2011 when Apple accused Samsung of violating patents and blatantly ripping off Apple's designs. Samsung launched a countersuit, and the situation has been slowly brewing for years, eventually landing in the courtroom.
During the trial, Apple patent licensing director, Boris Teksler, said that licenses offered to Microsoft, the maker of the software operating Samsung's smartphone, was granted with an "anti-cloning" clause, which prevented Mircosoft from releasing products that look like the iPhone and iPad. He also said Apple never licensed many of the patents that give Apple products their unique look and feel. Essentially, these licenses were stolen, according to Apple.
Next up, Samsung will take the plate, and they have their own story to tell. Specifically, insiders say they plan to prove that Apple itself is a "clone", or more to the point, technology by nature is a "clone" on previous technologies and ideas and that Apple doesn't have a right to claim ownership to the innovation it claims to have created. Samsung is expected to begin making its case within days.
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LOL
Funny bone on Aug 13, 2012 05:53 PMMark as Spam | Reply to this comment
Violating patients...that was so wrong, ans so funny XD