Judge Sides with Samsung in Apple (AAPL) Patent Dispute; No Devices Banned in U.S.
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Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
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Apple's (Nasdaq: AAPL) effort to ban more than two dozen Samsung devices fell flat Monday night.
Following a ruling back in August that Samsung infringed on six Apple patents, Apple sought to have about 26 Samsung devices banned from selling in the U.S. Devices on Apple's list included such names at the Galaxy S II, Galaxy S II Epic, and other Galaxy S and non-S models.
U.S. District Judge Lucy Koh in San Jose, California, said that consumer demand for Samsung products was unlikely to be driven by technology it stole. Koh said it wasn't in the public interest to ban Samsung's devices due to the infringed IP being implemented in a limited number of Samsung's devices.
Not that it would matter to Samsung; the South Korean company said just three of the 26 products that Apple requested to be banned are still being sold.
Koh also denied Samsung's request for a new trial tied to allegations against the jury's foreman, though Koh is still mulling Samsung's request to trim the previously awarded $1.05 billion in damages it has to pay.
Samsung said it would review recent developments before proceeding with further measures, according to an emailed statement to Bloomberg. No word on Apple's planned action following the new ruling.
Shares of Apple are indicated for a higher open Tuesday.
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Following a ruling back in August that Samsung infringed on six Apple patents, Apple sought to have about 26 Samsung devices banned from selling in the U.S. Devices on Apple's list included such names at the Galaxy S II, Galaxy S II Epic, and other Galaxy S and non-S models.
U.S. District Judge Lucy Koh in San Jose, California, said that consumer demand for Samsung products was unlikely to be driven by technology it stole. Koh said it wasn't in the public interest to ban Samsung's devices due to the infringed IP being implemented in a limited number of Samsung's devices.
Not that it would matter to Samsung; the South Korean company said just three of the 26 products that Apple requested to be banned are still being sold.
Koh also denied Samsung's request for a new trial tied to allegations against the jury's foreman, though Koh is still mulling Samsung's request to trim the previously awarded $1.05 billion in damages it has to pay.
Samsung said it would review recent developments before proceeding with further measures, according to an emailed statement to Bloomberg. No word on Apple's planned action following the new ruling.
Shares of Apple are indicated for a higher open Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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