Apple’s (AAPL) Ego Inflates More Than Last Quarter’s Growth
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With a majority of Apple’s (Nasdaq: APPL) court cases falling in favor of the company, management is starting to become a little cocky.
During a court trial on November 18th related to patents which allow for synchronizing email accounts, Apple asked the judge to force Motorola Mobility (NYSE: MMI) to post $2.7 billion in collateral if it wins the suit. Apple said the collateral was necessary in case the decision was reversed later in an appeals court; ie there would be no complications in being compensated for any losses suffered during the process.
The judge said $2.7 billion seemed to be “overly large” and would not likely be necessary.
During a court trial on November 18th related to patents which allow for synchronizing email accounts, Apple asked the judge to force Motorola Mobility (NYSE: MMI) to post $2.7 billion in collateral if it wins the suit. Apple said the collateral was necessary in case the decision was reversed later in an appeals court; ie there would be no complications in being compensated for any losses suffered during the process.
The judge said $2.7 billion seemed to be “overly large” and would not likely be necessary.
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