Proview's creditors claim they now own the IPAD trademark
As a result, the banks issues a joint statement this week, which included the claim that Proview’s trademarks now belong to them, and as such the IPAD trademark dispute was now “essentially between Apple and the eight banks.”
Who says fate doesn’t have a sense of humor? This wouldn’t let Apple off the hook (assuming that the final verdict rules against Apple, which may not happen), but it’s starting to look like Proview won’t be able to benefit from any potential settlement or ruling they are able to extract. Also, fair or not, this turn of events strongly reinforces the perception that Proview was a desperate company trying to get some fast cash from Apple, rather than one legitimately protecting its IP.
Of course if Apple announces the iSlate HD today you’ll know that Proview’s (or rather, Proview’s Banks’) position is stronger than we thought. But that doesn’t seem very likely to happen.
source: WSJ via electronista
3. Droid_X_Doug (Posts: 4732; Member since: 22 Dec 2010)
It all depends on Chinese bankruptcy law....
4. -box- (Posts: 3470; Member since: 04 Jan 2012)
Well, if the banks are going to be more ferocious and greedy about it than proview, more power to them, but only if they'll be successful
5. roscuthiii (Posts: 1602; Member since: 18 Jul 2010)
Fubon of Taiwan huh? How funny would it be if HTC was actually the driving force behind behind the suit and Fubon was a false front like the company Apple used to buy the iPad trademark.
6. steelicon (Posts: 302; Member since: 02 Apr 2011)
What do you mean "if"? ALL banks, by nature, are ferocious and greedy. Bad luck for Apple, LMFAO!