CEOs of Apple and Samsung will meet to discuss settling patent war

CEOs of Apple and Samsung will meet to discuss settling patent war
Like warring Mafia families who are having a meeting attended by the head of each side, the CEOs of Apple and Samsung will meet on or before February 19th to try to work out a settlement relating to their patent issues. Apple CEO Tim Cook and his counterpoint at Korean based Samsung, Oh-Hyun Kwon, will meet accompanied only by each firm's in-house legal teams. The information was disclosed in a court filing on Wednesday. On January 6th, both Apple and Samsung attorneys met to discuss a possible deal.

In 2012, Apple won a S1.05 billion jury verdict against Samsung which was reduced when Judge Lucy Koh vacated $450 million of the verdict after finding inconsistencies with how the jury awarded damages on some devices. In the retrial, Apple was awarded $290 million. A new trial is scheduled for March, featuring more recent devices offered by Samsung including the flagship Samsung Galaxy S4.

While Apple has paid its legal team $60 million just to handle its litigation against Samsung, thus far juries have awarded the Cupertino based firm $930 million dollars. Samsung has not yet paid one cent as various appeals are in motion.

Back in 2012, Cook met with then Samsung CEO Choi Gee-Sung to try to hammer out an agreement before that year's epic patent trial. But Samsung did not want to pay Apple's licensing fees. Hopefully, for the sake of the industry, both sides can hammer out an agreement this time.

source: Reuters

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18 Comments

1. aranauser

Posts: 58; Member since: Jan 07, 2014

this is never ending loop

2. Reluctant_Human

Posts: 913; Member since: Jun 28, 2012

They're going to get to together and laugh at about how much money they're making as CEOs while reading troll comments between Apple and Samsung fans.

9. Trex95

Posts: 2383; Member since: Mar 03, 2013

Hahah true.

12. darkkjedii

Posts: 31105; Member since: Feb 05, 2011

Wowwww! Simply put, that's the post of the year. Can't be topped...

15. Extradite

Posts: 316; Member since: Dec 30, 2013

So both company have drained almost 90million on paying baristers, just for infringing on patents. Everyone takes idears from othets, and implement it to progress it to look and do well.

16. JGuinan007

Posts: 699; Member since: May 19, 2011

I think they are starting to see how much money they are each losing on legal fees paying lawyers that they could be using for development, adding to their bottom line, or giving themselves bonuses.

3. MacWiNux

Posts: 128; Member since: Jan 07, 2014

the never ending patent wars Copy and Paste....

4. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

I doubt Sammy has much motivation to settle, as they haven't had any result from the appeal of the Apple v. Samsung trial verdict. As far as their attorneys are concerned, they have nothing to lose by waiting for a ruling on the appeal. Apple is going to want a license fee in the multiple Billions of U.S. $, so they are too far apart and there is no perception of existential risk on Sammy's part. This is just Kabuki to show that each side is taking the trial seriously (there is a requirement for both sides CEOs to meet before trial).

18. sgodsell

Posts: 7383; Member since: Mar 16, 2013

Apple needs Samsung, but Samsung does not need Apple. Apple currently still buys a number of components off of Samsung. In fact almost all OEMS buy some components off of Samsung. I guess that is why Apple is investing 10 billion on manufacturing.

5. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

I envision two petulant children held after class and forced to spend time together by the teacher, all the while flipping each other off when the teacher isn't looking. Also, I kinda see this as two crotchety old geezers in suits high-five'n and dancing a jig with huge smiles on their faces as they make it rain large denomination bills around each other. All the while flipping everybody else off. Wonder which it is...

10. Taters

Posts: 6474; Member since: Jan 28, 2013

Definitely not the first one since the only child here is Apple. Samsung is doing nothing but defending themselves from a bully trying to take their lunch money. I mean I am surprised people are not bright enough to see this. Samsung has no problem paying Ericsson, Nokia, Microsoft etc for the use of their patents. They would pay Apple too if they actually had something that wasn't prior art. I hope Samsung stands their ground on this unlike HTC that just gave in and empowered them. Google and MS should do more to or at least vocalize that Apple is nothing but a bully rather then just sit there and watch.

13. darkkjedii

Posts: 31105; Member since: Feb 05, 2011

Mmm hmmm.

6. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Is there any company who can win fair play award? Now-a-days these patents wars are flooding the news channels. :(

8. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Apple has its guy at 1600 Pennsylvania Avenue helping where he can. Nothing like pressing a thumb on the scales of justice.

7. Mr_Awesome

Posts: 20; Member since: Jan 02, 2014

That wont last long

11. darkkjedii

Posts: 31105; Member since: Feb 05, 2011

There must be something going on from both sides, to doing something like this

14. DIYEyal

Posts: 5; Member since: Oct 22, 2013

I doubt they will get to a real settlement.. They will just be like a divorcing husband and wife arguing who should get the kids

17. InspectorGadget80 unregistered

Apple need to stop this B.S. Lawsuit against Samsung/Android. This shyt is getting old. But glad they are talking.

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