CEOs of Apple and Samsung will meet to discuss settling patent war
posted by Alan F. / Jan 08, 2014, 10:38 PM
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.
Posts: 910; 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.
posted on Jan 08, 2014, 10:56 PM 9
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).
posted on Jan 08, 2014, 11:03 PM 0
Posts: 6739; 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.
posted on Jan 12, 2014, 10:53 PM 0
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...
posted on Jan 08, 2014, 11:38 PM 0
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.
posted on Jan 09, 2014, 4:04 AM 0
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. :(
posted on Jan 08, 2014, 11:39 PM 0
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