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  • $1 Billion in Damages May Just Be The Start of Samsung's Penalty


    The news just keeps getting worse for Samsung.

    On Friday, a jury ruled in favor of Apple and awarded the tech giant $1 billion in damages stemming from Samsung's alleged willful violation of the iDevice-maker's patents and intellectual property. As a natural consequence of this devastating blow to Samsung, traders on Wall Street are punishing the company mercilessly today.

    As MMi reported this morning, shares of Samsung are getting battered in the largest single-day decline in nearly five years. Unfortunately for the prominent maker of hardware for Android devices, the pain may have only just arrived.

    In addition to the unsettled possibility that Samsung may be compelled to pull many of its products from the shelves, Android may similarly be forced to fork over a pretty penny in response to every smartphone or tablet device running Android that Samsung has already sold in the past or will sell in the future.

    "In our opinion," one analyst from Wells Fargo observes, "the court system has been a key lever in a company's ability to gain a more favorable position over a competitor in negotiations (i.e., for patent royalties). We believe this is a strong first step for Apple in its patent war and believe Apple is likely to file for an injunction to stop Samsung from selling its infringing products in the US."

    "However," the report published Monday continues, "regardless of whether an injunction is granted, we expect Samsung to appeal the decision and ask for a stay of an injunction, if one is granted. If Apple is successful to conclusion, we believe it could result in a significant royalty stream, all else equal in Samsung's share."

    Let's also not forget that US District Court Judge Lucy Koh - who had previously given Apple and Samsung numerous attempts to work this matter out amicably - has within her power the ability to award triple damages to Apple in response to the "willful infringement" that was allegedly perpetrated by Samsung against Apple.

    Not surprisingly, on Monday, a fresh set of Wall Street watchers stepped-up their estimates for how high shares of AAPL will go in the near term. As of this writing, Apple continues its record climb on NASDAQ, trading well above $676 today.

    Source: Fortune
    This article was originally published in forum thread: $1 Billion in Damages May Just Be The Start of Samsung's Penalty started by Michael Essany View original post
    Comments 53 Comments
    1. Bluprint's Avatar
      Bluprint -
      WOW it has gotten worse for Samsung. It has to be an unprecedented judgment in a patent trial.
    1. unison999's Avatar
      unison999 -
      The judgement is going to be appealed, it may be nothing at all.
      Until it goes all the way to Supreme Court one can never tell.
      Also because of this there is a legislation going through congress trying to change the present law.
      Currently:
      You can prove you are first to invent something with notes/emails etc that was dated and able to prove the dating.
      Change:
      First one to go to patent office to patent the invention.

      Meaning even if you invented something, if you did not go to patent office you did not invent it. Basically it is changing the law to better help entity like Apple who patents the hell out of anything and everything. This is just wrong, America is becoming less and less the country I want to live in.
    1. Slimz's Avatar
      Slimz -
      "the court system has been a key lever in a company's ability to gain a more favorable position over a competitor in negotiations (i.e., for patent royalties)."


      This statement right here is whats wrong with this. Courts should have no infringement into free enterprise. None. The statement is not pointing at Apple, or Microsoft or any other company. It blankets the court system and the system in general.
    1. Luie82's Avatar
      Luie82 -
      Quote Originally Posted by unison999 View Post
      The judgement is going to be appealed, it may be nothing at all.
      Until it goes all the way to Supreme Court one can never tell.
      Also because of this there is a legislation going through congress trying to change the present law.
      Currently:
      You can prove you are first to invent something with notes/emails etc that was dated and able to prove the dating.
      Change:
      First one to go to patent office to patent the invention.

      Meaning even if you invented something, if you did not go to patent office you did not invent it. Basically it is changing the law to better help entity like Apple who patents the hell out of anything and everything. This is just wrong, America is becoming less and less the country I want to live in.
      Then Move!!!!
    1. Just Dummy's Avatar
      Just Dummy -
      There all made in China by slave labor anyways so what's the difference.
    1. unison999's Avatar
      unison999 -
      Quote Originally Posted by Luie82 View Post
      Then Move!!!!
      I guess you see nothing wrong with this. I hope you come up with something new and corporate entity steals your idea.
    1. ishamiyal's Avatar
      ishamiyal -
      Quote Originally Posted by Luie82 View Post
      Then Move!!!!
      +1 to this

      As somebody that has spent 7-8 years with the military in the Middle East, these comments really bother me. It's not because people don't have the right to feel that way and say they don't want to live in the U.S. (which is IN N. America), but because they do have those right's and largely don't appreciate it. Because they never paid for it, it was given to them.

      Sure, the U.S. has its problems - not the least of which are ignorant, unappreciative citizen's that contribute nothing to the country that bestows those freedoms on them, but it's still the best country on the planet, in history. If you don't believe that, you have clearly never lived outside the US to understand the freedoms you enjoy- and I don't mean spending 10 days in some tourist trap or college exchange program. If you don't like what you see in the U.S., as a citizen you have the right to try and change it. Ask the people in Syria, Egypt, Tunisia, Libya, etc. if they would like to trade places with you here in the U.S.
    1. daviedave's Avatar
      daviedave -
      Quote Originally Posted by ishamiyal View Post
      +1 to this

      As somebody that has spent 7-8 years with the military in the Middle East, these comments really bother me. It's not because people don't have the right to feel that way and say they don't want to live in the U.S. (which is IN N. America), but because they do have those right's and largely don't appreciate it. Because they never paid for it, it was given to them.

      Sure, the U.S. has its problems - not the least of which are ignorant, unappreciative citizen's that contribute nothing to the country that bestows those freedoms on them, but it's still the best country on the planet, in history. If you don't believe that, you have clearly never lived outside the US to understand the freedoms you enjoy- and I don't mean spending 10 days in some tourist trap or college exchange program. If you don't like what you see in the U.S., as a citizen you have the right to try and change it. Ask the people in Syria, Egypt, Tunisia, Libya, etc. if they would like to trade places with you here in the U.S.
      I appreciate your service in the Middle East, but not all countries have sectarian governments ask France, Belgium, Britain, Finland, Switzerland etc etc.

      America is so wonderful that I am at liberty to say that I hate many things about this country and still nobody can or will force me out. If I complain about any aspect of my American life, I am not appreciating this country less, I am simply exercising my right to express my freedom of speech. America, like many other European countries, have liberties and rights other countries do not, but if I or anyone else believes something is broken in this country, like the US patent system, I/ we can complain about it.

      As much as I appreciate military service, get off your high horse America is great but citizens of other countries enjoy their homeland. What makes you think the original poster doesn't appreciate his/her rights? S/he is simply exercising them.

      FYI I've lived in China (capitalistic dictatorship/ quasi-communist, corrupt), Bolivia (republic democracy, corrupt), Guatemala (republic democracy, corrupt) and Ecuador (see Bolivia, Guatemala), and people from these countries love how and where they were raised. It's easy to appreciate their quality of life once you put your gun down and stop being so close-minded.
    1. jOnGarrett's Avatar
      jOnGarrett -
      Q. what do you do if a competitor has better products than you and a market share 4 times the size of yours?

      A) first, file for patents for things you did NOT invent (slide to unlock, tablets, smart phones, touch screen tablets and smart phones)
      B) then file for patents for an idea you did NOT come up with (app store)
      C) take advantage of a weak and incompetent patent office and abuse it like $2 mule.
      D) sue the company that sells 4 times as many phones as you do and more than twice as many smart phones.
      E) All of the above.
    1. Mrteacup's Avatar
      Mrteacup -
      Oh a company losing a large fortune will cause more than just money loss!? NO WAY!
    1. kbcox0327's Avatar
      kbcox0327 -
      Quote Originally Posted by ishamiyal View Post
      +1 to this

      As somebody that has spent 7-8 years with the military in the Middle East, these comments really bother me. It's not because people don't have the right to feel that way and say they don't want to live in the U.S. (which is IN N. America), but because they do have those right's and largely don't appreciate it. Because they never paid for it, it was given to them.

      Sure, the U.S. has its problems - not the least of which are ignorant, unappreciative citizen's that contribute nothing to the country that bestows those freedoms on them, but it's still the best country on the planet, in history. If you don't believe that, you have clearly never lived outside the US to understand the freedoms you enjoy- and I don't mean spending 10 days in some tourist trap or college exchange program. If you don't like what you see in the U.S., as a citizen you have the right to try and change it. Ask the people in Syria, Egypt, Tunisia, Libya, etc. if they would like to trade places with you here in the U.S.

      While you have been overseas there are quite a few things you may have missed. http://postmasculine.com/america

      While you have assuredly been told (& naively believed) that you have been fighting for the freedoms we enjoy in America, you couldn't be any further from the truth. http://www.outsidethebeltway.com/a-decade-of-lost-freedom/

      What YOU should "ask the people in Syria, Egypt, Tunisia, Libya, etc." is if they wanted the U.S. terrorist (military) presence in their country to begin with & what the actual root of their problems are. I would say, "take a guess" but you're obviously better at being told what to think. If you could hold off on patting yourself on the back for two minutes you might be able to see this article invokes many nationalistic emotions for the way things used to be & the way they still should be.
    1. NewdestinyX's Avatar
      NewdestinyX -
      I, for one, am glad Samsung is getting their @ss beat for this. Patents are patents and ideas are copyrightable right down to the graphics of a rounded square for an app icon. Since the early 80's Apple was innovating and others, like Microsoft, were copying/stealing (Windows - a blatant steal from Apple originally). MS will never be sued by Apple for obvious reasons. But this sends a message. An important one in my view.
    1. trek-life's Avatar
      trek-life -
      Anyway, back to the actual subject.

      These things happen in the world of business and billions. Where I have a mixed opinion about the nature of the lawsuit. I can say that Samsung was pretty deliberate in their campaign and all out attacks on Apple and their consumers. I'm sure this was about more than just infringement as there are other products out there that were much more deliberate in copying.
    1. kyphur's Avatar
      kyphur -
      Quote Originally Posted by NewdestinyX View Post
      I, for one, am glad Samsung is getting their @ss beat for this. Patents are patents and ideas are copyrightable right down to the graphics of a rounded square for an app icon. Since the early 80's Apple was innovating and others, like Microsoft, were copying/stealing (Windows - a blatant steal from Apple originally). MS will never be sued by Apple for obvious reasons. But this sends a message. An important one in my view.
      I would really recommend you learn a little tech history, google Palo Alto Research Center & Xerox....

      It's from PARC that the vast majority of Apple's "innovations" came. Both windows and apples graphical OS are copies of Xerox's UI, even the mouse, networking and laser printers came from PARC.
    1. Breezer23's Avatar
      Breezer23 -
      And this is good for the consumer how? Such meaningless patents are worth this much how? Good for Apple, they are trying to become what they never were in the PC market - a monopoly.

      I have enjoyed reading the stories about people NOW thinking Samsung is the same as Apple and buying Samsung products to save money.

      Regardless of the outcome, I don't see this being a huge long term deal for Samsung. They have already i n the past few years, began moving away from using these features anyway. Many argue, they are now making better products then Apple (Minus the plastic chassis's).

      The jury's remarks after the case was over as well as the head juror are interesting and I'm sure Samsung will be quick to point them out on appeal. This will make it to the Supreme Court.
    1. hogcia's Avatar
      hogcia -
      Quote Originally Posted by Michael Essany View Post
      We believe this is a strong first step for Apple in its patent war and believe Apple is likely to file for an injunction to stop Samsung from selling its infringing products in the US."
      They really mean, to stop Samsung from WORLD domination. slick move apple.
    1. Dark_Ninja's Avatar
      Dark_Ninja -
      Quote Originally Posted by NewdestinyX View Post
      I, for one, am glad Samsung is getting their @ss beat for this. Patents are patents and ideas are copyrightable right down to the graphics of a rounded square for an app icon. Since the early 80's Apple was innovating and others, like Microsoft, were copying/stealing (Windows - a blatant steal from Apple originally). MS will never be sued by Apple for obvious reasons. But this sends a message. An important one in my view.
      Dude for real? You need to look at apples history. They have been stealing ideas since the 80's. They went bankrupt in the 90's but Microsoft bailed them out. Apple has been blatantly stealing others ideas and claiming them. I for one do love my apple products, I have at least one of each lol. However I am no fanboy. I do see both sides of the fence. I do not see me moving to something else soon but apple is no angel and is not the most innovative company as most fanboys believe. They have changed the cellphone market but they used others ideas to do it.
    1. 1shuttle1's Avatar
      1shuttle1 -
      Good read. This verdict is far from settled.
    1. mortopher's Avatar
      mortopher -
      mod edit; quote removed.



      If you're going to try and rip someone apart, then you may want to learn how to spell so that you don't look like a drunken fool.

      As far as this article is concerned, there is very little doubt in my mind that this ruling will stand. Either way, it's going to be a long long time before Apple sees a dime (if at all).