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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. NewdestinyX's Avatar
      NewdestinyX -
      Quote Originally Posted by Dark_Ninja View Post
      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.
      You have a very revisionist history view there, friend. You couldn't be more wrong. There are only a handful of true innovators in the tech world. Jobs was one. So was Gates with DOS. All props due him. But Windows was a direct rip from Apple. No objective consideration of the issue can refute that. But let's not get too off topic.

      This call by the jury was completely correct. And no way it'll get anywhere near Supreme court. It's cut & dried patent infringement which has well established precedent.
    1. ishamiyal's Avatar
      ishamiyal -
      Quote Originally Posted by daviedave View Post
      I appreciate your service in the Middle East, but not all countries have sectarian governments ask France, Belgium, Britain, Finland, Switzerland etc etc.

      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.
      1. The point of the post was to express appreciation for living in a great country that has done many great things not only for the world, but for it's own people. I said we had our problems, and I would expect other people in great countries to express patriotism for their nation as well. I have worked with people from and been to many of the countries you mentioned and like them very much- but I wouldn't trade places.

      2. What makes me think the poster doesn't appreciate the freedoms he/she has is the statement they made wishing to leave. Pleas get off your own high horse.
    1. txprestige's Avatar
      txprestige -
      Quote Originally Posted by kyphur View Post
      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.
      You might want to brush up on your history, yourself. Apple had an agreement with Xerox that allowed unprecedented access to review and utilize Xerox technology because Xerox did not see a market for its own developments. Apple was able to develop its graphical UI based on this arrangement. Gates, on the other hand, blatantly stole Apple design for his own Windows OS through on his access to Apple while developing Office.

      I'm not arguing the point about Xerox innovation. Still, there is a distinction here. Apple deployed technology it was approved to use. Microsoft, on the other hand, looked over Apple's shoulder and copied without permission. Gates has openly admitted as much. It's probably the most successful corporate espionage ever undertaken.

      Good on Apple for not letting it happen again.
    1. mortopher's Avatar
      mortopher -
      Quote Originally Posted by txprestige View Post
      You might want to brush up on your history, yourself. Apple had an agreement with Xerox that allowed unprecedented access to review and utilize Xerox technology because Xerox did not see a market for its own developments. Apple was able to develop its graphical UI based on this arrangement. Gates, on the other hand, blatantly stole Apple design for his own Windows OS through on his access to Apple while developing Office.

      I'm not arguing the point about Xerox innovation. Still, there is a distinction here. Apple deployed technology it was approved to use. Microsoft, on the other hand, looked over Apple's shoulder and copied without permission. Gates has openly admitted as much. It's probably the most successful corporate espionage ever undertaken.

      Good on Apple for not letting it happen again.
      Actually, go look up the licensing agreement(s) Apple had with Microsoft surrounding Windows 1.0.
    1. kyphur's Avatar
      kyphur -
      Quote Originally Posted by txprestige View Post
      You might want to brush up on your history, yourself. Apple had an agreement with Xerox that allowed unprecedented access to review and utilize Xerox technology because Xerox did not see a market for its own developments. Apple was able to develop its graphical UI based on this arrangement. Gates, on the other hand, blatantly stole Apple design for his own Windows OS through on his access to Apple while developing Office.

      I'm not arguing the point about Xerox innovation. Still, there is a distinction here. Apple deployed technology it was approved to use. Microsoft, on the other hand, looked over Apple's shoulder and copied without permission. Gates has openly admitted as much. It's probably the most successful corporate espionage ever undertaken.

      Good on Apple for not letting it happen again.
      http://www.xconomy.com/san-francisco...n-works-today/

      Quote Originally Posted by NewdestinyX View Post
      You have a very revisionist history view there, friend. You couldn't be more wrong. There are only a handful of true innovators in the tech world. Jobs was one. So was Gates with DOS. All props due him. But Windows was a direct rip from Apple. No objective consideration of the issue can refute that. But let's not get too off topic.

      This call by the jury was completely correct. And no way it'll get anywhere near Supreme court. It's cut & dried patent infringement which has well established precedent.
      Your whole statement is invalidated by your belief that Gates inovated with DOS, he infact legally maneuvered DOS out of the hands of the guy who did write it. The guy basically sold DOS to gates for a few thousand in cash and unlimited licensing (he could include it with systems he built/sold. There was in fact a lawsuit by Microsoft when the guy tried to sell/transfer his license as part of selling his now otherwise worthless business where the transfer was blocked as the licnse was non-transferable. Please read up on the subject.
    1. javiert30's Avatar
      javiert30 -
      I have a baaaad feeling for Samsung about this. You will see
    1. kyphur's Avatar
      kyphur -
      Apple needs to remember that the US requires competition, just ask Microsoft & "Ma Bell"...

      That's one of the reasons Microsoft infused Apple with cash in the 90's that kept them afloat until the iPod revolution saved thier bacon.
    1. hogcia's Avatar
      hogcia -
      Quote Originally Posted by kyphur View Post
      Apple needs to remember that the US requires competition, just ask Microsoft & "Ma Bell"...

      That's one of the reasons Microsoft infused Apple with cash in the 90's that kept them afloat until the iPod revolution saved thier bacon.
      Yup. & I bet that if it was the other way around and Microsoft needed help Today, apple would just let them die. They have demonstrated to be that kind of company, evil.
    1. Luie82's Avatar
      Luie82 -
      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.
      Thank you for your service, As someone who also served in the Military it pisses me off to hear people ***** about the country i put my *** on the line for in Iraq. I completely agree with you on every aspect.
    1. NewdestinyX's Avatar
      NewdestinyX -
      Quote Originally Posted by kyphur View Post

      Your whole statement is invalidated by your belief that Gates inovated with DOS, he infact legally maneuvered DOS out of the hands of the guy who did write it. The guy basically sold DOS to gates for a few thousand in cash and unlimited licensing (he could include it with systems he built/sold. There was in fact a lawsuit by Microsoft when the guy tried to sell/transfer his license as part of selling his now otherwise worthless business where the transfer was blocked as the licnse was non-transferable. Please read up on the subject.
      It's you who need to brush up. You've made so many factually erroneous or misleading statements here - I won't go on with you. You can't debate with someone using different facts.

      And Apple versus MS is off topic anyway.

      And Jobs innovated iMac, iPod, iPhone and iPad - so lets never question his innovating chops. Apple 'invented' the very "idea" of a tablet. No Xerox in that equation.

      Back to the topic: the thieves: Samsung! ;-)
    1. mortopher's Avatar
      mortopher -
      Quote Originally Posted by NewdestinyX View Post
      It's you who need to brush up. You've made so many factually erroneous or misleading statements here - I won't go on with you. You can't debate with someone using different facts.

      And Apple versus MS is off topic anyway.

      And Jobs innovated iMac, iPod, iPhone and iPad - so lets never question his innovating chops. Apple 'invented' the very "idea" of a tablet. No Xerox in that equation.

      Back to the topic: the thieves: Samsung! ;-)
      Wrong again: http://en.wikipedia.org/wiki/History...blet_computers
    1. oddphone20's Avatar
      oddphone20 -
      Quote Originally Posted by daviedave View Post
      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
    1. daviedave's Avatar
      daviedave -
      Quote Originally Posted by ishamiyal View Post
      1. The point of the post was to express appreciation for living in a great country that has done many great things not only for the world, but for it's own people. I said we had our problems, and I would expect other people in great countries to express patriotism for their nation as well. I have worked with people from and been to many of the countries you mentioned and like them very much- but I wouldn't trade places.

      Whatever dude.

      2. What makes me think the poster doesn't appreciate the freedoms he/she has is the statement they made wishing to leave. Pleas get off your own high horse.
      ...
    1. kyphur's Avatar
      kyphur -
      Quote Originally Posted by NewdestinyX View Post
      It's you who need to brush up. You've made so many factually erroneous or misleading statements here - I won't go on with you. You can't debate with someone using different facts.
      http://en.m.wikipedia.org/wiki/Seatt...ucts#section_1
    1. NewdestinyX's Avatar
      NewdestinyX -
      Quote Originally Posted by mortopher View Post
      RPFL!! Boy you're really reaching at straws!!

      What can I say... Maybe you never learned this principle: Innovation = idea and the abilty to bring it to completion and to be accepted by a market. Innovation isn't just a 'dream'. If it were - we could say daVinci 'innovated' all our modern technology. Nuff said.
    1. kyphur's Avatar
      kyphur -
      Quote Originally Posted by mortopher View Post
      Ha ha ha, Microsoft swung and missed with the tablet 11 years BEFORE the iPad. Even if Apple was working on the concept since 2002/2005 M$ still (re)invented it before Apple.

      It's the same with the iPhone, Windows Mobile Phones have been around since before 2003 and were already evolving towards onscreen keyboard, fewer hardware buttons and larger screen.

      Nothing on Apple's tree has truly been new and original since Woz built the Apple 1...

      I give Apple credit that they are very skilled when it comes to combining existing things Into something better and marketing the resulting product but thier success in on the backs of others.
    1. HCWHunter's Avatar
      HCWHunter -
      Quote Originally Posted by kyphur View Post
      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.
      Yes, Apple got several ideas (but not "the vast majority" if their innovations) about the GUI from PARC, but they paid for the ideas with stock options with which Xerox made millions. Xerox could have made millions more if they hadn't sold their Apple stock so soon. I'm so tired of seeing and hearing ignorant comments about Apple stealing ideas from Xerox.
    1. NewdestinyX's Avatar
      NewdestinyX -
      Quote Originally Posted by kyphur View Post
      Ha ha ha, Microsoft swung and missed with the tablet 11 years BEFORE the iPad. Even if Apple was working on the concept since 2002/2005 M$ still (re)invented it before Apple.

      It's the same with the iPhone, Windows Mobile Phones have been around since before 2003 and were already evolving towards onscreen keyboard, fewer hardware buttons and larger screen.

      Nothing on Apple's tree has truly benn new and original since Woz built the Apple 1...

      I give Apple credit that they are very skilled when it comes to combining existing things Into something better and marketing the resulting product but thier success in on the backs of others.
      Such laughable nonsense.

      Quote Originally Posted by HCWHunter View Post
      Yes, Apple got several ideas (but not "the vast majority" if their innovations) about the GUI from PARC, but they paid for the ideas with stock options with which Xerox made millions. Xerox could have made millions more if they hadn't sold their Apple stock so soon. I'm so tired of seeing and hearing ignorant comments about Apple stealing ideas from Xerox.
      You just can't 'teach' some people. :-) Microsoft has never innovated a single thing except DOS. Everything else's been a steal. Even the 'cloud'. And to try and say the Windows phones were a precursor to the iPhone is just laughable. They weren't even remotely like the iPhone in terms of GUI. The iPhone was all Steve. But this'll be a circular argument until the cows come home. Useless.
    1. kyphur's Avatar
      kyphur -
      Quote Originally Posted by HCWHunter View Post
      Yes, Apple got several ideas (but not "the vast majority" if their innovations) about the GUI from PARC, but they paid for the ideas with stock options with which Xerox made millions. Xerox could have made millions more if they hadn't sold their Apple stock so soon. I'm so tired of seeing and hearing ignorant comments about Apple stealing ideas from Xerox.
      Did I say they stole it? Maybe you need reading lessons. I never heard Apple 'paid' Xerox but it's irrelevant as I never accused them of that.

      Quote Originally Posted by NewdestinyX View Post
      You just can't 'teach' some people. :-) Microsoft has never innovated a single thing except DOS. Everything else's been a steal. Even the 'cloud'. And to try and say the Windows phones were a precursor to the iPhone is just laughable. They weren't even remotely like the iPhone in terms of GUI. The iPhone was all Steve. But this'll be a circular argument until the cows come home. Useless.
      Really, Jobs just magically dreamed up the iPhone without ever having seen another smartphone? Windows Mobile was itself menu based but there were countless 'desktops' that were available to replace the 'today screen' with an icon based interface BEFORE the iPhone was released. You see WinMo has always allowed users to customize the UI.

      Microsoft has 'innovated' in the same ways as Apple, by taking others' ideas and packaging them together.
    1. rlirph's Avatar
      rlirph -
      As a US expat working in China for five years I have seen local manufacturers copy other's design to make profit. The practice is widespread and prevailing.

      Our US company spends money in designing the product. Before the can be made our company spends an additional US$5-$15K per product for mold. Local contract manufacturers would turn around and use our mold to make the same products and sell them to our competitors in the US. Since our competitors do not have to pay for the product design and mold their costs are much lower than ours. I used to work in the garment industry and it is the same way.

      Most(99%) Asian companies work in similar fashion, including the ones from Korea. Please remember the Chairman of Samsung was released from jail several years ago for bribing the President's assistant who I think is the conduit for their President. I never understand why our fellow Americans would support an oversea company who steals from an US company...