+ Reply
Page 1 of 2 12 LastLast
Results 1 to 20 of 25

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Slammed With $368 Million Settlement For Infringing on Network Patents

is a discussion within the

iPhone News

forums, a part of the

General iPhone

section;
...
  1. #1
    MMi Staff Writer Phillip Swanson's Avatar
    Join Date
    Apr 2011
    Location
    Michigan
    Posts
    1,342
    Thanks
    0
    Thanked 79 Times in 46 Posts

    Default Apple Slammed With $368 Million Settlement For Infringing on Network Patents


    Apple found themselves on the wrong side of a $368 million damages claim today.

    A Texas court ordered Apple to pay $368.2 million in damages to patent holding and security software company VirnetX today. VirnetX filed suit against Apple for violating network patents the company holds and originally asked for $900 million in damages.

    VirnetX is a bonafide patent troll. The company has a history of suing major tech companies for patent infringement. VirnetX originally patented technologies used in creating virtual private networks over the Internet. VirnetX, being the first one to the trough leveraged their patents against companies like Microsoft ($200 settlement) and now other companies like Avaya, Cisco, and Apple are dealing with lawsuits.

    VirnetX isnít just satisfied with their latest win against Apple. VirnetX is leveraging a similar patent in a U.S. International Trade Commission investigation that if ruled against Apple would prevent Apple from importing their devices to the U.S. Obviously VirnetX would rather Apple settle out of court than the ITC ban their products as the later decision doesnít line VirnetXís pockets.

    Source: CNET

  2. #2
    The Unknown Anonymous's Avatar
    Join Date
    May 2012
    Location
    Antarctica
    Posts
    2,758
    Thanks
    427
    Thanked 997 Times in 628 Posts

    "Oh no! 368 mil!" - Tim Cook

    Wipes tears away with one hundred dollar bill tissues.

  3. The Following 2 Users Say Thank You to Anonymous For This Useful Post:

    *T* (11-07-2012), Raybeast (11-07-2012)

  4. #3
    My iPhone is a Part of Me thevmax's Avatar
    Join Date
    Mar 2009
    Location
    West Milwaukee
    Posts
    591
    Thanks
    9
    Thanked 36 Times in 28 Posts

    Quote Originally Posted by Anonymous View Post
    "Oh no! 368 mil!" - Tim Cook

    Wipes tears away with one hundred dollar bill tissues.
    <<< Now THAT'S FUNNY!

    Tim Cook to his wife, "Honey we can't go out for dinner tonight. I've got to pay that stupid court bill!"

  5. #4
    Banned
    Join Date
    May 2008
    Location
    In the shadows
    Posts
    798
    Thanks
    120
    Thanked 74 Times in 47 Posts

    THIS is good news

  6. #5
    What's Jailbreak?
    Join Date
    May 2011
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    $200 settlement from microsoft? lol

  7. #6
    rcm
    rcm is offline
    iPhone? More like MyPhone
    Join Date
    Mar 2011
    Posts
    205
    Thanks
    0
    Thanked 2 Times in 2 Posts

    that's chump change for them, in one weekend they sold 3 million iPad mini, at $350 each for the 16gb model alone is more than enough to pay that settlement twice.

  8. #7
    What's Jailbreak?
    Join Date
    Oct 2011
    Posts
    14
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by rcm View Post
    that's chump change for them, in one weekend they sold 3 million iPad mini, at $350 each for the 16gb model alone is more than enough to pay that settlement twice.
    I believe it costs apple 188 to make the ipad mini. So that would be 329-188=141 141 times 3 mil is 423mil

  9. #8
    iPhone? More like MyPhone Alluziion's Avatar
    Join Date
    Aug 2010
    Location
    Wales, UK.
    Posts
    113
    Thanks
    0
    Thanked 6 Times in 5 Posts

    Quote Originally Posted by Anonymous View Post
    "Oh no! 368 mil!" - Tim Cook

    Wipes tears away with one hundred dollar bill tissues.
    $368m is a lot of money, even to Apple; just because a company may have enormous cash reserves, it's still a business and every dollar counts. Plus, the damage this could do to brand and share value could be an even larger problem.

  10. #9
    Green Apple
    Join Date
    Aug 2008
    Posts
    35
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by browne81 View Post
    I believe it costs apple 188 to make the ipad mini. So that would be 329-188=141 141 times 3 mil is 423mil

    you still have to add marketing, shipping, boxing, cost to operate stores etc. end of it all im sure they are getting less than half of the 141.

    to the author - can you site which patents were supposedly infringed?

  11. #10
    iPhone? More like MyPhone Raybeast's Avatar
    Join Date
    Jul 2011
    Posts
    257
    Thanks
    9
    Thanked 36 Times in 21 Posts

    Quote Originally Posted by Anonymous View Post
    "Oh no! 368 mil!" - Tim Cook

    Wipes tears away with one hundred dollar bill tissues.
    Haha!

  12. #11
    What's Jailbreak? 0055's Avatar
    Join Date
    Nov 2012
    Location
    Sydney, Australia
    Posts
    15
    Thanks
    0
    Thanked 1 Time in 1 Post
    Peanuts!

  13. #12
    Livin the iPhone Life
    Join Date
    Sep 2007
    Location
    Ireland
    Posts
    1,438
    Thanks
    41
    Thanked 185 Times in 145 Posts

    The amount may be nothing to Apple but it shows they can be challenged and lose. They shove around their own "claims" against competitors thinking they can't be touched.

  14. #13
    iPhone? More like MyPhone Painkiller006's Avatar
    Join Date
    Apr 2011
    Location
    B7R
    Posts
    203
    Thanks
    15
    Thanked 10 Times in 10 Posts

    Quote Originally Posted by Anonymous View Post
    "Oh no! 368 mil!" - Tim Cook

    Wipes tears away with one hundred dollar bill tissues.
    It could be 1 mil, money is money at the end of the day and no one likes to loose money. So it may seem like it's nothing but to Apple that's 368 mil they just lost

  15. #14
    iPhoneaholic
    Join Date
    Sep 2009
    Posts
    355
    Thanks
    102
    Thanked 22 Times in 21 Posts

    Sweet.
    Good to see Apple getting kicked squarely in the patents.

  16. #15
    My iPhone is a Part of Me iLoveWindows&iPhone's Avatar
    Join Date
    May 2010
    Location
    San Diego, CA
    Posts
    592
    Thanks
    9
    Thanked 49 Times in 34 Posts

    Quote Originally Posted by feidhlim1986 View Post
    The amount may be nothing to Apple but it shows they can be challenged and lose. They shove around their own "claims" against competitors thinking they can't be touched.
    So Apple gets sued and its legit. But if Apple sues anyone, it's just a "claim" they are making. The fact that Apple won, doesn't change in your eyes that it was more than just a "claim"? And why on Earth would you think Apple believes they are untouchable? Just because that's what your little biased brain believes? Of course Apple knows they are going to get sued, they have a massive legal defense team to prove it. Stop being the Fox News of your own mind and believing anything you make up is true.
    El Zurdo

  17. The Following User Says Thank You to iLoveWindows&iPhone For This Useful Post:

    fanboyfanboy (11-07-2012)

  18. #16
    The Unknown Anonymous's Avatar
    Join Date
    May 2012
    Location
    Antarctica
    Posts
    2,758
    Thanks
    427
    Thanked 997 Times in 628 Posts

    Quote Originally Posted by iLoveWindows&iPhone View Post
    So Apple gets sued and its legit. But if Apple sues anyone, it's just a "claim" they are making. The fact that Apple won, doesn't change in your eyes that it was more than just a "claim"? And why on Earth would you think Apple believes they are untouchable? Just because that's what your little biased brain believes? Of course Apple knows they are going to get sued, they have a massive legal defense team to prove it. Stop being the Fox News of your own mind and believing anything you make up is true.
    Agreed.

  19. #17
    Green Apple GeoffS4's Avatar
    Join Date
    Apr 2011
    Posts
    82
    Thanks
    0
    Thanked 9 Times in 5 Posts

    This should be fine for Apple. They should just follow the process of Motorola and similar. Appeal and get it dropped.

  20. #18
    My iPhone is a Part of Me primalscream.40's Avatar
    Join Date
    Jul 2009
    Location
    grenada,ms
    Posts
    783
    Thanks
    665
    Thanked 642 Times in 360 Posts

    That's a lot of money. But when reality sets in. Who gonna pay?? the end user will foot the bill.

  21. #19
    What's Jailbreak?
    Join Date
    Aug 2011
    Posts
    13
    Thanks
    2
    Thanked 0 Times in 0 Posts

    Love Apple Product, but 'What goes around...

  22. #20
    iPhone? More like MyPhone Colin9001's Avatar
    Join Date
    Jan 2011
    Location
    New York
    Posts
    170
    Thanks
    0
    Thanked 9 Times in 9 Posts

    400mil to them is like 400 bucks to us

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts