accadacca
08-31-2012, 06:57 PM
Yeah it's a little old, but was brought up in another thread.
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Apple scored a sweeping legal victory over Samsung Electronics on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
As for the countersuit, the jury found Apple did not violate any of Samsung's wireless standards or feature patents.
Shares of Apple [ AAPL 665.24 +1.372 (+0.21%) ], which this week became the biggest company by market value in history, hit an all-time high of $675 in after-hours trading. Click here for the latest after-hours quote.
The verdict, which came much sooner than expected, could lead to an outright ban on sales of key Samsung products and will likely solidify Apple's dominance of the exploding mobile computing market.
A number of companies that sell smartphones based on Google's [ GOOG 685.09 +3.41 (+0.50%) ] Android operating system may now face further legal challenges from Apple, a company that is already among the largest and most profitable in business history.
After the verdict, Apple's lawyers said they will file for a sales injunction against Samsung within the next seven days. The judge in the case set a Sept. 20 hearing on the proposed injunction.
Brian Love, a Santa Clara law school professor, described it as a crushing victory for Apple: "This is the best-case scenario Apple could have hoped for."
In a statement after the verdict, Apple said, "We are grateful to the jury for their service and for investing the time to listen to our story and we were thrilled to be able to finally tell it. The mountain of evidence presented during the trail showed that Samsung's copying went far deeper than even we knew ... We applaud the court for finding Samsung's behavior willful and for sending a loud and clear message that stealing isn't right."
Samsung also issued a post-verdict statement, saying, "Today
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Apple scored a sweeping legal victory over Samsung Electronics on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
As for the countersuit, the jury found Apple did not violate any of Samsung's wireless standards or feature patents.
Shares of Apple [ AAPL 665.24 +1.372 (+0.21%) ], which this week became the biggest company by market value in history, hit an all-time high of $675 in after-hours trading. Click here for the latest after-hours quote.
The verdict, which came much sooner than expected, could lead to an outright ban on sales of key Samsung products and will likely solidify Apple's dominance of the exploding mobile computing market.
A number of companies that sell smartphones based on Google's [ GOOG 685.09 +3.41 (+0.50%) ] Android operating system may now face further legal challenges from Apple, a company that is already among the largest and most profitable in business history.
After the verdict, Apple's lawyers said they will file for a sales injunction against Samsung within the next seven days. The judge in the case set a Sept. 20 hearing on the proposed injunction.
Brian Love, a Santa Clara law school professor, described it as a crushing victory for Apple: "This is the best-case scenario Apple could have hoped for."
In a statement after the verdict, Apple said, "We are grateful to the jury for their service and for investing the time to listen to our story and we were thrilled to be able to finally tell it. The mountain of evidence presented during the trail showed that Samsung's copying went far deeper than even we knew ... We applaud the court for finding Samsung's behavior willful and for sending a loud and clear message that stealing isn't right."
Samsung also issued a post-verdict statement, saying, "Today