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Print 26 comment(s) - last by ProZach.. on Mar 5 at 3:49 PM

Samsung gets a nice boost from court win

Judge Lucy Koh of the U.S. District Court for the Northern District of California on Friday dropped a bombshell on Apple, Inc. (AAPL), effectively tossing $400M USD in damages from the $1.05B USD jury verdict against Samsung Electronics Comp., Ltd. (KSC:005930).

The modification was due to a mistake in how the damages were calculated by the jury on 14 products.  At least part of that sum may come back, as Judge Koh ordered the two to participate in a new damages trial.  The products involved in that trial will be Samsung's:
  • Captivate
  • Continuum
  • Droid Charge
  • Epic 4G
  • Exhibit 4G
  • Indulge
  • Infuse 4G
  • Galaxy Prevail
  • Gem
  • Galaxy SII for AT&T
  • Galaxy Tab
  • Nexus S 4G
  • Replenish
  • Transform
Judge Koh writes, "The court has identified an impermissible legal theory on which the jury based its award and cannot reasonably calculate the amount of excess while effectuating the intent of the jury."

Apple on Samsung phone
[Image Source: Reuters]

Samsung, while disappointed at Judge Koh's decision not to review the merit of the verdict, cheered the damage vacation, commenting to Reuters, "We are pleased that the court decided to strike $450,514,650 from the jury's award.  Samsung intends to seek further review as to the remaining award."

Apple shares fell nearly 1.8 percent on the news, while Samsung shares rallied 1.1 percent upwards.

Samsung will be appealing the overall verdict in the appeals circuit.  The South Korean phone giant should be aided by the fact that the U.S. Patent and Trademark Office (USPTO) has filed preliminary invalidation rulings regarding two of the key Apple utility patents involved in the case.  Samsung faces one other additional trial in which Apple claims patent violations against Samsung's newer products.

Source: Reuters



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RE: Talk about overreaction
By Tony Swash on 3/5/2013 7:08:24 AM , Rating: 2
Ben Bajarin, writing for Time:

quote:
So to recap: Apple is the most profitable company, can’t make enough products to meet demand and is the most admired by its peers. Yet Wall Street and media fanatics are claiming Apple is doomed. The reality distortion field is in full effect.

Apple has a lower P/E ratio than Amazon, Facebook, Google, Microsoft and now Dell, to name a few. I find this baffling and I would challenge any analyst to articulate to me how Apple is not healthier and stronger, competitively, in the long-term than many of those companies.


http://techland.time.com/2013/03/04/apples-reality...


RE: Talk about overreaction
By themaster08 on 3/5/2013 7:46:20 AM , Rating: 2
Nobody is saying that Apple is doomed. That's your problem. Every time something negative appears about Apple, you put your guard up and accuse everyone of thinking Apple are doomed.

The fact is that the overvaluation and hype are dying down from their initial overblown values. Apple are now coming down to reality in terms of their market valuation.


RE: Talk about overreaction
By retrospooty on 3/5/2013 8:00:32 AM , Rating: 2
"Nobody is saying that Apple is doomed. That's your problem. "

Exactly, I have made that same point many times. You come out with a well thought out comment on how Apple wont continue the unprecedented growth and that it will level off at a ridiculous high profit level and he gets offended as if he thinks its absurd that Apple won't grow infinitely forever. The man cant take a single negative fact about Apple and just process it like a normal human. It's like a personal offense. I would imagine insulting his mother would be less offensive.


RE: Talk about overreaction
By ProZach on 3/5/2013 3:49:17 PM , Rating: 2
In that case, <insert urmama joke at TS here>, lol.

I would think the drop in stock value also has as much to do with the previous report of cash hoarding.


RE: Talk about overreaction
By maugrimtr on 3/5/2013 8:46:38 AM , Rating: 2
How Apple is performing at this moment has no relevance to how Apple will perform in 1 year, or 2 years. Tony, please never become an investor. You're terrible at analysing.


RE: Talk about overreaction
By ritualm on 3/5/2013 2:40:29 PM , Rating: 2
quote:
The reality distortion field is in full effect.

That's not a reality distortion field, that's freakonomics and herd theory in full effect.
quote:
I find this baffling and I would challenge any analyst to articulate to me how Apple is not healthier and stronger, competitively, in the long-term than many of those companies.

The bigger they are, the harder they fall.

You said all of us were fools for not buying Apple stocks when it was over $600 a share. Who's the fool now?

You lose.


"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates














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