Stockholders acted in response to last Friday’s verdict that the group had in fact copied major feature of the Apple Inc. (NASDAQ:AAPL) iPhone’s behaviour and appearance, leading to a $1-billion fine. Samsung management countered the problem with an angry internal memo, saying Apple had ignored efforts to settle the case via negotiation talks out of court.
With an aim to influence consumers to avoid Apple products, Samsung said, the past has shown there still has to be a company that remained successful in winning the hearts and minds of consumers and showed nonstop growth when its primary means to rivalry has been the total abuse of patent law and not the pursuit of innovation. Samsung said that they trust the consumers and the market will choose innovators over lawsuits and they will prove this beyond doubt.
Analysts expect the ruling could cause Apple increasing its attack to include other handset-makers that use Google Inc (NASDAQ:GOOG)’s Android operating system, possibly hobbling them in the United States, the top area of the $219-billion worldwide smartphone business. It is also expected to benefit Nokia Corporation (NYSE:NOK), the loss-making Finnish cellphone maker, because it would be a good one to provide products without panic of litigation. US-listed shares in Nokia are currently moving up to break three-day declining string.
Although Samsung unveiled a plan to appeal the ruling, Judge Lucy Koh could increase the fine because the nine-strong jury in San Jose, California, found that the violation of Apple’s patents and designs was headstrong.
Apple will also in a good position to apply for a ban on the 24 smartphones and tablets mentioned in the suit at a September 20 hearing. Since the ruling, the jury gained an increased focus as it surprised observers by reaching a decision within just two-and-a-half days, after passing through four weeks of tricky arguments over utility patents and trade dress
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