Tuesday, August 21, 2012

Apple Inc.(NASDAQ:AAPL) Jumps 0.90% To Above $670 In Opening Session

Apple Inc.(NASDAQ:AAPL) shares gapped up for the fourth straight session and rose another 0.84% to another record high of $670.40.
The long-led dispute between the two Silicon Valley giants over the patents of tablet computers and smartphones could not be resolved, yet, once again. It seems that the tech giants are not willing to resolve their patent dispute which has now pan global presence.
 In an endeavour to resolve the dispute, U.S. District Judge Lucy Koh in San Jose, California had urged the two parties to make an earnest effort of resolving the lawsuit before the case, which went to trial July 30, goes to a jury. However, in context to this request, Kevin Johnson, a lawyer for Samsung, told Koh at the end of court today that the management of both the companies are unable to arrive at a peaceful treaty. The details of the conversation were kept un-discussed.
Get Complete Analysis on The Ongoing Patent case Here 

The patent battle began when Apple, based in Cupertino, California, sued Samsung in April 2011, accusing it of copying patented designs for mobile devices. In answer to the lawsuit, Suwon, South Korea-based Samsung countersued. The case is one of its kinds which go before a federal jury across four continents for dominance in a smartphone market. No progress in narrowing the claims have been arrived so far when the head of both the companies met before the trial began. As testimony in the trial drew to a close last week, Koh asked that the CEOs talk, and said she was “pathologically optimistic” they could settle their differences.

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