Monday, August 27, 2012

Apple Inc.(NASDAQ:AAPLC) EO Tim Cook Writes to Employees, after Friday Court Verdict

Apple Inc.(NASDAQ:AAPL) Chief Executive, Tim Cook, hailed Friday's verdict by a federal court jury in San Jose, which awarded Apple more than a billion dollars in damages in its legal battle with Samsung over a dispute on patents.

In a letter to Apple's employees, Cook, who completed one year on the job at the top, told them that the victory was "about values".

Read the full text of the letter here:

Today was an important day for Apple and for innovators everywhere.

Many of you have been closely following the trial against Samsung in San Jose for the past few weeks. We chose legal action very reluctantly and only after repeatedly asking Samsung to stop copying our work. For us this lawsuit has always been about something much more important than patents or money. It’s about values. We value originality and innovation and pour our lives into making the best products on earth. And we do this to delight our customers, not for competitors to flagrantly copy.

We owe a debt of gratitude to the jury who invested their time in listening to our story. We were thrilled to finally have the opportunity to tell it. The mountain of evidence presented during the trial showed that Samsung’s copying went far deeper than we knew.

The jury has now spoken. We applaud them for finding Samsung’s behavior wilful and for sending a loud and clear message that stealing isn’t right.

I am very proud of the work that each of you do.

Today, values have won and I hope the whole world listens.


Incidentally despite their bitter battles over patents, Samsung is a components partner of Apple, supplying it with memory chips, display panels and other components. Apple is Samsung's second largest client.

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