Monday, September 3, 2012

Two Hot News Apple Inc. (NASDAQ:AAPL) & Yahoo! Inc.(NASDAQ:YHOO)

Buoyed by its recent success in the court case against Samsung Electronics, in which it had accused the Korea based company of copying its iPhone and iPad designs, Apple Inc.(NASDAQ:AAPL) has added four more to the list of products in which its rival has infringed on patents.  This includes the Galaxy S III smartphone.

On Friday, the Cupertino, California-based company filed documents in the San Jose federal district court on Friday requesting the judge to direct Samsung to pull these products released after the filing of the April lawsuit.

So, according to Apple, 21 Samsung products – 17 listed earlier and 4 added now – have copied Apple’s designs.

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Samsung has not made any comment on this new development.

Meanwhile, Internet Company Yahoo! Inc.(NASDAQ:YHOO) has said that it supports free speech and privacy on the Internet.  This is in the backdrop of China releasing a dissident who had been convicted on the basis of evidence provided by the Sunnyvale, California based company.  Wang Xiaoning has served a sentence of 10 years after Yahoo’s Hong Kong subsidiary which it fully owns, had supplied the Chinese police information that linked him to various unnamed emails and prodemocracy articles distributed through Yahoo groups.

This had led to Yahoo being the target of stinging criticism and had been forced to apologize.  It had even settled a lawsuit with the involved families.  The settlement amount however, is not known.

Although Yahoo’s Saturday statement does not specifically refer to this case, it does say that the company does not support political suppression “wherever and however it occurs”.

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