Apple vs Samsung: patent infringement
Apple draws blood, Samsung gets a licking
It was one of Steve Jobs pet peeves. He often complained that Samsung had blatantly copied Apple’s iPhone design in its Galaxy range, and Android too was a rip-off of its iOS platform. Jobs’ outrage at rivals’ lack of respect for Apple’s intellectual property often boiled over. “I am ready to wage a thermonuclear war against Google,” he is believed to have said. Eventually, the end to the vexatious problem of Apple’s patent infringements by rivals seems to be in sight. On August 24 Apple finally scored a major legal win over Samsung in a patents lawsuit filed in a US court of law. A U.S. district court jury in San Jose, which was presided over by a South Korean American judge Lucy Koh, decided that Samsung was guilty of copying key features of the Apple’s iPhone and iPad devices. The court awarded Apple $1.051 billion in damages (Apple had demanded $2.5 billion in damages). Buoyed by the verdict, Apple is moving rapidly to press for a ban on eight models of Samsung, which are still in the market. The verdict has broader ramifications: it will help strengthen Apple’s share of the exploding mobile computing market. For many the Apple-Samsung lawsuit was widely seen as a proxy fight between Apple and Google’s Android platform, since Samsung is the largest Android handset maker. Samsung is expected to appeal the jury’s verdict, but it’s not clear how strong a case Samsung will be able to mount, given the overwhelming legal victory for Apple. Apple saw its shares climb 2% to a record high of $675 in post-verdict early trade. Samsung shares tumbled 7.5% wiping off $12 billion in value. Interestingly, Nokia saw a 10% jump in its stocks, and others like RIM and Microsoft too gained. These players own and run their own operating systems, which are different from both the iOS and Android.
Hp: turnaround Efforts
Can cost cutting help HP’s comeback?
Following a third quarterly loss of $8.9 billion for the 2012 fiscal, Hewlett-Packard, the Palo Alto, California-based computer giant is desperately looking to effect a turnaround. CEO Meg Whitman has set in motion the restructuring process, which includes cutting 27,000 employees or 8% of its global workforce by 2014. The move comes in the wake of a challenging business scenario which saw HP face up to a failed tablet launch apart from chronic reverses suffered by its PC unit. Whitman, who succeeded the ineffectual Leo Apotheker as president and CEO last September, has vowed to turn HP around but has consistently warned that the process could take years. The downsizing at HP is expected to generate annualized savings of $3-3.5 billion for the company. As for its financial performance, the company has showed a profit of $1 per share, slightly better than expected, while revenues were below the forecast at $29.7 billion, a year-to-year drop of 5%. During the quarter, the company has taken important steps to focus on strategic priorities, manage costs, drive organizational change, and improve the balance sheet.
Apple draws blood, Samsung gets a licking
It was one of Steve Jobs pet peeves. He often complained that Samsung had blatantly copied Apple’s iPhone design in its Galaxy range, and Android too was a rip-off of its iOS platform. Jobs’ outrage at rivals’ lack of respect for Apple’s intellectual property often boiled over. “I am ready to wage a thermonuclear war against Google,” he is believed to have said. Eventually, the end to the vexatious problem of Apple’s patent infringements by rivals seems to be in sight. On August 24 Apple finally scored a major legal win over Samsung in a patents lawsuit filed in a US court of law. A U.S. district court jury in San Jose, which was presided over by a South Korean American judge Lucy Koh, decided that Samsung was guilty of copying key features of the Apple’s iPhone and iPad devices. The court awarded Apple $1.051 billion in damages (Apple had demanded $2.5 billion in damages). Buoyed by the verdict, Apple is moving rapidly to press for a ban on eight models of Samsung, which are still in the market. The verdict has broader ramifications: it will help strengthen Apple’s share of the exploding mobile computing market. For many the Apple-Samsung lawsuit was widely seen as a proxy fight between Apple and Google’s Android platform, since Samsung is the largest Android handset maker. Samsung is expected to appeal the jury’s verdict, but it’s not clear how strong a case Samsung will be able to mount, given the overwhelming legal victory for Apple. Apple saw its shares climb 2% to a record high of $675 in post-verdict early trade. Samsung shares tumbled 7.5% wiping off $12 billion in value. Interestingly, Nokia saw a 10% jump in its stocks, and others like RIM and Microsoft too gained. These players own and run their own operating systems, which are different from both the iOS and Android.
Hp: turnaround Efforts
Can cost cutting help HP’s comeback?
Following a third quarterly loss of $8.9 billion for the 2012 fiscal, Hewlett-Packard, the Palo Alto, California-based computer giant is desperately looking to effect a turnaround. CEO Meg Whitman has set in motion the restructuring process, which includes cutting 27,000 employees or 8% of its global workforce by 2014. The move comes in the wake of a challenging business scenario which saw HP face up to a failed tablet launch apart from chronic reverses suffered by its PC unit. Whitman, who succeeded the ineffectual Leo Apotheker as president and CEO last September, has vowed to turn HP around but has consistently warned that the process could take years. The downsizing at HP is expected to generate annualized savings of $3-3.5 billion for the company. As for its financial performance, the company has showed a profit of $1 per share, slightly better than expected, while revenues were below the forecast at $29.7 billion, a year-to-year drop of 5%. During the quarter, the company has taken important steps to focus on strategic priorities, manage costs, drive organizational change, and improve the balance sheet.
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IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
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