Apple & Samsung War Goes On, Alcatel-Lucent Patents: Tech Biz Update

As if the legal war between Apple (NASDAQ:AAPL) and Samsung (SSNLF.PK) were not hot enough, this week a court in California allowed both parties to expand their allegations of patent infringement out to newer products. Late Thursday, Magistrate Judge Paul Grewal of the United States District Court for the Northern District of California said that Samsung is allowed add the iPhone 5 to its infringement claims against Apple, while in return Apple can add the Galaxy Note, the Galaxy S III and the Galaxy Nexus, which runs the most recent version of Google’s Android operating system, Jelly Bean, which Grewal labeled a Google product.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Alcatel-Lucent (NYSE:ALU) might need to divest a portion of its patents in order to reinforce its finances and reassure observers as to its balance sheet. Reuters, citing inside sources, says that the firm might pledge its submarine cable business, patents or other assets to back its debt. Chief Financial Officer Paul Tufano commented at the Morgan Stanley Technology, Media & Telecom Conference in Barcelona, that “We can look to monetize that portfolio through licensing, through limited sales if those patents aren’t part of our core and a few other things. We look at all of the above.” Meanwhile, the research firm Dell’Oro calculates that Nokia Siemens Networks (NYSE:NOK) surpassed Alcatel-Lucent as the world’s second-place  LTE vendor in revenue in the third quarter, which marks a reversal from the second quarter in which LM Ericsson Telephone Company (NASDAQ:ERIC) and Alcatel-Lucent led the market in LTE .

Don’t Miss: Apple vs Facebook: The Power of Sentiment.