Google NEARING Settlement with FTC and 2 Hot Stocks to Notice Now
Samsung (SSNLF.PK) won a round in its legal travails with Apple (NASDAQ:AAPL) as U.K. Judge Colin Birss ruled the design of the company’s Galaxy tablets doesn’t infringe on the iPad’s design; however Apple may be having the last laugh, considering the judge’s opinion that the Galaxy tablets “do not have the same understated and extreme simplicity which is possessed by the Apple design… They are not as cool,” and hence consumers are not likely to confuse between the two devices.
In measures that seem to be scraping the barrel, RIM (NASDAQ:RIMM) is putting one of its two business jets on the block and may realize about $6 – $7 million; the move is a part of desperate measures to cut operating costs by $1 billion.
Micron‘s (NASDAQ:MU) ~$750M takeover of Elpida, the bankrupt Japanese chipmaker, may run into an unexpected hurdle as an unnamed group of the latter’s bondholders plan to vote against the proposal; this group has also approached a Tokyo District Court stating their intention to put forward a counter-offer.
Google (NASDAQ:GOOG) is likely to pay $22.5 million to the FTC to settle charges that it bypassed the security settings of millions of Apple users; the amount represents the biggest penalty ever imposed by the FTC on a single company and could damage Google’s reputation.