Tech Business Rewind: Samsung Gets DISSED, Microsoft Will Sell MILLIONS of Surface Tablets
Samsung (SSNLF.PK) might have won a patent dispute against Apple (NASDAQ:AAPL), but the reason might have been more damaging than losing the case. United Kingdom Judge Colin Birss ruled that the design of Samsung’s Galaxy tablets does not infringe on the iPad’s design, because consumers are not apt to confuse the two, as the Galaxy tablets “do not have the same understated and extreme simplicity which is possessed by the Apple design… They are not as cool.” Is it possible to appeal a successful ruling?
Research In Motion (NASDAQ:RIMM) will divest itself of one of its two business jets, as part of a plan to save $1 billion in operating costs, according to sources. Although the jet’s sale will likely produce only $6 million to 7 million, the fact that RIM will go through this shows the magnitude of pressure on the firm to do something, anything, to force change. Also on Tuesday, all of the company’s board members were re-elected at its shareholders’ meeting.
Don’t Miss: Will Investors Sue RIM for Being Too Optimistic?
David Einhorn commented on two tech giants on CNBC: On Amazon (NASDAQ:AMZN) he said that “It’s very hard to compete against someone who doesn’t feel compelled to make a profit”; and that Apple shares are substantially undervalued and headed for a $1 trillion market cap.
Microsoft (NASDAQ:MSFT) intends to sell a “few million” Surface tablets in 2013, reports Steve Ballmer, who adds that the tablets will be sold online and in the firm’s few retail stores. This strategy might be to avoid competition with original equipment manufacturers, but at the same time could limit sales; Apple sold 11.8 million iPads in the first quarter, as a frame of reference. In addition, it’s being said that Microsoft is experiencing yield problems with Surface’s case.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.