Apple and Samsung: A Love-Hate Relationship
In the new trading week, it’s already been a week of mixed messages between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics beginning with a lawsuit filed by Apple in Germany.
Apple has filed another Germany lawsuit requesting to ban sales of Samsung’s Galaxy S Plus and the S II smartphones. According to Bloomberg, 10 smartphones are listed in the Dusseldorf Regional Court filing. The suit targets Apple design rights Apple in Europe, said court spokesman Peter Schuetz.
This isn’t Apple’s first suit against the Korean electronics company. It also has one against five of the company’s tablet computer models. A September Dusseldorf court ruling banned the Galaxy 10.1.
In December, the court said it probably would not grant an injunction against the tablet while an appeals court also seemed doubtful about the extent of Apple’s European Union design right, which had granted an injunction for Apple against the Galaxy 10.1.
The new suits …
have not been filed as emergency proceedings.This should enable Apple to have a new process against both tablet models.
Samsung to Issue Overseas Bonds for Expanded Production of Processors
While Apple was busy filing another lawsuit against Samsung, the electronics company was looking to the future by making plans to issue its first overseas bonds since 1997. The company plans to expand its processors production that is used in mobile devices such as Apple’s iPhone.
The company has contacted banks for requests for proposals, asking to borrow as high as $1 billion to expand its Austin,Texas factory production capacity, according to a Samsung spokesperson. Samsung’s U.S. unit will issue …
the bonds with five-year maturities.
Samsung isn’t the first technology company to enter the bond market to raise funds. Google Inc.(NASDAQ:GOOG) has used the same marketplace as a venue as declining borrowing costs makes it less expensive for companies to raise funds.
While Apple seems to have a problem with Samsung’s tablets, Samsung doesn’t seem to have a problem with theirs. It is the exclusive maker of Apple-designed processors that powers the iPhone and iPad tablet.
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