Apple to Samsung: Shove It
In the latest development in Samsung’s (SSNLF) patent troubles with Apple (NASDAQ:AAPL), the latter has rejected Samsung’s peace offering to settle the dispute. A settlement would have paved the way for Samsung to launch its new Galaxy 10.1 tablet in Australia (NYSE:EWA).
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Apple (NASDAQ:AAPL) has reportedly rejected the offer and requested the court to continue the adjudication on its claim that Samsung violated Apple’s patent rights to touch-screen technology.
Samsung has already agreed to remove two features from the Galaxy 10.1, leaving the dispute with only touch-screen display technology as the one issue outstanding for dispute in Australia (NYSE:EWA). No details were available from Samsung’s lawyer, David Catterns, about the offer, while Apple lawyer, Steven Burley, told the Sydney court that the company would need time to review it.
Apple (NASDAQ:AAPL) is trading at $373.37 today, down 0.33%. Shares are up 34.44% in one year. The stock’s trading range for the year is between $277.77 and $422.86.
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