Samsung Expands Patent War Against Apple
Samsung Electronics just expanded the scope of its patent infringement suit against Apple (NASDAQ:AAPL) in Germany. Samsung had filed a suit in April alleging violation of its patent rights related to WCDMA telecom technology used in 3G mobile phones.
Samsung added four more complaints to this suit. According to a company spokesman, “(Samsung) made four more claims; two are standard-related patents and the other two are utility patents. And a court said it would make these claims separate from the April lawsuit.”
The German court held a hearing Friday, saying that a ruling on the suit may be announced on March 2.
Apple (NASDAQ:AAPL) and Samsung are embroiled in a global litigation over patent violations.
Here’s how Apple shares are trading now:
Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $389.17, up $6.96, or 1.82%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 1,479,133 shares versus a 3-month average volume of 18,092,000 shares. The company’s trailing P/E is 14.06, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>