Apple Getting SLAMMED, But Shares SOAR
Google’s (NASDAQ:GOOG) recently-acquired Motorola Mobility unit said last week it had filed a new patent-infringement case against Apple (NASDAQ:AAPL). The complaint with the U.S. International Trade Commission claims infringement of seven Motorola Mobility patents on features including location reminders, e-mail notification, and phone/video players.
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Motorola Mobility is seeking a ban on U.S. imports of devices, including the iPhone, iPad, and Mac computers, that it says infringe on its patents. Apple products are made in Asia.
“We would like to settle these patent matters, but Apple’s unwillingness to work out a license leaves us little choice but to defend ourselves and our engineers’ innovations,” Motorola Mobility said in an e-mailed statement.
The move is only the latest in a fight that has been going on since at least 2010, after licensing talks between the two cell phone makers failed. Apple has claimed Motorola Mobility’s demands are unreasonable, and what’s more, that phones made by Motorola Mobility and other handset manufacturers that run on Google’s Android operating system are copying key patented features of the iPhone.
The complaint is Motorola Mobility’s second against Apple. A trade judge in April said Apple infringed a patent that covers a way computers transmit signals through Wi-Fi. The full commission is reviewing those findings, is scheduled to announce its final decision on the earlier case on August 24, and could impose an import ban on the iPhone.
However, despite that looming threat, Apple shares are skyrocketing today, up nearly 2.5 percent in early afternoon trading. In fact,today’s surge propelled the company’s value to $621 billion, beating the record for market capitalization set by Microsoft (NASDAQ:MSFT) years ago, making Apple the world’s most valuable company ever. It seems, as far as investors are concerned, Apple is infallible.
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