Seeking Alpha

Tim Cook to meet Samsung CEO over patent claims

  • Apple (AAPL) CEO Tim Cook and his Samsung (SSNLF, SSNGY) counterpart Oh-Hyun Kwon have agreed to attend a mediation session to see if they can't sort out their global patent spat peacefully.
  • The meeting is due to take place on February 19 ahead of another prospective court clash in San Jose in March. This one is over Apple's claims of IP violations by Samsung.
  • The companies have tried similar high-level mediation before in 2011 and 2012, but to no avail.
Comments (11)
  • hko2012 What an utterly absurd remark. The stock trading at an extremely low valuation relative to every comparable stock and the market in general.
    9 Jan, 07:56 AM Reply Like
  • Does anyone actually expect an agreement from this mediation. Apple may have won the most recent cases in this ongoing battle about patent infringement and "slavish" copying of the Iphone( all true) . I can't imagine why Samsung would change their strategy, which is to litigate itself out from under this problem. So far Apple has been awarded less than 1b in damages against Samsung which it is naturally appealing that decision. Samsung has sold and will continue to sell hundreds of billions worth of smart phones. Until and unless there is the threat of truly significant penalties that could seriously threaten Samsungs business, they won't agree to any settlement . Not sure whether the upcoming case has the potential penalties necessary. Certainly if all that happens is another fine of a couple of billion and the threat of banning older models that aren't selling then why settle !
    9 Jan, 08:29 AM Reply Like
  • I'm surprised they were able to agree on a location for the meeting.
    9 Jan, 09:59 AM Reply Like
  • After getting millions of $ in pennies shipped by truck I wouldn't give Samsung the time of day
    9 Jan, 09:32 AM Reply Like
  • I think this was a hoax someone made up
    9 Jan, 10:17 AM Reply Like
  • Haha, did this really happen?
    9 Jan, 10:17 AM Reply Like
  • "After getting millions of $ in pennies shipped by truck I wouldn't give Samsung the time of day"

     

    Any legit news source for this or just propagating an internet hoax?
    9 Jan, 10:46 AM Reply Like
  • Hoax. Don't believe everything you see on internet : )
    Samsung still haven't paid their $1B and won't pay until they've exhausted ALL of their appeals and delay tactics. But accrued interest still apply unless judge voids it.
    9 Jan, 11:39 AM Reply Like
  • Definitely a hoax.

     

    Especially when you consider that in 2006 the were said to be only 10bn nickels in existence then there cannot possibly be a delivery of $1bn worth of nickels now can there?

     

    That aside, if you google this news comment you will find the truth.
    9 Jan, 04:32 PM Reply Like
  • Some of these things might start out as parody and become hoaxes by accident.

     

    I recall some items published by The Onion and the Borowitz Report that people thought were legitimate news stories. Then there was once an Onion item that actually ended up happening. It is getting harder to tell the difference between parody and reality.
    31 Jan, 09:22 AM Reply Like
  • Hey Timmy ....better check to see if you still have your watch and wallet after the meeting.they are only a richer version of their northern cousins.
    30 Jan, 12:11 PM Reply Like
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