Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Apple Inc.    AAPL   US0378331005

APPLE INC. (AAPL)

1692
Delayed Quote. Delayed Nasdaq - 05/27 01:30:06 pm
132.1399 USD   +1.94%
01:41p CBS CEO said met with Apple to discuss TV deal
01:37p Canada startup Payfirma raises capital, mulls 2016 IPO
01:27p Wall Street rises as Greece worries abate
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Apple, HTC Settle Patent Dispute, Sign Licensing Pact

11/10/2012 | 10:18pm US/Eastern
   By Ian Sherr 
 

Apple Inc. (>> Apple Inc.) and HTC Corp. (>> HTC CORP) announced a broad 10-year licensing agreement that settles all of the lawsuits between the companies around the world.

The two companies said late Saturday the agreement covers current and future patents for both firms. More specific terms of the deal were not disclosed.

"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," Peter Chou, HTC's chief executive, said in a statement.

Tim Cook, Apple's chief executive, also expressed relief in a statement. "We will continue to stay laser-focused on product innovation," he said.

An Apple spokesman declined to comment further about the agreement. An HTC spokeswoman also declined to provide specifics of the deal but said the company does not expect the license agreement to have an adverse material impact on the company.

The broad patent deal comes after HTC suffered several legal setbacks, such as a decision from the U.S. International Trade Commission that said Apple's iPhone and iPad mobile devices hadn't infringed HTC's patents. The Taiwanese handset maker had put a lot of effort into its litigation, including a $300 million cash acquisition of S3 Graphics Co., which HTC said was purchased with the intention of using that company's patents in its ongoing legal battles. In a separate case, the ITC found HTC's phones infringed Apple's patents.

In striking the settlement, HTC joins Nokia Corp. (NOK, NOK1V.HE) as handset makers that have settled litigation with Apple. Nokia's settlement, announced last summer, included a payment from Apple.

The settlement comes as Apple has become an epicenter of a global patent war among industry titans, including Samsung Electronics Co. (SSHNY, 005930.SE) and Google Inc.'s (>> Google Inc) Motorola handset unit.

Apple was asked several times to attempt a settlement with Samsung during its high-profile case in a California court several months ago. Heads of both firms held talks but were unable to strike a deal. Apple ultimately won the case, with a jury awarding it $1 billion in damages. Samsung said it will appeal that decision.

Mr. Cook has expressed interest in settling those cases as well, on conference calls and in interviews, but so far neither Apple or its remaining courtroom opponents have been able to reach agreements.

Write to Ian Sherr at ian.sherr@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Apple Inc., Google Inc, HTC CORP
React to this article
Latest news on APPLE INC.
01:41p CBS CEO said met with Apple to discuss TV deal
01:37p Canada startup Payfirma raises capital, mulls 2016 IPO
01:27p Wall Street rises as Greece worries abate
12:04p US stock indexes move higher at midday, making up some of the ground lost the..
12:03p US stocks move higher in midday trade, day after a slump
11:30a PAX and TSYS Launch Semi-Integrated EMV Solution
09:25a MICROSOFT : CEO, Satya Nadella, Heads Top Tech Leader Rankings 2015; Uber, Tesla..
08:56aDJMovado Group's Profit Drops Amid Slowing Growth in Watch Industry
06:00a TELSTRA : becomes one of the 100 most valuable global brands
05:07a SONY MOBILE EXECUTIVE : pricing tweaks, cost cuts to cope with dollar's rise
Advertisement
Chart
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Income Statement Evolution
More Financials