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4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

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100.35 USD   -0.06%
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Apple Inc. : HTC and Apple Settle Patent Dispute

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11/11/2012 | 04:09am CEST
All Patent Litigation Between the Companies Dismissed
TAIPEI, Taiwan and CUPERTINO, California-November 10, 2012-HTC and Apple® have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.

"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC.

"We are glad to have reached a settlement with HTC," said Tim Cook, CEO of Apple. "We will continue to stay laser focused on product innovation."

Press Contacts:
Steve Dowling
Apple
dowling@apple.com
+1 (408) 974-1896

Maggie Cheng
HTC
maggie_cheng@htc.com
+88 691 005 6396

The Hollenbeck Group for HTC
media@hollenbeckgroup.com
+1 (971) 282-5611

Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Media Helpline(408) 974-2042media.help@apple.com
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