Judge Denise Kote not only saddled Apple with a court-appointed outside attorney to monitor the company's antitrust compliance, she then picked the attorney she wanted—Michael Bromwich—without also establishing how much he would be paid. The result? After two weeks on the job, Mr. Bromwich is trying to charge Apple $1,100 per hour. Bryan Chaffin thinks this is outrageous.
2014 could be a good year for Quanta Computer—according to a report from Taiwan's DigiTimes, Quanta has landed the/a deal with Apple to produce that company's rumored large-sized iPad. Citing unnamed sources in Apple's supply chain, Quanta is also vying with heavyweight Foxconn and Inventec to produce another rumored Apple product, the iWatch. Bryan Chaffin puts these rumors through the wringer and finds them wanting.
Apple won another victory against Samsung in the epic battle battle between the two companies, as a German court stayed an infringement case Samsung had launched against Apple. Samsung's legal strategy has been an unmitigated disaster around the world, but at the end of the day the company is still reaping enormous profits build from copying Apple. Bryan Chaffin examines the issues.
The U.S. House of Representatives Judiciary Committee passed a bill this week aimed at curbing patent trolling, although it may be a hollow victory for companies targeted by the practice. Legislators stripped out the provision that would've helped bring low quality patents under control, which also happen to be a favorite of the trolls, and was removed at the request of Microsoft and IBM.
Many key products in the online Apple Stores in the UK and Australia are priced higher than straight currency conversions can account for. That's even after we take off value added taxes (VAT) and other sales taxes that are usually blamed for such discrepancies.
With two days of Jury deliberation behind us and a third about to start in Apple and Samsung's patent damages retrial, Samsung is pushing for a stay in the case and Apple is calling out the company for using delay tactics that are "Beyond reason." The two companies are in court to determine how much money Samsung owes Apple for infringing on mobile device patents.
David Miller, the former securities trader that drove Rochdale Securities out of business with a US$1 billion Apple stock scam, will spend two and a half years in jail for wire fraud and conspiracy. Mr. Miller's ill-fated scheme banked on Apple's stock rising after a quarterly earnings report when instead it dropped, leaving the securities firm he worked for with the bill for the transaction.
Apple landed a tax break from Gilbert Public Schools governing board on Monday. According to AZCentral, the five-member board voted unanimously in favor of the deal, which Apple was seeking as an incentive to operate a major manufacturing plant in the area. Bryan Chaffin argues that this is part of a corporate race to the bottom that needs to stop.
Internet search giant Google has agreed to a US$17 million settlement with 37 states and the District of Columbia for sidestepping the privacy settings in Apple's Safari Web browser. The settlement follows a similar deal with the Federal Trade Commission that led to a $22.5 million fine.
U.S. authorities acknowledged the benefits of "virtual currency systems" in a Senate hearing on Bitcoins, and Bitcoin traders reacted by sending the cryptocurrency skyrocketing above the $700 mark only to correct as profit takers reaped enormous from the rapid rise. The possibility of U.S. intervention to crush Bitcoin has been an overhang on the currency from the get-go, and Monday's comments indicate that overhang could disappear.
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