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Business, Financial & Legal Posts - Page 65

VIA files suit against Asustek over alleged misuse of trade secrets

Today VIA announced that it has filed suit against a subsidiary of Asustek as well as four of its employees over allegations of misappropriations of trade secrets. The civil lawsuit has been filed in the Taipei District Court with VIA seeking damages equating to $138 million US.

 

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The lawsuit states that misappropriation of VIA intellectual property related to USB technology occurred and names Asmedia Technology, Asustek, Asmedia Chairman Jerry Shen, Asmedia President Lin Chewei, and other Asmedia employees as those responsible for the misappropriation.

 

"As a long-time leader in IC design and technology innovation, VIA strongly believes in the importance of protecting intellectual property rights," commented Wenchi Chen, CEO of VIA Technologies, Inc. "In addition to protecting interests of VIA and our shareholders, the aim of this suit is to ensure our industry operates in a healthy market environment that fosters innovation and promotes fair competition."

Continue reading 'VIA files suit against Asustek over alleged misuse of trade secrets' (full post)

$7.85 million Las Vegas mansion is up for sale, accepts Bitcoins

There are some multimillionaires out there thanks to the digital currency, Bitcoin, but now you can purchase a $7.85 million Las Vegas home with Bitcoins. A casino owner who is now a commercial developer, is selling the Vegas home, accepting Bitcoins as payment.

 

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Jack Sommer said he thought of the idea to sell his $7.85 million mansion from his two sons, who make and trade Bitcoins. Sommer said: "The advantage is that we're expanding our market and adding some notoriety." The house itself sounds gorgeous, as it features marble from China, Iceland and Brazil, a full basement, staff quarters with Jacuzzis, and a secret garden. It also has 39 air-conditioning zones fed from a 120-ton cooling tower.

 

Back in January, Bitcoins were trading at $10, now they're trading at around $870. Transferring $7.85 million in Bitcoins, and then a flash crash happening a few days later, plummeting the real-world value of Bitcoins would hurt, a lot.

Ex-Google exec becomes new deputy director of USPTO

Michelle Lee, was an executive with Google, but is now the new Deputy Director of the United States Patent & Trademark Office. Lee was previously in charge of patents and patent strategy at the search giant, so this new job isn't too far from her previous position.

 

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Lee will be in the position at the USPTO in an interim position, with the former director of the USPTO, David Kappos, stepping down in February to pursue interests in the private sector, with Teresa Stanek Rea as the acting director since. Lee will now be the Deputy Director until the USPTO finds a permanent replacement, but there's no word on when this might happen.

Apple lands patent for curved touch displays, upcoming curved iPhone?

Apple has just landed a patent with the United States Patent and Trademark Office, under US Patent No. 8,603,574, which is for a "Curved touch sensor' that details a manufacturing technique that would make an accurate, curved touch surface, without deficiencies caused by substrate warping or deformation.

 

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The iPhone maker notes that current touch panel technologies are hard to work with, due to "desired thinness of the substrate and thin film". In order to escape these issues, Apple's newly awarded patent allows for a technique that deposits a conductive thin film over a flexible substrate, while it's in a flat state. AppleInsider reports: "Once the electrodes are in place, the substrate package is joined to a curved "forming substrate" and subsequently heated. The process results in a non-deformed curved touch sensor stackup with a thin film that benefits from the high-temperature anneal."

 

This should mean that we'll see a curved iOS-based device in the future, but how much longer will it be before we see it? Will it be the iWatch? Maybe a curved iPad? Most will expect a curved iPhone, to keep up with the Samsung Galaxy Round and LG G Flex smartphones.

Apple's iPad dominates the Japanese tablet market

It looks like Apple is taking control of Japan's tablet market, where its iPad and iPad mini slates make up six out of every ten tablets sold in the country, according to BCN, which measures electronic sales across the country.

 

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The top of BCN's list was the iPad Air, which was followed closely by the iPad mini. On BCN's charts, one variant of Apple's iPad was listed as first, second, fifth, eighth, ninth, and tenth place - total domination by the Cupertino-based giant. The slates on the top ten list that weren't built by Apple, were Google's Nexus 7 tablets (both the 2012 and 2013 editions).

Samsung to 'lower its dependence' on smartphones, will move elsewhere

Something that shouldn't be stated, but has been, is that Samsung is looking to "lower its dependence" on its smartphone business. The news is coming from Korea's ETNews, who says that Samsung wants to not rely on its smartphones business as a revenue generator.

 

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Instead, it will look at other areas to beef up its massive profits, instead of just smartphones. ETNews' sources say that Samsung's "focus will be placed on smartphone derivatives in the short term, such as peripherals and accessories" while it works on wearable devices, like its Galaxy Gear smartwatch.

Bitcoin price stumbles down nearly 30% over the weekend

Just 10 days ago we reported that Bitcoins reached over $1000 in value each, which at the time was a meteoroic 4000% increase, year-over-year. Now? The digital currency has dropped to around $800 each, from their peak at $1200 just days ago.

 

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Few thought that Bitcoins would reach parity with gold, some thought there was no end in sight, but you can't dispute the fact that the digital currency has stumbled, with no exact science or past on how it will react. Will it go down to $100 each? Will we see another country completely embrace it and see it skyrocket past $2000?

 

With China's central bank refusing to consider Bitcoins as legal tender, the drop in price quickly happened. But, the Chinese government didn't put an all-out ban on the digital currency, with all citizens still able to use Bitcoins legally. The central bank's refusal to use them is what hurts the most, as it could spread quickly throughout the world.

Continue reading 'Bitcoin price stumbles down nearly 30% over the weekend' (full post)

Bitcoins can now be used to buy Ouya consoles

If you want to support independent games, and didn't want to use that pesky fiat-based, central bank currency - well, this is music to your anti-mainstream ears!

 

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Bitcoins can now be used to purchase Ouya consoles, which is great because it means you don't need to use a credit card. Unfortunately, if you want to purchase games on the Ouya console, you'll still need your credit card - which I don't get. If you're going to support Bitcoin, do it all the way, or not at all. Ouya does state that PayPal support is coming soon.

China Mobile denies iPhone deal with Apple, no deal reached, yet

Yesterday we reported that Apple had inked a deal with China Mobile for the iPhone, but now China Mobile itself has denied the report. This is strange, especially given that it was The Wall Street Journal's sources who were talking about the deal.

 

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China Mobile spokeswoman, Rainie Lei said: "Talks between China Mobile and Apple on cooperation are still going on and we currently do not have anything to announce." I'm sure we'll hear something in the coming days, but for now there is no deal reached between the two giants.

US House of Representatives pass anti-patent troll bill

As I first reported yesterday, the US House of Representatives has been hearing arguments on a new bill that could put an end to many of the frivolous patent lawsuits filled each year by so-called patent trolls. As expected, the bill has passed in the House with support from both sides of the isle.

 

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Known as the Innovation Act 325-91, the bill will now make its way to the senate where it is expected to pass with a bipartisan majority as well. Once it is finished in congress, the bill will make its way to President Obama's desk and he also is expected to sign it into law. If this does happen, we could see an end to the era of east Texas shell corporations that exist only to file and buy low-quality, low-detail patents that are so vague that they can be claimed as part of many technologies.

 

This is the first step into patent reform, and hopefully the next step will be a complete overhaul of the United States Patent and Trade office. With companies now patenting seeds, human, animal and plant genes, and even specific code, we need to work hard to prevent these sort of things from happening. If not, then I am afraid that we may see an immense slowdown in technological and scientific innovation and breakthroughs for decades to come.

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