Business, Financial & Legal News - Page 236

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 236.

Follow TweakTown on Google News

Apple and HTC settle all patent litigation, includes 10 year license agreement

Anthony Garreffa | Nov 11, 2012 9:30 PM CST

Well, what's going on here you ask? Apple and HTC have come out over the weekend announcing that there's been a settlement agreed to, that resolves all of their existing patent disputes - yes, Apple have settled a patent agreement nicely for once.

The agreement is a "global settlement", dismissing all currently Apple and HTC complaints under a new ten-year license agreement, covering current and future patents held by each company. Both companies have said through a press release that the terms of the settlement are confidential.

HTC rep Jeff Gordon told The Verge that the company "does not expect this license agreement to have any adverse material impact on the financials of the company", this means that it won't cost HTC an arm and a leg. We're seeing HTC have some wins here, as they can now use some features that Samsung can't, such as slide-to-unlock, universal search and other disputed features.

Continue reading: Apple and HTC settle all patent litigation, includes 10 year license agreement (full post)

Lenovo announces plans to share its battery technology with the PC industry

Trace Hagan | Nov 9, 2012 6:31 PM CST

Lenovo has announced today that they are planning on sharing their proprietary battery design technology with the PC industry "in the interests of public safety and improving the level of engineering in notebook personal computer designs worldwide." This is more likely a ploy to get good will, but it will surely be appreciated by end-consumers who should receive better products.

"Battery design is an issue of crucial importance to business and computing," said Peter Hortensius, senior vice president, Lenovo notebook business unit. "As the personal computer business examines standards and design criteria for the best use of lithium ion batteries, Lenovo is contributing its engineering and design leadership. No make of battery is 100 percent immune from failure, but Lenovo strongly believes in safety first. These engineering specifications show our approach to battery management, and we believe they will move the PC industry as a whole toward safer battery standards."

The shared information will include redundant protections, failure detection, thermal conditions and protection, charging methodology, voltage protection, and mechanical design. The information will be shared with industry standards organizations so that other manufacturers may take advantage of advancements that Lenovo has made.

Continue reading: Lenovo announces plans to share its battery technology with the PC industry (full post)

Apple getting sued by VirnetX again after the latter won $368 million

Trace Hagan | Nov 9, 2012 1:47 PM CST

Apple is at the receiving end of another lawsuit. This lawsuit is another brought by VirnetX, who recently won $368 million from Apple after a jury ruled that Apple was infringing on patents owned by the company. The new lawsuit is a very similar lawsuit to the last, in that it is dealing with the same patents.

The new lawsuit is suing over the iPhone 5 and iPad mini, which were not released during the last lawsuit's time period. This means that VirnetX did not get any sort of award for these devices, and they feel they should. "Due to their release dates, these products were not included in the previous lawsuit that concluded with a Jury verdict on November 6, 2012," VirnetX said in a statement.

With the first case hardly settled, Apple has not issued a formal response to the latest lawsuit. Apple is widely expected to appeal the former lawsuit, and fight this one tooth and nail. Since the lawsuit is basically the same, at least in terms of patents and how Apple is infringing, one would expect Apple to lose this case as well. But with a new jury, the results could be widely different. It will be an interesting case to watch.

Continue reading: Apple getting sued by VirnetX again after the latter won $368 million (full post)

Australian government to drop mandatory ISP filtering, doesn't mean they still don't want it

Anthony Garreffa | Nov 9, 2012 6:32 AM CST

I'm based in Australia and I'm completely against mandatory filtering by my ISP - sure, they probably already do it (I could place bets on this), but the Australian government have stepped up and announced they're dropping their plans of a mandatory ISP filter:

The Federal Government has formally abandoned plans to introduce legislation for mandatory ISP filtering, closing a dark chapter in politics concerning Australia's internet.

But - come on, you knew there'd be a but - they still want Australian Net feeds to be filtered:

Continue reading: Australian government to drop mandatory ISP filtering, doesn't mean they still don't want it (full post)

RumorTT: Apple spent $2 billion bailing out the struggling Sharp

Anthony Garreffa | Nov 8, 2012 5:33 AM CST

With Samsung and Apple taking up most profits in the mobile sector, it leaves just scraps to the rest of the market, thus most companies are struggling right now. One of these companies is Sharp, and it looks like Apple analyst Horace Dediu may have discovered something quite worthy of a RumorTT post.

The analyst looked into Apple's 2012 capital expenditures and found some spending which was much higher than Apple previously disclosed. Dediu noticed that Apple had spent $2.3 billion more than it had forecast on "product tooling, manufacturing process equipment and infrastructure".

Dediu believes that the Cupertino-based iDevice maker bailed Sharp out, who were in serious financial issues earlier this year:

Continue reading: RumorTT: Apple spent $2 billion bailing out the struggling Sharp (full post)

Activision hits record revenue in Q3, sees strong performance in subscription sales of games

Anthony Garreffa | Nov 8, 2012 3:33 AM CST

With other companies like THQ having serious issues, competitor and much bigger juggernaut Activision have posted record revenue for Q3. The company has reported $841 million, up from $754 million in the same period last year.

Activision also delivered record earnings per share of 20 cents, compared to the third quarter of 2011. Their results beat the company's outlook, which saw them hoping to achieve around 6 cents per share over a revenue of $740 million. These results also blew away analysts' expectation, which are better to compare against the company's non-GAAP earnings.

These calculations, excluding some results, saw Activision reporting 15 cents per share in profit on revenue of $751 million. This kills analyst expectations which were projecting just 8 cents per share in profit over revenues of $708 million.

Continue reading: Activision hits record revenue in Q3, sees strong performance in subscription sales of games (full post)

Apple stock continues to dive, has gone from their peak of $700 per share to just $558 now

Anthony Garreffa | Nov 7, 2012 9:31 PM CST

I wrote an editorial regarding Apple a month ago now, and it seems that my words are ringing more and more true every day that passes. Apple's stock prices hit a peak of just over $700, where virtually every news outlet was covering it.

Now that Apple stock prices are tanking, we're not hearing about it. We're not a biased news site, so you won't just get news when tech companies are doing glowingly well, as it's when they're doing bad that we should really stand up and pay attention. Think about it, in the last month, we've seen some of the biggest releases from Apple, and I would dare say the most amount of releases of top-end products from a company, ever.

We've seen the iPhone 5, fourth-generation new new iPad, the iPad mini, new Retina-based iMacs, the 13-inch MacBook Pro, and new iPods. On top of this we've seen the launch of iOS 6, and OS X Mountain Lion. With all of these releases, one would think that Apple would be hitting the high notes and seeing their stock prices climb, considerably.

Continue reading: Apple stock continues to dive, has gone from their peak of $700 per share to just $558 now (full post)

Ferrari's Board of Directors gets a new member in the form of Apple's Senior Vice President Eddy Cue

Trace Hagan | Nov 7, 2012 7:26 PM CST

Ferrari and Apple, what do they have in common? Sleek looks, performance, something else? Well, while they might not have much in common right now, they now have a shared employee. Apple's Senior Vice President, Eddy Cue, has joined Ferrari's Board of Directors, probably to aid in adding electronic technology to the vehicles.

Cue said:

I am pleased and proud to become a member of the board. I have personally dreamed of owning a Ferrari since I was 8 years old and have been lucky to be an owner for the past 5 years. I continue to be awed by the world-class design and engineering that only Ferrari can do.

Continue reading: Ferrari's Board of Directors gets a new member in the form of Apple's Senior Vice President Eddy Cue (full post)

Apple gets a taste of its own medicine, told to pay $368.2 million to VirnetX

Trace Hagan | Nov 7, 2012 6:34 PM CST

Apple has been hit with a judgement requiring them to pay $368.2 million for infringing on VirnetX Holding Corp's patents regarding virtual-private-network technology. VirnetX's stock has, of course, jumped on the news of the jury's ruling, and went up at least 23 percent to $32.44.

VirnetX has previously sued Microsoft--and won--regarding the exact same technology that they have just successfully sued Apple form. Microsoft decided to hand over $200 million in a settlement, which took place in 2010. The jury ruled that Apple's FaceTime on iPhone, iPod touch, iPad, and Macs infringe upon four of VirnetX's patents.

"This victory further establishes the importance of our patent portfolio," VirnetX Chief Executive Officer Kendall Larsen said in a statement.

Continue reading: Apple gets a taste of its own medicine, told to pay $368.2 million to VirnetX (full post)

THQ is in trouble financially, delays the release of three games including Metro: Last Light

Anthony Garreffa | Nov 7, 2012 6:36 AM CST

THQ's stock has dropped 50%, and as a big publisher in the gaming industry, they've been experiencing a very dismal 2012. THQ have been firing staff in both external and internal studios, with a lawsuit from Adidas over the incompletion of its micoach app not helping, or their stock prices.

THQ were close to being delisted from NASDAQ fror dropping below the $1.00 prerequisite that allows you on the exchange, but in July they were able to claw themselves back from that threshold, just. They've grown since then, but the latest drop has seen them slide to $1.74 per share, a 42% drop.

On top of this, the company has announced delays for three of their upcoming games: South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light. Metro: Last Light was poised for a 2012 release, but has now been pushed back to March 2013. THQ have said that South Park: The Stick of Truth will be released, at the earliest, in April 2013. THQ president, Jason Rubin, has said:

Continue reading: THQ is in trouble financially, delays the release of three games including Metro: Last Light (full post)