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$1B wiped off Samsung’s value following Presidential veto; Samsung continues appeals

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Photo: tractoroutdoor.com

Photo: tractoroutdoor.com

The WSJ reports that more than a billion dollars were wiped off Samsung’s market value today following President Obama’s veto of the decision to ban the import of iPhone 4 and 3G iPad 2 devices into the USA. The fall represented 0.9 percent of the company’s market cap.

While a Presidential veto over-rules the original ITC ruling, the Financial Times reports that Samsung is appealing the ITC decision on the grounds that it only upheld one of the four patents it believes Apple has infringed. The appeal is expected to be held in Q1 2014. Were Apple to lose then, however, the impact would be significantly lower, as Apple is almost certain to have launched new iPhones and iPads by then, with the iPhone 4 and iPad 2 likely removed from Apple’s retail and online stores and seeing only residual sales elsewhere … 
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USPTO rejects Oracle’s patent claim on Google Android

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The United States Patent and Trademark office delivered a final rejection to Google at the expense of Oracle.

According to Groklaw, the USPTO issued the rejection Dec. 20 in the reexamination of Oracle’s U.S. Patent No. 6,192,476. Each claim of the patent was subject to reexamination, including Claim 14, which was the only claim asserted by Oracle in the litigation.

The USPTO rejected 17 of the 21 claims in the patent of discussion, including seven of the patent’s independent claims. Any response by Oracle seeking an appeal or reconsideration of this action is due Feb. 20.

Continue reading past the break for more background information on the Oracle vs. Google patent claims.


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