They are damned privileged -- they have the spare c(R)ash!:( -- knotty Desi who wroks heART for his esteAmedReaders, some dimes:):)
FRom the NST online edition on Bluesy Mondae:
27 August 2012 | last updated at 10:45AM
Samsung shares plunge after US Apple patents verdict
SEOUL: Shares in Samsung Electronics opened 6.75 percent lower Monday after a US court fined the South Korean firm $1.05 billion for breaching Apple’s patents.
A woman walks past a signboard of Samsung Galaxy S3 at a mobile phone shop in Seoul on August 27, 2012. Shares in Samsung Electronics opened 6.75 percent lower on August 27, 2012 after a US court fined the South Korean firm 1.05 billion USD for breaching Apple's patents. AFP
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After 15 minutes of trading the shares had fallen by 6.81 percent to 1,187,000 won.
A jury in San Jose, California ruled Friday that Samsung infringed six Apple patents for smartphones or tablet PCs.
Analysts said the judge in the case could later decide to triple the damages because jurors found Samsung acted “wilfully”. They rejected the Korean firm’s counterclaims against Apple.
Samsung has said it would contest the verdict.
“The context of the loss in this case is a lot worse than had been expected,” including the amount of damages Samsung is now facing, said Hi Investment and Securities analyst Song Myung-Sup.
If the ruling leads to a US sales ban on the Samsung products subject to dispute, it will start eating away the company’s revenue from the fourth quarter, Song said.
Analysts said a key point would be whether the patents battle spreads to Samsung Electronics’ flagship Galaxy S III phone. The products ruled to have infringed Apple’s patents are all older models. AFP
Read more: Samsung shares plunge after US Apple patents verdict - Latest - New Straits Times http://www.nst.com.my/latest/samsung-shares-plunge-after-us-apple-patents-verdict-1.129845##ixzz24jTMdBPl