Fox Business Network's Charlie Gasparino reports that there is concern in Apple's boardroom. According to his sources, the board of directors is getting antsy about the pace of innovation under Tim Cook's leadership. He stated that his "sources are solid on this thing," and the "pressure is on to innovate and do something fast." "There is now on the board level a recognition that something needs to be done about the future in terms of what's in pipeline, what they are going to do in the future and are they innovating enough and is Tim Cook innovating enough as CEO," Gasparino said. He added that nevertheless, the board is still 100 percent behind Cook, and the "concern" doesn't mean that the board is getting a CEO search underway. Read More Click Here To say Apple's got a lot going on this Friday is, perhaps, putting it lightly. The tech company is duking it out against Samsung in two separate legal arenas, both over possible sales bans on phones in the U.S. and potentially the future of patent law. Apple's also going up against the Department of Justice to argue over what happens to its e-books business since losing that case last month. Here's a quick primer about what's going on with each of those on Friday, and why they're important. Apple vs. Samsung / Samsung vs. Apple The two companies will face a panel of judges at the United States Court of Appeals for the Federal Circuit to argue over permanent injunctions that could keep 26 of Samsung's smartphones from being sold in the U.S. The jury in that case (which went to trial a year ago this month) found Samsung guilty of infringing on several Apple patents, and on the hook for more than $1 billion in damages. Since then, District Judge Lucy Koh has ordered up a new trial for some of the devices, splitting off nearly half of that total, which could go up or down depending on how that next trial plays out. Legal onlookers are watching the outcome of this particular case closely, since the ruling could change the legal test courts use to evaluate patent infringement. Specifically, that's whether just a few patents can affect the sales of devices that combine so many features and technologies. "This isn't just for Apple and Samsung," said Chris Carani, a partner at McAndrews, Held & Malloy. "Most products are multifaceted now. It's rare you have a patent that's directed at every part of a product. It's usually just a particular aspect." Depending on the decision, the case could be passed back down to Judge Koh for more evaluation. Read more Click here |
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