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valuevulture999 (70.07)

June 2011

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Nokia beats Apple!

June 14, 2011 – Comments (3) | RELATED TICKERS: AAPL , NOK

For those of you who have been watching the roller coaster ride by owning Nokia stock, this should bring a smile to you face. This morning Apple agreed to settle with Nokia for Technology patent violations regarding cellphone touch screen interface. The unofficial settlement is that Apple must pay Nokia $500 million to license the technology from Nokia to avoid further litigation. It seems they are not invincible after all.  This should be a bright spot for Nokia financials since the recent bad press lately about their deteriorating business as they switch to the Windows 7 mobile platform. They have been increasingly begun using their vast patent library to begin litigation against all handset makers to at least slow them down and gain some serious cash so they don’t lose too much market share before the new phones come out at the end of Q4 in 2011.  [more]

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