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Apple (NASDAQ:AAPL), the world’s most valuable publicly traded company in history, recently won $1.05 billion in a long-running patent case against rival gadget maker Samsung. Nine jurors came to the conclusion that Samsung copied critical and patented features of the iPhone and iPad. The case has far reaching consequences in the tech industry, but one Internet giant is seeking to minimize the effects.
The patent decision could impact companies such as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK), but Google (NASDAQ:GOOG) appears to be the next major company in the spotlight. According to people familiar with the matter, Google CEO Larry Page and Apple CEO Tim Cook have been meeting together behind closed doors to discuss intellectual property matters, including the mobile patent disputes between the two tech juggernauts.
Reuters reports, “The two chief executives had a phone conversation last week, the sources said. Discussions involving lower-level officials of the two companies are also ongoing. Page and Cook are expected to talk again in the coming weeks, though no firm date has been set, the sources said. One source told Reuters that a meeting was scheduled for this Friday, but had been delayed for reasons that were unclear. The two companies are keeping the lines of communication open at a high level against the backdrop of Apple’s decisive legal victory in a patent infringement case against Samsung, which uses Google’s Android software.”
One source also said that the two companies may be able to work out a resolution involving disputes over basic features and functions found in Google’s Android mobile software. However, the exact details are still unknown.
While Apple has received some criticism for its lawsuit against Samsung, Cook made it clear that legal action was only taken after discussions alone were unsuccessful. In an internal memo, Cook explained to Apple employees, “Today was an important day for Apple and for innovators everywhere. Many of you have been closely following the trial against Samsung in San Jose for the past few weeks. We chose legal action very reluctantly and only after repeatedly asking Samsung stop copying our work.”
Investor Insight: Has Apple Entered BUBBLE Territory?
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