Samsung pays Apple $1B settlement in 5c coins

[FGII-XR6]

Samsung have paid their $1B court ruled settlement in truck loads of 5c coins . unlike Australia the US have no restrictions on the number of coins deemed to be legal tender .

http://thebladebrownshow.wordpress.c...-5-cent-coins/

This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.
The funny part is that the signed document does not specify a single payment method, so Samsung is entitled to send the creators of the iPhone their billion dollars in the way they deem best.
This dirty but genius geek troll play is a new headache to Apple executives as they will need to put in long hours counting all that money, to check if it is all there and to try to deposit it crossing fingers to hope a bank will accept all the coins.
Lee Kun-hee, Chairman of Samsung Electronics, told the media that his company is not going to be intimidated by a group of “geeks with style” and that if they want to play dirty, they also know how to do it.

[Mr Brooksy]

What was the lawsuit for again?

Was it because Apple sued Samsung for using round edges? Or was it that they made a black phone?

[Mitch_]

you know this is fake right haha

[FGII-XR6]

something along those lines I know it was something silly.

Originally Posted by Mr Brooksy

What was the lawsuit for again?

Was it because Apple sued Samsung for using round edges? Or was it that they made a black phone?

[jpblue1000]

http://www.snopes.com/politics/satire/samsung.asp

JP

[Professor Farnsworth]

Yes, 100% hoax.

[Kable72]

This has been floating around the internet for a fair while now.

[FGII-XR6]

Oh well it's good for a laugh

[BPXR6T]

I paid for a pizza like that once

[jpblue1000]

Originally Posted by BPXR6T

I paid for a pizza like that once

Bloody expensive Pizza then!

[duaned]

It's as fake as a decent Apple product.

[zilo]

Ever since I read that Iphones were able to be remotely, covertly operated by Apple Inc in terms of video, microphone etc turned on remotely I decided to never get one.

[ILLaViTaR]

Hopefully in 50yrs time human labour will be far too expensive to abused so blatantly over such childish emotional bullshit. Good on ya Samsung for sending the world backwards with the rest of the like.

But because of this they're now providing thousands of jobs so good on Samsung!!! We also can't forget to give credit to all the arsonists in this country for providing us with thousands of job every summer too. I'd also like to thank all the kids out there for bottling people like my hard working parents at the train station and for providing thousands of jobs there too.

Any more backwards capitalism out there destroying capitalism? Oh wait there's Ford and Holden in the 21st century.

What a waste of human resources.

[xxx000]

^^ people still haven't got the idea

the 'news story' is fake like so many floating around the internet

[a-total-tool]

Originally Posted by BPXR6T

I paid for a pizza like that once

Thank god that this is not legal tender in Australia. The most you can pay is $5 in 5c coins.

http://banknotes.rba.gov.au/legaltender.html

[mik]

I like it even if its not fairdinkum, not an apple fan by any stretch of the imagination.

[ILLaViTaR]

Originally Posted by xxx000

^^ people still haven't got the idea

the 'news story' is fake like so many floating around the internet

So you're effectively saying Ford and Holden boost the economy and this backwards capitalism issue which is my entire point in my post doesn't exist in todays world?

Ok

[RANGEREST]

Originally Posted by ILLaViTaR

So you're effectively saying Ford and Holden boost the economy and this backwards capitalism issue which is my entire point in my post doesn't exist in todays world?

Ok

Originally Posted by xxx000

^^ people still haven't got the idea

the 'news story' is fake like so many floating around the internet

Take a chill pill

[Iggypoppin']

This reminds me of a clip I saw on Facebook of a young man going into a bank in Adelaide and changing ~$60 into small silver (5 and 10c) pieces then going into the Adelaide city hall and attempting to pay a fine with it. Pretty funny stuff, he was obviously not going to get far with it though.

[NickyN]

Ok, I KNOW this is a fake article.

Still, just wanted to point out at those coins aren't 5c coins, they are 1c pennies.

[chevypower]

Originally Posted by NickyN

Ok, I KNOW this is a fake article.

Still, just wanted to point out at those coins aren't 5c coins, they are 1c pennies.

Australians haven't used 1c coins for 20+ years so they have forgotten what they are lol.

[Yellow_Festiva]

Sorta in the spirit of the thread ;)

http://finance.ninemsn.com.au/newsbu...ng-patent-case

A US federal jury has ordered Samsung to pay $290 million in damages to Apple in a partial retrial of a blockbuster patent case involving the two smartphone giants.

The award revises the $450 million in damages originally granted in the landmark suit, but thrown out by a judge. It is in addition to nearly $600 million in patent infringement damages upheld from the trial last year.

Apple calculated the combined total of the damages awards in the case at slightly less than $930 million.

"For Apple, this case has always been about more than patents and money," the iPhone, iPad, iPod and Macintosh computer maker said in a released statement.

"It has been about innovation and the hard work that goes into inventing products that people love. While it's impossible to put a price tag on those values, we are grateful to the jury for showing Samsung that copying has a cost."

Samsung, however, in a statement said it would "move forward with our post-trial motion and appeal."

"We are disappointed by today's decision, which is based in large part on a patent that the US Patent and Trademark Office has recently deemed invalid," the company added.

Apple has accused its South Korean rival of massive and willful copying of its designs and technology for smartphones and tablets and won the landmark case in a jury decision in August 2012. But the case has been on hold pending multiple appeals.

The original verdict for more than $1 billion was reduced in March when Judge Lucy Koh invalidated some $450 million and ordered a retrial on parts of the case.

The six-woman, two-man jury in Koh's courtroom in San Jose, California, reached a verdict on the third day of deliberations.

Jurors interviewed after the verdict said that a lack testimony by Samsung executives and evidence from the South Korean consumer electronics giant tilted deliberations in Apple's favor.

"Samsung could have come up with a little more evidence to support their case," said jury forewoman Colleen Allen, a 36-year-old emergency room nurse who has served as a US military combat medic in Afghanistan.

She was adamant that, in her mind, Apple did not have a home team advantage in the US courtroom.

"Apple designers may be down the road here, but both companies make things somewhere else and ship them in so they are on an even battlefield in that regard," Allen said.

The youngest member of the jury, Justine Aguilar-Blake who will be 27 years old on Friday, said some members of the panel appeared to know little about the smartphone business.

"A few of the other jurors didn't even know how to use a smartphone," said Aguilar-Blake, who told of wanting to award Apple less money but joined in the unanimous verdict because of Samsung's lack of supporting evidence.

Even though Apple won the landmark case last year, this has not had much impact on new smartphones hitting the market, though the California maker of the iPhone is seeking injunctions to bar some Samsung products from being sold in the United States.

Further complicating the case, Samsung has asked the judge to stay proceedings pending a decision by US patent officials as to whether a "pinch-to-zoom" feature at issue in the trial has a patent that is valid.

The California case is among several pending in courts and administrative agencies around the world between the two electronics giants, each of which accuses the other of infringing on its patents.

After years of following and refining the iPhone's pioneering innovations -- a strategy that resulted in bitter patent battles with Apple -- Samsung has dethroned its rival to become the world's top smartphone maker.

Samsung extended its lead over Apple in the global smartphone market in the third quarter, according to the IDC survey.

Samsung had 31.4 percent of the market. Apple, meanwhile, sold 33.8 million iPhones in the quarter, but its growth was slower than the overall market, so its share slipped to 13.1 percent from 14.4 percent a year ago.

This one is real BTW

Tell ya what... had no idea that Samsung had over double the market share of Apple... assumed it was the other way around actually..

[Revolver]

Originally Posted by Yellow_Festiva

Tell ya what... had no idea that Samsung had over double the market share of Apple... assumed it was the other way around actually..

Well if Apple stop pumping out the same re-hashed shyte, unlocked thier phones that are so restrictive, open up more to app developers and actually re-innovated something again, Im sure it would turn around.

Like the I phone 5. A bit more processing power and the EXACT same look as 4 just a little bit longer to support another row of apps. YAHOO! Yep, cause thats what I wanted to replace my iPhone 4.....

[DaveD]

^ dude, you forgot the capacitive back button haha

[Adamz Ghia]

Originally Posted by Yellow_Festiva

Sorta in the spirit of the thread ;)

http://finance.ninemsn.com.au/newsbu...ng-patent-case



This one is real BTW

Tell ya what... had no idea that Samsung had over double the market share of Apple... assumed it was the other way around actually..

In this case, it's not about how many you sell, it's about how much you make per unit and Apple is streets ahead on this area. They have so much cash they have no idea what to do with it...

[ILLaViTaR]

Originally Posted by xxx000

^^ people still haven't got the idea

the 'news story' is fake like so many floating around the internet

EDIT: I'm quite aware of that thanks

[GasoLane]

Originally Posted by Adamz Ghia

In this case, it's not about how many you sell, it's about how much you make per unit and Apple is streets ahead on this area. They have so much cash they have no idea what to do with it...

And Samsung don't have as much cash as Apple ?

[Adamz Ghia]

Originally Posted by GasOLane

And Samsung don't have as much cash as Apple ?

Nope, not even in the same ball park. Apple currently have $147 billion in cash just sitting there, while Samsung have $40 billion in cash.

[FPV_Steve]

I could help them spend some of their $147 billion of cash that is just sitting there