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Technology Stocks : Apple Inc.

AAPL 267.26

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3:59 PM EST

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From: Moonray	2/27/2014 1:53:46 PM
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Surprise, surprise: Apple’s Complaint Against Samsung Rejected By South Korea’s Antitrust Agency South Korea’s Fair Trade Commission has rejected Apple’s ( NASDAQ:AAPL) claim that Samsung’s (SSNLF.PK) lawsuit against the Cupertino-based company in that country is in violation of antitrust laws, reports the Korea Times. In the complaint that was originally filed in April of 2012, Apple claimed that Samsung’s lawsuit over the iPhone maker’s use of a standard essential patent (SEP) was a violation of the Korea-based company’s FRAND (fair, reasonable, and non-discriminatory) licensing obligations. The SEP in dispute covers a 3G data transmission method that is essential for Apple’s mobile devices. However, Korea’s FTC questioned if Apple had truly made a good faith effort to negotiate with Samsung over licensing fees. “What’s important is how sincerely the two companies tried to resolve the patent dispute, but it is difficult to believe that Apple was sincere in negotiating with Samsung to iron out their differences,” stated an FTC official via the Korea Times. “Therefore, we don’t think Samsung unfairly used the lawsuit to hinder Apple’s business activities.” More at: wallstcheatsheet.com o~~~ O

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