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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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From: Moonray	12/18/2012 7:58:10 AM
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Samsung Says It Will Drop Lawsuits Against Apple in Europe By Aoife White - Dec 18, 2012 7:20 AM ET Samsung Electronics Co. (005930) will withdraw patent lawsuits targeting Apple Inc. (AAPL)’s use of its technology in European countries, the company said today. “Samsung has decided to withdraw our injunction requests against Apple on the basis of our standard essential patents pending in European courts, in the interest of protecting consumer choice,” the Seoul- based company said in an e-mailed statement today. The decision on European lawsuits comes hours after a U.S. court ruled it wouldn’t ban sales of 26 Samsung products in a patent lawsuit. The two companies have clashed over the intellectual property behind the $219 billion smartphone market, even after Apple settled all its lawsuits with HTC Corp. last month. Samsung has tried to hit back after a California court ruled in August it had to pay $1.05 billion for copying Apple products. “We strongly believe it is better when companies compete fairly in the marketplace, rather than in court,” Seoul-based Samsung said in the statement. Samsung’s injunctions also triggered a European Union antitrust investigation that examines whether the company violated agreements to license standards-essential patents to other mobile-phone manufacturers on fair terms. To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net. To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net o~~~ O

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