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Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (26802)	8/4/2013 11:36:35 PM
From: puborectalis	1 Recommendation Recommended By Zen Dollar Round Respond to of 32692

SEOUL--More than $1 billion was wiped out of Samsung Electronics Co.'s market value early Monday following a surprise decision by the Obama administration over the weekend to veto an import ban on some Apple Inc. products in the U.S., dealing a blow to the South Korean company just as it is seeking to expand its footprint into the U.S. smartphone market. Early Monday, South Korea's biggest company by market capitalization fell 0.6% to 1,278,000 won($1,137), wiping out $ 1.05 billion off Samsung's market capitalization. All eyes are now on a Friday decision from the International Trade Commission which is slated to decide whether to ban certain Galaxy mobile product imports to the U.S. after Apple filed a complaint alleging patent violation. Samsung products subject to the decision later this week include some older models of Galaxy smartphone and tablets including the Galaxy S, Galaxy S II, Galaxy Tab 10.1 but not Samsung's latest products including the Galaxy S III or the Galaxy S4. Read more: nasdaq.com