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Patents The Courts Apple

Apple Paid Nokia $2 Billion To Escape Fight Over Old Patents (theverge.com) 35

An anonymous reader shares a report: Apple's latest patent spat with Nokia resulted in a $2 billion up-front payment from the iPhone maker, a colossal sum that seems to indicate Apple was eager to avoid a protracted and ugly dispute that could rival the one it had with Samsung. The new details of the settlement, which was first announced back in May without the disclosure of a financial amount or the new licensing terms, were spotted in Nokia's second quarter earnings release. "We got a substantial upfront cash payment of $2 billion from Apple, strengthening further our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings," reads the official transcript of Nokia's quarterly earnings call with investors yesterday. Neither Nokia nor Apple have disclosed the terms of the new licensing deal, including whether it involves recurring payments or how many years it will be in place.
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Apple Paid Nokia $2 Billion To Escape Fight Over Old Patents

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    • Steve Jobs hated paying dividends (profit which is supposed to go to stockholders). Apple stopped paying dividends when Jobs was re-hired in 1995, and started paying them again shortly after his death in 2012. The $200+ billion in cash Apple has in the bank almost exactly equals how much it should have paid out in dividends [statista.com] during Jobs' reign. So I suspect what happened is the board complied with Jobs' wish not to pay dividends to stockholders, but only on the condition that they bank it so they could de
      • by tlhIngan ( 30335 )

        Steve Jobs hated paying dividends (profit which is supposed to go to stockholders). Apple stopped paying dividends when Jobs was re-hired in 1995, and started paying them again shortly after his death in 2012. The $200+ billion in cash Apple has in the bank almost exactly equals how much it should have paid out in dividends during Jobs' reign. So I suspect what happened is the board complied with Jobs' wish not to pay dividends to stockholders, but only on the condition that they bank it so they could decid

  • by msauve ( 701917 ) on Friday July 28, 2017 @11:22PM (#54902361)

    "...our plans is to... " reads the official transcript...

    With $2,000,000,000, they should be able to pay someone who can write in English.

    • by aliquis ( 678370 )

      With $2,000,000,000, they should be able to pay someone who can write in English.

      With 2 billion dollars they could likely get me to try to learn finish even though I don't know grammar at any language at all and it seem like such a pain (then again to be fair they have had to learn Swedish so ..)

  • I though Nokia and Apple settled their patent problems in 2011 [theguardian.com]

  • Two billion doesn't go that far today.

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