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The Courts Apple

Apple Faces Billionaire Khosla in Goliath v. Goliath Tech Suits (bloomberg.com) 16

The iPhone maker, VC veteran are fighting for heart-health tracking market. From a report: There's an unwritten rule for technology startups: Never challenge Apple in court if you want to survive. The world's most valuable company has a track record of success in a long string of David versus Goliath battles over cutting-edge, life-changing technologies. But billionaire Vinod Khosla is no lightweight. He's one of Silicon Valley's most celebrated venture capitalists, and he's used to playing long odds on the startups he backs. Khosla Ventures LLC put itself on a collision course with Apple when it moved into the personal health and fitness space a decade ago and invested in AliveCor, a maker of cardiac monitoring devices and software. What might have been a big partnership opportunity for AliveCor in the years following the release of the Apple Watch in 2015, to offer watch bands that monitor heart health, has turned into a messy court fight.

Now, instead of riding Apple's coattails as a prominent player in the wearable medical device market, forecast to grow to $132.5 billion by 2031, AliveCor's Food and Drug Administration-approved technology is inaccessible to the tens of millions of people who buy Apple Watches every year. The startup is in its third year of trying to prove to judges that the iPhone maker brazenly copied its heart-monitoring technology and sabotaged AliveCor's ability to offer its own product on the Apple Watch. Apple has parried with claims that its smaller rival's patent-infringement and antitrust claims are meritless -- and with counterattacks alleging that AliveCor is the imitator.

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Apple Faces Billionaire Khosla in Goliath v. Goliath Tech Suits

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  • If apple wipes out a small company, unless they are backed by a billionaire?
  • Apple Faces Billionaire Khosla in Goliath v. Goliath Tech Suits

    No slings in sight. Just as well, you could put an "i" out with those. :-)

    • Apple isnt a billionaire. Apple is a trillionaire. This isnt Goliath v Goliath.
      • Apple is a trillionaire

        As of last month, Apple had $332.16 billion in assets and a total equity of $62.16 billion. Other than depreciation, the value of those assets is practically guaranteed. On the other hand, a company's market cap is not really much different from a person's investment portfolio: its current value is based almost entirely on unrealized gains and those gains could vanish with little to no warning. If you disagree, have a conversation with someone who was looking to retire shortly aft

        • Given that the market values them in the trillions today, thats what they could theoretically raise against.
  • by vilain ( 127070 ) on Tuesday May 23, 2023 @05:07PM (#63546421)
    I've long waited for Khosla to either die or be rendered penniless by his own foolishness. I hate what he did with his little strip of Martin's Beach just because he can. The State of California is suing him. And now Apple is going after a project he's funding. Ultimately, I want to see his ashes scattered at Martin's Beach after his estate returns it to the State. Pity he doesn't seem to have any kids to squabble over his business and estate SUCCESSION-style.
  • Many of the lawsuits Apple is involved with are similar to the story of David and Goliath since Apple is one of the biggest companies in the world, and therefore makes everyone else look so much smaller. The main difference, though, is that the majority seem to root for Apple instead of "David". It says a lot about the success of a company's marketing department when the masses want to see a juggernaut crush an underdog.

He has not acquired a fortune; the fortune has acquired him. -- Bion

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