Judge Koh Gives Samsung Christmas Gift
Apple (NASDAQ: AAPL) may have won the war, but Samsung (OTC: SSNLF) has been afforded the right to still fight the battle. Judge Lucy Koh decided on Tuesday afternoon that both companies will not be discussing the pending ban on eight Samsung devices until December 6, leaving most of the holiday shopping season open.
According to The Verge, Koh moved the upcoming September 20 hearing to December due to the fact that Apple's injunction request was quite extensive. Thus, Koh believes it makes sense to couple the injunction and post-trial judgment requests in the same hearing months down the road.
"The delay can't make Apple happy — but to be fair, Koh did warn that she had an extremely crowded court calendar immediately following the trial, so this kind of delay is something both parties knew was a possibility," The Verge reported.
Although Apple may be peeved over the date switch-up, the company certainly has enough legal drama to occupy its time until December. Apple's courtroom battles with other tech giants are heating up, as HTC Chair Cher Wang has made it clear that Samsung's defeat will not hinder plans to move forward with a patent lawsuit the company has filed against Apple.
DigiTimes reports that although Apple has initially won the fight against Samsung's devices, Wang stated that the win does not determine the entire Google (NASDAQ: GOOG) Android system as a failure.
Bank of America happens to agree with Wang, as the research firm recently noted that it does not expect a major disruption in Android sales following the loss, as the infringing devices are older Samsung models.
Benzinga recently came to the same conclusion, as Samsung sales actually jumped higher on the verdict, leaving many stores sold out of the popular phones.
However, the lawsuit did not conclude without some damage to Samsung's stock. The company was trading down more than 7 percent following Apple's win, and it appears the stock has continued to cascade downward. Samsung is down approximately 12.4 percent in pre-market trading on Wednesday.
Perhaps holiday sales and the fact that older models are on ban-watch will entice investors to once again put their faith (and cash) behind Samsung stock. For the time being, it appears those who scampered off may have found a new place to dwell, as Apple shares are up 66.62 percent year-to-date, trading around $674.50.
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