HTC stock tumbles after Apple’s new patent lawsuit

“Shares in the world’s No.5 handset maker, HTC Corp (2498.TW), tumbled more than 4 percent on Tuesday, after Apple Inc. sued the company in a fresh complaint with a U.S. trade panel,” Clare Jim reports for Reuters.

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“Apple Inc filed its latest complaint against HTC with a U.S. trade panel over unspecified portable electronic devices and software, according to the panel’s web site,” Jim reports. ” Last year, Apple filed a separate action against HTC with the U.S. International Trade Commission, where HTC then leveled its own patent infringement claims against Apple. Preliminary rulings for those cases are expected this week.”

Read more in the full article here.

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12 Comments

  1. Usually these lawsuits don’t amount to a hill of beans. Witness Google’s constant and flagrant breach of patents with total impunity. As long as you employ an army of lawyers and a boatload of Washington lobbyists, you can tie down the legal process in years with red tape, decades even if you’re willing to go through the appeals process. By the time judgment is rendered the underlying technology might be rendered moot.

    It’s time consuming in the extreme. I think it might turn out to be like Sisyphus rolling a rock forever uphill.

    1. That’s why Apple (and Microsoft) are targeting handset makers, not Google directly. Microshaft is extracting tolls from handset makers, eliminating the notion that Android is “free.” Apple’s patent lawsuits are a nuclear threat, they take time to get through the system, but many handset makers will settle on a cash basis and agree not to do certain things in the future.

      At the end of the day, this makes Android a more and more painful option for the HTCs and LGs and Motorolas of the world. Apple will love to drive them into the arms of Microsoft, because an iOS vs Windows Phone 7 choice plays into Apple’s hands–it’s like asking which Korea you’d rather live in?

      1. Bad example on the Koreas. Democracy versus Communist Celestial Dictatorship (Kim Jung Il’s dead father is still the residing leader). I think that Korea choice is easy– my brother in law has been there for nearly 10 years. Making good coin, first democracy to go paperless in schools, better health care than North America. What’s your point Bubbles?

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