“Senator Kelly Ayotte (R-N.H.) broke from the larger topic of discussion to talk intellectual property with Cook during Tuesday’s Senate hearing on taxes. Asked by Ayotte about the intellectual property benefits of running a company based in the United States versus those in other countries, Cook responded that, actually, the U.S. system could use improvement,” Bostic reports. “‘I actually think,” Cook said, ‘that we require much more work on IP in this country.’”
Bostic reports, “Cook specifically pointed out the slowness of the U.S. court system, which can take years to resolve or even come to trial. The process, Cook said, is ill-suited to deal with the realities of the technology sector, which can move through several cycles in the time it takes the court system to resolve one case. ‘The U.S. court system is currently structured in such a way,’ Cook said, ‘that it’s currently difficult to get the protections a technology company needs, because the cycle is very long.’”
Read more in the full article here.
MacDailyNews Take: Seoul won’t be pleased to hear even mere talk of this. The glacial pace of the court systems in the U.S. and elsewhere a major component of Samsung Electronic’s business plan.
It used to be that the knockoff peddlers of the world would embrace, extend, and extinguish. Now they just steal, stall, and stuff their pockets.