May 20, 2012 8:54 am
Samsung and Apple execs will be sitting down tomorrow in San Francisco to potentially find some resolution to their ongoing patent disputes. There’s no telling what will come out of the meetings, but Magistrate Judge Spero requested both manufacturers to come with “a candid evaluation of the parties’ likelihood of prevailing on the claims and defences.”
Apparently there’s approximately 10 patent infringement cases between them in ten different countries and they do about $8 billion in business together every year. Today, on Reuters, JK Shin, President of Samsung Mobile, stated “There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing.” The next couple days will be interesting and you can expect even more bold claims such as a potential “cross-licensing” agreement.
A few weeks ago Apple’s CEO Tim Cook said “We just want people to invent their own stuff. And so if we could get to some kind of arrangement where we could be assured that’s the case and a fair settlement on the stuff that’s occurred, I would highly prefer to settle versus battle,”