April 29, 2024

Apple and Samsung CEOs to Discuss Settlement One Last Time

Posted August 20, 2012 at 2:36pm by iClarified · 6759 views
Apple and Samsung CEOs are set to discuss settlement of their patent infringement lawsuits one last time before a U.S. jury begins deliberations, reports Bloomberg.

Apple CEO Tim Cook and Samsung CEO Kwon Oh Hyun will participate in the telephone discussion today.

As testimony in the trial drew to a close, Koh asked that the CEOs talk, and said she was "pathologically optimistic" they could settle claims over patents for smartphones and tablet computers. Heads of the two companies met before the trial began and were unable to reach a settlement. The two sides reported Aug. 18 that they had made no progress in narrowing the claims in the suit. The two sides are still filing motions with the court about jury instructions and exhibits.

Apple was $2.5 billion in damages from Samsung for copying the iPhone and iPad. Samsung wants about $400 million in royalties from Apple for infringing on its patents.

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