Janusz Ordover, a New York University economics professor, said Samsung “distorted” the process through which a standard- setting body in Europe set industry requirements based on its wireless-technology patents. Ordover testified yesterday at the end of a three-week long intellectual-property trial in San Jose, California.
Ordover, hired by Apple as an expert witness, said Samsung “acted in a way that evidences it has gained monopoly power by making licensing demands to Apple that are inconsistent” with reduced licensing rates required of patents used by the European Telecommunications Standards Institute to set technological requirements.
Samsung has declared the patents “essential” and is seeking as much as $399 million in royalties from Apple for infringing them, according to court testimony. Apple has argued in court filings that Samsung can’t assert its claims on the two patents because it didn’t properly disclose them to the institute.
Testimony concluded yesterday at the trial. U.S. District Judge Lucy Koh limited each side to 25 hours and Samsung told the court that it declined to cross-examine Ordover due to the time constraints. Koh said she aims to finish with jury instruction arguments by the end of Aug. 20 and to have the companies present closing arguments Aug. 21. Jury deliberations may begin later that day.
Apple, based in Cupertino, California, sued Samsung in April 2011, accusing it of copying patented designs for mobile devices, and Suwon, South Korea-based Samsung countersued.
As hundreds of residents in Washington and California were allowed to return to homes once threatened by major wildfires, some people were told to evacuate as encroaching blazes neared Idaho towns.
The towns of Pine and Featherville remained in the path of a 113-square-mile wildfire that has been burning for two weeks. Authorities had been asking residents to prepare to leave.
“It’s a very active, very dangerous fire,” said fire information officer Steve Till. Crews “were prepared for it but civilians are probably much better not being here.”
Till said Friday that projections show the fire could reach the towns within 24 to 36 hours. The blaze has also stranded the tiny town of Atlanta to the north because the roads leading in and out of it were under threat, he said.
Authorities also warned residents to leave ahead of a nearing wildfire in Custer County. The sheriff’s office told some residents that if they did not evacuate by Friday evening, officials could not guarantee their safety
Over three-fourth of senior business leaders surveyed in India believe top executives at large public companies are paid “too much”, says a report.
Indian businesses strongly support greater shareholder involvement in setting CEO compensation and would rather opt for a more transparent machinery, according to Grant Thornton International Business
About 70 per cent of Indian business leaders (higher than global average of 67 per cent) believe shareholders should have greater involvement in remuneration policy for senior executives at large public companies, a survey in the report said.
“As much as 78 per cent believe that senior executives are paid too much,” it added.
“Senior executives have to clearly demonstrate performance, and tangible, measurable value, to the ones who matter most -the shareholders,” Grant Thornton India Partner and Practice Leader, Business AdvisoryServices Vinamra Shastri said.
With respect to Indian executive compensation Grant Thornton, however, said “the proportion of family-owned and family-managed businesses is larger in India. Hence, the opinion of the value that professionals bring, and the rewards they subsequently get, may be lower in some cases.”
The 5-foot-7, 191-pound Demps played in 12 games last season at Florida, rushing for 569 yards and six touchdowns.
He had 31 rushes for more than 20 yards while with the Gators, most in the Southeastern Conference since 2008. He finished his collegiate career with 2,470 yards rushing and 23 touchdowns in four seasons.
Demps also was a standout sprinter for the Gators and is the only Florida athlete to have won a national championship in two sports.
Demps’ biggest impact could be on the Patriots’ return game, where coach Bill Belichick said Wednesday the team is looking for improvement.
“He had a little bit of production,” Patriots director of player personnel Nick Caserio said. “How that translates over, the schemes are different. Any returner that comes into the NFL, whatever they did in college schematically is probably going to be a lot different than what we’re going to ask him to do.”
The frenzy surrounding the release of a new iphone hit Wall Street on Friday, pushingApple Inc.’s stock to an all-time high — even though there has been no official product announcement or launch date from the company.
Shares closed at $648.11, up nearly 1.9%. They’re up more than 22% since May, when iPhone 5 rumors began to swell.
The stock surge comes ahead of a widely expected new iPhone rumored to be unveiled Sept. 12 in San Francisco, with the smartphone expected to hit store shelves a couple of weeks later.
Based on recent checks with Apple’s Asian suppliers and images purportedly showing the revamped device, technology analysts say they expect a handset with a larger screen, high-speed 4G LTE connectivity, a better camera, faster processors and a smaller dock connector.
Wall Street has also been buzzing with speculation that Apple may introduce a smaller, 7.85-inch ipad to compete with rival tablets such as . And there’s a rumor that Apple might also introduce an iTV television set, although most analysts say they think a TV announcement won’t happen until later this year or next year.
“We continue to believe that a smaller form factor iPad is indeed imminent,” Barclays analyst Ben A. Reitzes said this week in a note to investors. “We believe that a smaller iPad will combine the ease of use expected of Apple products with high-performance hardware in a size that is more conducive as a companion device, remote, e-book or game player.”
Peter Misek, a managing director at Jefferies, raised his price target for Apple shares to $900 from $800 on Friday and said he expected the iPhone 5 to be “the biggest handset launch in history.”