Rating: Agreement means current litigation between the 2 is dismissed
Is this more than just a co-incidence? How come HTC and Apple have chosen November 11th to end their legal battles. After all, in Europe – at least – today is Armistice (Rememberance) Day which the marks the cessation of hostilities between the two side in World War 1. Luckily they didn’t send out the release at 11 am. Anyway the two major handset vendors say they have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement.The terms of the settlement are confidential. but you can bet your bottom dollar that Samsung would just love to know what they were.
Significantly, the license extends to current and future patents held by both parties, so hopefully there will be no World War 2 between the two companies.
HTC is happy. Peter Chou, CEO with HTC observed, “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation.”
Apple’s take on the agreement is slight different. The company is claimed the end of these disputes will aid it in its quest for more radical products to keep the Apple brand alive.
“We will continue to stay laser focused on product innovation,” said Apple’s current CEO – Tim Cook. “We are glad to have reached a settlement with HTC.”
Well, if it is possible to settle with HTC, then theoretically it should be feasible for Apple to reach similar agreements with Google and Samsung.