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Samsung Loses $1 Billion in Market Value After U.S. Veto on Apple Ban, Files Appeal Against Patent Ruling

BaldiMac said:
So if you acknowledge that this instance was "the most egregious abuse of the system", why do you keep implying that there was favoritism involved?
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Because the government should not intervene only to stop the "most egregious abuse of the system" leaving the merely "egregious abuse of the system" alone. In the past there were already plenty of abuses of the system deserving a veto which was never issued. I have my doubts the government would have vetoed a ban were not a popular american company selling very popular products involved.

But I agree that maybe it's just me not believing in coincidences. Maybe the fact that the government is acting only now is indeed a coincidence and it's truly acting because it finally figured out that patents are out of control. If this veto is just a first step which will bring a better patent system for all companies all the better. For sure it must not stay an exception.
 
Good. Samsung is a company built on stealing ideas, not from just Apple, but other companies as well. Look at Google, they are staring to push their own hardware more and more to keep Samsung from destroying android.
 
bsolar said:
Because the government should not intervene only to stop the "most egregious abuse of the system" leaving the merely "egregious abuse of the system" alone. In the past there were already plenty of abuses of the system deserving a veto which was never issued.
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That's some crazy logic.

I have my doubts the government would have vetoed a ban were not a popular american company selling very popular products involved.
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Well, if your doubts come to reality...

But I agree that maybe it's just me not believing in coincidences. Maybe the fact that the government is acting only now is indeed a coincidence and it's truly acting because it finally figured out that patents are out of control. If this veto is just a first step which will bring a better patent system for all companies all the better. For sure it must not stay an exception.
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Or, maybe, it's about standards essential patents exactly like it claims to be.
 
BaldiMac said:
Or, maybe, it's about standards essential patents exactly like it claims to be.
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Although I still have my doubts I admit that it's plausible. Were this the case it would be a pity if they don't take the chance and review patents in general together with SEPs.
 
maxosx said:
Yes it's particularly bothersome to watch as Apple who's already stashed over 80 billion in off shore tax shelters, plus continues to sell massive quantities of their product, isn't impacted to any great degree by Samsung. Not only that Apples already ahead of the game with their stores, all the press that are on their side, and able to sell anything they build.
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Apple certainly aren't the lovable underdog anymore that's for sure.
 
mtneer said:
No I am not contradicting. I am saying the US should do it as long as the Koreans, amongst others, do not play on a level playing field. And Apple is "my interest" as a shareholder - and as a company listed on a stock exchange regulated by the US Government, its fair game to have the government intervene.
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No, what you said is that SK should completely open up its economy - while the US is doing the opposite.

Also, just because you're a shareholder doesn't make this a matter of national interest. There are plenty of US citizens who own Samsung stock and they just got hurt by this, some of them massively.

No government should intervene in the free market. Regulating markets is what socialism is all about.

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racer1441 said:
Good. Samsung is a company built on stealing ideas
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Yeah, just like Apple.

http://www.youtube.com/watch?v=8QzJa_OU0tI
 
infantjoe said:
Since Samsung has become the supplier of Apple again, can they find another way of dealing with apple?
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Sorry that sounds infantile, besides SAMSUNG is not going to jeopardize billions of $$ in contracts with APPLE. Business is business.


pirg said:
The power to veto is also part of the laws of the land. Checks and balances or something
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quagmire said:
You don't think South Korea protects their industries too? South Korea, China, Japan, etc are all very protective of their industries.

And the US has protected their industries too. Steel companies, airline industry, the automotive industry(chicken tax and the bailouts), etc.

This wasn't simply the government giving Apple special treatment.
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gnasher729 said:
You seem to think that the US government acted somehow outside the law. But what they did was actually exactly what they are supposed to do: When the USITC makes a decision, it is actually up to the government to either accept or reject the decision.

You should also note the fact that in the EU, Samsung was threatened with major (multi billion dollar) fines if they should attempt to ban iOS devices over standard essential patents, which is exactly what they managed to do in the USA. If Samsung had gone to a German or French equivalent of the ITC and not the US one, _Samsung_ would have received a major fine.

But someone else found what is likely the reason for the government rejection of the ITC decision which you can check out at here:

http://tech.fortune.cnn.com/2013/08/05/apple-samsung-itc-pinkert/

Dissenting opinion by one of the ITC judges involved. According to this, the ITC decision was very, very wrong in the first place.
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Agreed x3.

thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
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I can certainly see, how that might go over in the rest of the world, from an optics point of view, but as noted by some other posters, if you look at the rationale behind the veto from an objective angle, the 'Pinkert' dissenting opinion, quoted by gnasher729 above, is a powerful argument.
 
kis said:
No government should intervene in the free market. Regulating markets is what socialism is all about.
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In socialism the issue is not regulation, it's state ownership and control of the market. Even in a liberal free market regulation is necessary (e.g. to guarantee fair competition).
 
bsolar said:
In socialism the issue is not regulation, it's state ownership and control of the market. Even in a liberal free market regulation is necessary (e.g. to guarantee fair competition).
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I disagree. In a democratic society the free market regulates itself. While not always fair, it's a proven system that until recently was highly respected, successful and self sustaining. Sadly the shift in power, and the anti-business attitude of the inexperienced humans at the top of the hierarchy, along with a society that rewards rock star status to pretty people that act cool and detached, has skewed the opinions of many somewhat uninformed Americans.

Lacking experience, knowledge and clarity, they buy into the easy, attractive concept involving redistribution of wealth. Why work for it, when Santa Claus will magically appear and take from the rich to please the poor. Entitlement is a word that many are in love with even if they can't spell it.
 
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
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The reason the Obama Admin. vetoed this is because Samsung was not allowing Apple to pay Frand rates to use Samsungs ip. This is not a fair business practice and so they get a big Veto. Apple would happily pay frand rates, but Samsung over played their hand and so they get this. ;)
 
Obviously Samsung has to defend their position, but all they would have to do change their UI (app launcher + other functionality) to something other than something that apes the iPhone UI as Windows did with Windows Phone and everyone could get on with business as usual.
 
Imhotep397 said:
Obviously Samsung has to defend their position, but all they would have to do change their UI (app launcher + other functionality) to something other than something that apes the iPhone UI as Windows did with Windows Phone and everyone could get on with business as usual.
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Wrong thread? :confused:
 
maxosx said:
I disagree. In a democratic society the free market regulates itself. While not always fair, it's a proven system that until recently was highly respected, successful and self sustaining. Sadly the shift in power, and the anti-business attitude of the inexperienced humans at the top of the hierarchy, along with a society that rewards rock star status to pretty people that act cool and detached, has skewed the opinions of many somewhat uninformed Americans.
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Until recently when? As example antitrust laws in the US are more than a century old and it's definately a kind of regulation you need to keep a free market healthy.
 
Rogifan said:
Oh good grief. Samsung stock was down ~1% today. Big deal. Apple had lost billions in market value in a single day for no reason many times. This really is a non story.
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I agree 100%.

The flash crash a while back was much worse for Apple. Samesung will bounce back eventually.
 
BaldiMac said:
Would you please elaborate on what you mean? Seems like a veto to me.
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If you go and read the letter where it was claimed they state they have vetoed, the word veto is not mentioned ONCE and the conclusion of it is not worded as such. If you wish to know where the guy is coming from, go and read the letter that was the original part of this story, one or two posts below this story on the front page.
 
thepowerofnone said:
Not surprised. The veto was a really, really stupid thing to do. These devices aren't on sale anymore, with the exception of the iPhone 4 which is soon to be redundant too. It looks like Apple is being uniquely protected by the American government - its the sort of thing you might expect of a news report out of China, not the States.

Laws are laws; whether the patent battles are silly or not, a judge rules that a sales ban was necessary and the US government just went over their heads.
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What are you, North Korean?

I think this is brilliant. Samsung are scum. End of conversation.
 
apolloa said:
If you go and read the letter where it was claimed they state they have vetoed, the word veto is not mentioned ONCE and the conclusion of it is not worded as such. If you wish to know where the guy is coming from, go and read the letter that was the original part of this story, one or two posts below this story on the front page.
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:confused: So you think if they don't call it a veto in the letter, it's not a veto?!

http://www.merriam-webster.com/dictionary/veto
 
apolloa said:
If you go and read the letter where it was claimed they state they have vetoed, the word veto is not mentioned ONCE and the conclusion of it is not worded as such. If you wish to know where the guy is coming from, go and read the letter that was the original part of this story, one or two posts below this story on the front page.
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? It's a veto.
 
paul4339 said:
Yup. Apple needs to pay up ... the same price that everyone else pays.
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the whole point of FRAND is for there to be a fair licensing fee's just like samsung does not understand copyright and patents law...

if this is samsung back up plan it never worked ...
 
BaldiMac said:
Would you please elaborate on what you mean? Seems like a veto to me.
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Like I said. Read.

The letter linked in the original MacRumors article is from the U.S. Trade Representative, NOT the President of the United States. In the letter, he clearly states that the President delegates authority to the U.S. Trade Representative to "disapprove", "approve", or "take no action" on the exclusion order.

The President didn't do anything. And the U.S. Trade Representative DID NOT issue a "veto" - he can't. He only "disapproved" the order.

Just because MacRumors puts a misleading headline claiming a Presidential veto doesn't mean you should blindly believe it without doing a little reading.
 
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