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Thread: Creative settles patent dispute for 100-mln-dollar bite of Apple

  1. #1

    Default Creative settles patent dispute for 100-mln-dollar bite of Apple

    Apple Computer announced it would pay Singapore-listed Creative Technology 100 million dollars to settle a dispute over patented technology used in iPod and Nano MP3 players.

    The deal ended a budding legal battle that began earlier this month after Creative was awarded what it referred to as a "Zen patent" on technology used to select and sort songs in its Zen MP3 player.

    Creative went to US court, and the US International Trade Commission, to accuse Apple of infringing on its patent by using the technology in iPod and Nano players.

    "Creative is very fortunate to have been granted this early patent," Apple chief executive Steve Jobs said in a statement.

    "This settlement resolves all of our differences with Creative, including the five lawsuits currently pending between the companies, and removes the uncertainty and distraction of prolonged litigation."

    Apple would pay Creative 100 million dollars for a license to use the technology and would be able to recover some of the money if Creative licensed the patent to others, according to the companies.

    Under the terms of the settlement, Creative, an Apple rival in the MP3 player market, would also begin marketing its own line of iPod accessories as part of Apple's "Made for iPod" program.

    "We're very pleased to have reached an amicable settlement with Apple and to have opened up significant new opportunities for Creative," said Creative chairman and CEO Sim Wong Hoo.

    "Apple has built a huge ecosystem for its iPod and with our upcoming participation in the Made for iPod program we are very excited about this new market opportunity."

    Creative expected the licensing windfall to boost its current fiscal quarter earnings by 85 cents per share.

    Creative settles patent dispute for 100-mln-dollar bite of Apple

    -Channelnewsasia 7.04am

  2. #2
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    i'll be interested if they gimme that share of the apple pie...
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    A USD$100m settlement?

    Finally some kind of undertable truce huh? Creative is definitely not going to win if it drags on. Creative files a single suit, Apple hits back with 5. Creative digs up 10, Apple fires back 20. Whoever has a smaller financial muscle will bite the dust.
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    so in this case you're saying apple has smaller muscles?
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Share price up 20% in early morning trade. Good time to go in for the long haul, I think this settlement can only mean good things for Creative.

  6. #6

    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    100 million is lota money...............
    Objection !!!

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    erm.. this spike in share price doesn't mean much to me. it's just a windfall for those that held onto their ever devaluating shares.
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  8. #8

    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Hey, bad for Apple, good for Creative.
    Nothing to do with me.
    But now I will have cheaper iPod accessories. Yay!

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    http://forums.macrumors.com/showpost...postcount=115/
    It's a win-win situation for both Apple and Creative.
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  10. #10

    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Quote Originally Posted by akane
    http://forums.macrumors.com/showpost...postcount=115/
    It's a win-win situation for both Apple and Creative.
    They better... cuz sumsung juz cam up wif a ZenPod Killer.
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Quote Originally Posted by jsbn
    A USD$100m settlement?

    Finally some kind of undertable truce huh? Creative is definitely not going to win if it drags on. Creative files a single suit, Apple hits back with 5. Creative digs up 10, Apple fires back 20. Whoever has a smaller financial muscle will bite the dust.
    haha.. hard to say who got smaller financial muscle..

    besides, Creative is one of the major hardware manufacturer to export a lot of products into USA. If the law suit drags on, both sides stand to lose a lot of money and share prices.

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    the lawyers lost
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    so, will iPod be cheaper now?

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Quote Originally Posted by zcf
    the lawyers lost
    As long as there's a court battle, lawyers always wins.
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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    looking forwards to a cheaper zen instead of apple.
    time to upgrade my 2yrs old 256mb creative nano

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Quote Originally Posted by Paul_Yeo
    so, will iPod be cheaper now?
    I think will b more ex.. need to cover the 10 million..

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Apple taking care of little brother.
    US and Sing relations are extremely good.
    Politicians on both sides will never want 2 companies to spoil it.
    It is not allowed. Period.

    (sorry guys, self-edited as the rest too sensitive to mention and a lot of people will be unhappy, though I personally believe to be true)
    Last edited by ricohflex; 25th August 2006 at 06:19 AM.

  18. #18

    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Quote Originally Posted by brian
    As long as there's a court battle, lawyers always wins.
    When Lawyers Win, They get the money. When Lawyers Lose, They still get the money.

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    Default Re: Creative settles patent dispute for 100-mln-dollar bite of Apple

    Apple wins....

    With $100million, all past iPods with the interface are no longer infringing on the patent. With the new partnership, new iPods can use the interface. Plus, it has a new provider for accesories.

    And...... if you are apple... say steve.... what would you have done... fire a few counter suits to drive creative price down.... buy em up... settle for $100 million... knowing that creative does not have the financial or legal expertise for a long drawn lawsuit and will just take the money... and see your shares shoot up.... not bad....

    Heck, I won't be surprise if apple just absorb creative after a few years of cooperation... maybe finally you can have radio on the iPod.
    Last edited by Zplus; 25th August 2006 at 09:35 AM.

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