In fact, I was so sure about the eventual verdict that I spent little time following the case.
Samsung will likely appeal. The terms of the outcome could change over time. Various people will say various things about the implications of this narrowly focused, but still epic trial. While it kept the tech geeks entertained, all that matters to investors is the bigger picture.
And that bigger picture might (hopefully) incite true change in the tech space once and for all.First, Steve Jobs put it all to rest when he introduced iPad 2 in March 2011. He foreshadowed the verdict via his brilliant copycat slide. Before anybody says anything about what happened in Silicon Valley on Friday, they should remember that Jobs built Apple and, without him this company can never be the same. The jury vindicated Steve Jobs one year after he handed the CEO reigns to Tim Cook. How incredibly fitting. Jobs included several companies other than Samsung on that brilliant slide. For example, he also punkslapped Hewlett-Packard (HPQ) and Research In Motion (RIMM) . It remains to be seen if anybody else broke the letter of the law while trying to "compete" with Apple. But as things go in the apparently innovative tech sector, most everybody made a mockery of the spirit of the law. As I argued in July 2011 over at Seeking Alpha, one of the few smartphone and/or tablet-producing companies that doesn't copy Apple lock, stock and barrel is Amazon (AMZN):
I went bearish on [RIM] partially because of the company's apparent inability to do anything other than put out cheap imitations of [Apple] products. And, as Apple CEO Steve Jobs noted when introducing iPad 2, RIM is not alone ...Practically every smartphone and tablet produced since the iPhone and iPad did nothing other than cheaply imitate Apple. Steve Jobs produced products that people love. The so-called competition could do nothing other than hope to pick up Apple's scraps with cheap knock-offs. Clearly, it didn't work. As Samsung gets embarrassed in court, don't forget about the other offenders. RIM and HP look equally as bad with inventory write-downs and strategy shift after strategy shift. It's a strange irony: As usage of mobile devices goes through the roof, much of the industry sits in disarray. If it did not promote Android as an open system, Google (GOOG) would likely qualify as part of the larger mess.
Using this type of logic, I should chide [Amazon] for the same, yet I do not ... A couple of differences exist between an innovative company like Amazon playing copycat and the old guard or beleaguered companies like RIM and Motorola doing likewise.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV