This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's Win Ushers in an Era of Nastiness in Tech

NEW YORK ( TheStreet) -- There's always been a fine line between "flattery" and theft. After all, it's broadly understood that imitation is the best form of flattery. While that may be great with best friends who may decide to buy the same dress, in the corporate world too much flattery keeps lawyers employed.

There's no better example of this today than what has been going on between tech giants Apple (AAPL - Get Report) and its suit against South Korean giant Samsung.

Since recently becoming the world's No. 1 device manufacturer topping Nokia (NOK - Get Report) in terms of sales, Samsung has earned more than its share of attention from Apple. Samsung, whose Galaxy devices are based on Google's (GOOG - Get Report) Android platform, have proven to be the only true challenger to the iPhones and iPads.

Now we know why. Apple, which has long claimed that Samsung willfully copied its design, has been awarded $1 billion by a jury which found Samsung guilty of infringing on Apple's patents.

The verdict only made official what everyone already presumed to be true. It is no secret that Samsung drew a considerable amount of inspiration from the original iPhone launched January 2007.

Prior to that, Samsung's models more closely resembled phones from Nokia and to some extent, Blackberry models from Research in Motion (RIMM) with no touch screen.

However, after Apple released its first iPhone, things changed for Samsung as its design suddenly got slicker with touch capabilities. These facts did not escape the verdict.

What's more, as substantial as the $1 billion penalty may be, there remains the possibility that it can triple by virtue of the fact that Samsung's actions were considered deliberate. Apple has essentially sent a clear message to the rest of the industry that it will not let its hard work in R&D and other capital investments be stolen by rivals with track records of inferior designs. In other words, it is time of rivals to start planting their own trees.

Impressively, with one single verdict, Apple is able to weaken two primary rivals in Samsung and Google, which licenses its Android operating system to the South Korean company's phones as well as tablets.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.48 0.57%
GOOG $743.96 -0.84%
NOK $7.21 0.28%
MSFT $54.42 0.91%
FB $104.25 -1.10%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs