A jury late Friday in San Jose, Calif., awarded Apple $1.05 billion in the closely watched patent case, ruling that the Korean phone giant had "willfully" infringed a number of "valid" Apple iPhone patents.
The landmark case could have major implications on the technology landscape, bolstering Apple's confidence in the ongoing tech patent wars.
Samsung, however, looks likely to appeal the ruling.Apple shares, which hit a new all-time high last week, rose 2.83% to $682.02 on Monday. The Cupertino, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 476,723. The verdict sent premarket ripples through Silicon Valley. Google (GOOG - Get Report), which makes the Android operating system used on many of Samsung's phones, was down 1.85% to $666.10 before market open. BlackBerry maker Research In Motion (RIMM), a rival of both Apple's iOS and Android, climbed 6.34% to $7.38. The Canadian handset maker was also the most active premarket Nasdaq stocks on share volume of 499,963. Microsoft (MSFT - Get Report), which touts its Windows Phone operating system, was up 1.21% to $30.93. Away from all the Apple/Samsung brouhaha, virtualization specialist VMware (VMW - Get Report) is holding its annual VMworld conference in San Francisco this week. The software maker's shares crept up 0.86% to $93 early on Monday. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices