That's what one lawsuit is pushing for, even if it seems a little over the top. Apple (AAPL) - Get Report has been a constant target among those looking for patent infringement payouts, facing 92 lawsuits over the past three years.
However, one in which the company lost cost it $625 million. Making matters worse for the tech titan is the company they lost to -- VirnetX -- is coming after it in this lawsuit as well.
The company claims that Apple infringed on its patents and damaged its opportunities for video chat (via FaceTime) and messaging apps (iMessage).
The company filed its lawsuit in the East Texas district courts, which is apparently friendly when it comes to those seeking patent infringement damages. Whether this amounts to anything or not has yet to be seen, and if the courts really were to hand down such a severe punishment, investors know Apple management wouldn't be happy about that outcome.
Shares of Apple closed at $100.35 Friday, down slightly on the day.
The IPO market, particularly for tech, has been pretty quiet so far this year. The way the stock market started off the year though, with an enormous decline through mid-February, it's not surprising new companies didn't want to enter the volatile fray.
Not that they would have had a welcoming response from investors, who at the time were even selling high quality stocks. Odds are they wouldn't greet new stocks with unproven track records with open arms.
But now that stocks are within a stone's throw of all-time highs and the market (for now) looks to be a bit less volatile, the IPO market is starting to find some participants. Specifically, cloud-based company Twilio is looking to make a name for itself, and plans to raise as much as $100 million.
To be listed on the NYSE under the symbol "TWLO," the company brought in over $165 million in revenues in 2015, up big from the $49.9 million in had in 2013. Despite the sales, the company reported a loss of $35.5 million last year.
At this time, it's not yet known how many shares the company plans to sell or at what price. That makes finding a valuation difficult, although during a previous funding round last April, Twilio was valued near $1 billion.
Verizon (VZ) - Get Report has agreed in principle to a four year deal with its two unions, workers of which have been striking for some six weeks now. The news comes just ahead of Memorial Day weekend, giving some 40,000 workers something to smile about. Well, that is assuming the two sides put pen to paper and make it official.
The deal likely works out best for both parties, as Verizon has had to rely on making temp workers out of the nonunion workers it already had on hand. But as you can imagine, this type of plug-n-run approach was really just a Band-Aid for a wound that needed real attention.
Although Verizon has been trying to shrink its pool of union employees -- and has succeeded, seeing nearly a 50% decline in a little more than 10 years -- the recent strike was beginning to impact business. Let that go on for too long, and competitors would start taking market share.
That's not good for business, or investors.
Shares of Verizon closed at $50.62 Friday, up 0.9%.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.