Key Developments For Apple Inc.
Apple Inc. (AAPL.O) (Nasdaq)
Apple Inc. Wins Important Round In Psystar Copyright Case-DJ
Dow Jones reported that Apple Inc. has won an important round in its legal battle against Psystar Corp., which sells computers based on the Apple Macintosh operating system. Apple Inc. first accused Psystar of copyright infringement in a lawsuit filed in July 2008, which was about four months after Psystar began selling its machines. Recently, both sides asked U.S. District Judge William Alsup to decide on many of the case's key issues, including, as Psystar alleges, whether Apple is abusing its Macintosh software copyright. On Friday, Alsup ruled in Apple's favor and against Psystar. Psystar's use of Mac OS X has been in excess and has violated Apple's copyrights, the judge wrote at one point in his 16-page order. The decision appears to gut Psystar's entire line of defense, according to the legal Website Groklaw. Psystar is toast, Groklaw wrote.
StarHub Ltd. Reaches Deal With Apple Inc. To Offer iPhone In Singapore-DJ
Dow Jones reported that StarHub Ltd. said it reached an agreement with Apple Inc. to start offering the iPhone in Singapore later this year. StarHub Ltd., in a statement, said it will provide more information on the pricing, tariffs and the date of the device's availability in due course. The statement did not specify which model of Apple Inc. 's touchscreen device will be offered.
Nokia Oyj Sues Apple in Federal District Court in Delaware for Patent Infringement
Nokia Oyj announced that it has filed a complaint against Apple with the Federal District Court in Delaware, alleging that Apple's iPhone infringes Nokia patents for GSM, UMTS and wireless LAN (WLAN) standards.
Apple Inc. Issues Q1 2010 Outlook; EPS Outlook Below Analysts' Estimates
Apple Inc. announced that for first quarter of 2010, it expects revenue in the range of about $11.3-$11.6 billion and diluted earnings per share (EPS) in the range of about $1.70-$1.78. According to Reuters Estimates, analysts were expecting the Company to report revenues of $11.5 billion and EPS of $1.93 for the same period.
AT&T Inc. Allows Internet Voice Calls On Apple Inc.'s iPhone-Reuters
Reuters reported that AT&T Inc. will open its third generation wireless network to third party internet voice applications on Apple Inc.'s iPhone, clearing the way for services such as Skype. AT&T, which has exclusive rights to the iPhone, said in a statement that it informed Apple and the U.S. Federal Communications Commission of its decision, which was in response to a regulatory inquiry into the wireless industry.
