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Samsung says to book patent provisions after U.S. ruling
October 26, 2012 / 2:51 AM / 5 years ago

Samsung says to book patent provisions after U.S. ruling

SEOUL (Reuters) - Samsung Electronics Co Ltd will book patent-related provisions once a U.S. court makes a ruling on its over $1 billion litigation with Apple Inc, it said on Friday.

People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012. REUTERS/Kim Hong-Ji

“The amount of provisioning will be fixed according to U.S. court ruling, and the costs will be set aside this quarter only if there’s a ruling within the current quarter,” Robert Yi, head of Samsung investor relations, told analysts.

A U.S. federal jury said in late August that Samsung had copied key features of Apple’s iPhone, and awarded Apple $1.05 billion in damages.

Apple has since asked for additional damages of $707 million, and the California court is set to rule on the case in early December.

Reporting by Miyoung Kim; Editing by Daniel Magnowski

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