Ericsson and Apple decided a patent dispute out of court

Ericsson and Apple decided a patent dispute out of court

22.12.2015 News

Ericsson and Apple decided a patent dispute out of courtLast winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment.

The company managed to resolve the conflict before the court. According to informed sources, the dispute is now settled in the United States, Britain, Germany and the Netherlands.

In addition, the two companies signed a patent cooperation agreement. Financial details of the agreement were not disclosed. This agreement implies that one party grants to the other one intellectual property rights to several patents.

According to experts, the agreement between the two companies, will help Ericsson significantly increase their revenues. They predict that the Swedish manufacturer of equipment revenue will rise from 9.9 billion kronor ($ 1.15 billion) to 13-14 billion kronor ($ 1.52-1.64 billion).

Ericsson representative Kalsim Alfalahi said the company is very pleased with the agreement with the American corporation Apple, it will help them to reach a new level in sales, open up new opportunities in production and this agreement will serve as a good start for further close cooperation between the two large companies.

This agreement is concluded for a period of seven years. So the companies not only to resolve the conflict before the court, but has also become a promising business – partners.

After signing an agreement with Apple, Ericsson shares immediately jumped 7% on Monday. Analysts estimate the deal positively, noting that it will increase the income of companies and bring new technologies to the world.

Source: www.wsj.com

Other articles

  • Alibaba invests in the largest hypermarket operator in China
    News

    Alibaba invests in the largest hypermarket operator in China

    The largest Chinese Internet company Alibaba Group Holding Ltd. will acquire from Auchan Retail International shares of the largest Chinese hypermarket operator Sun Art Retail Group for $ 3.6 billion, according to the press release from Alibaba. “Alibaba is investing $ 28 billion ($ 3.6 billion) to acquire … 70.94% of Auchan Retail’s stake in […]

  • LVMH`s revenue for the nine months fell by 21%
    News

    LVMH`s revenue for the nine months fell by 21%

    Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

  • NASA has signed the contract with Nokia to launch 4G on the moon
    News

    NASA has signed the contract with Nokia to launch 4G on the moon

    NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]

  • Ministry of Health: medication from COVID-19 are already being transported to Ukraine
    News

    Ministry of Health: medication from COVID-19 are already being transported to Ukraine

    Chief State Sanitary Doctor, Viktor Liashko, said that the drug “Remdesivir”, which was planned to treat patients from the coronavirus, have already been purchased, and the party is taken to Ukraine. He said the news in the interview with Radio Svoboda on Sunday, October 18. “And now it is being transported to the territory of […]

  • Poland postponed the beginning of the exploration of gas in Ukraine
    News

    Poland postponed the beginning of the exploration of gas in Ukraine

    Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

  • Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen
    News

    Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen

    The robotics company Miso Robotics has launched the robot Flippy, which is able to replace part of the staff in the kitchen of the restaurant. “Flippy goes on sale in the midst of the pandemic and supports the cooking of 19 different dishes, including fries and burgers made of the artificial meat of the Impossible […]

  • Ukrainian banks for three months closed 250 branches
    News

    Ukrainian banks for three months closed 250 branches

    In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]

  • In Japan reported about cyberattacks on the vaccine developers
    News

    In Japan reported about cyberattacks on the vaccine developers

    Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

Read also

Ericsson and Apple decided a patent dispute out of court
News

The SEC has begun testing the Chinese video service iQiyi

The US Securities and Exchange Commission (SEC) began to test the Chinese video streaming service under the iQiyi subscription, similar to Netflix. The inspection was reported by the Chinese company. In this statement, the ADR companies which trading on the Nasdaq, fell by 13% in price. The paper of Baidu, the main shareholder of iQiyi, […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Ukrainian exchange receives a loss of 1,4 million UAH

In January-September 2016, the Ukrainian exchange has received a loss in the amount of 1,365 million hryvnias against a profit in comparison with the same period of 2015 (0,963 million hryvnias).The exchange provided such information  in its financial statement. The exchange assets have reduced by 3,89 million hryvnias to 38,863 million hryvnias for 9 months due […]

Next
Ericsson and Apple decided a patent dispute out of court
News

For the development of the Nika-Tera was invested 235 million UAH.

In the structure of total turnover in 2015 was dominated transshipment of grain crops – 55.3% (2.32 million tons). Total the terminal transshipped 4.2 million tons. Marine Terminal “Nika-Tera” handled 236 ships in 2015, overloaded 4.2 million tons of cargo, – reported AgroTimes. “The volume that we had planned to port transshipment in 2015, carried […]

Next
Ericsson and Apple decided a patent dispute out of court
News

EX.UA sells its domain for $1m

According to Segodnya.ua,  EX.UA has declared  the domain sale  for 1 million dollars in connection with the termination of work since 1st of December 2016.  There is reported on the website: “We notify that the most expensive UANET domain is sold. The EX.UA domain price is  1 million dollars. 100% of proceeds will be spent for […]

Next
Ericsson and Apple decided a patent dispute out of court
News

“Food Solutions” reconstructs an abandoned cattle-breeding complex in Cherkassy region

The “Food Solutions” company reconstructs an abandoned cattle-breeding complex, which will include almost 5 thousand heads of young cattle in Sokolovka (Zhashkivskyi district, Cherkasy region),- says  the  “Uriadovy Courier”. According to the report, it has already made a significant range of works on the reconstruction of a cattle-breeding premises, and service buildings. In each of […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Myronivsky Hliboproduct has agreed with the creditors

Eurobond holders of the agricultural holding Myronivsky Hliboproduct  (MHP) for $ 750 million with a circulation period to 2020 agreed to soften some of the conditions of securities’ circulation. According to the Interfax-Ukraine, they agreed to change the definition of “consolidated net income” to exclude the impact of exchange rate differences during any period starting […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Ukrainian Audit Service has found violations by almost 35 million UAH in 2016 in Kirovohrad region

Over the past year the delegates of Ukrainian Audit Service in Kirovohrad region conducted 65 testing procedures and found deviations from the financial and budgetary order in the amount of more than 34 million UAH. As a result, it provided compensation of faults that provoked leakage of financial and material resources in the amount of […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Adobe demonstrated the best third quarter in its history

Shares of Adobe Systems, which rose to 76% over the past 12 months, increased by 2.8% after the announcement of a strong 3rd quarter, traditionally considered seasonally weak. “Adobe has demonstrated the best third quarter in our history,” said Shantanu Narayen, president and CEO of Adobe. “We are confident that our leadership in digital services […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Ukrzoloto opens the store in Poland

Ukrzoloto opens the  jewelry store under the brand “Golden Place” in Wroclaw (Poland). “For placing  the store the company chose a location in the largest shopping center in Wroclaw –“Aleja Bielany” , – says a member of the board of the “Ukrzoloto” Andrei Zhuk. Over 30 thousand jewelry brands: SoVa, Roberto Bravo, Kimberli, Golden Silver, […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Ukraine plans to sell the Odessa Port Factory with the discount

The State Property Fund (SPF) of Ukraine expects to announce the second tender for sale of “Odessa Port Plant” in late summer – early autumn. This was stated by Igor Bilous, head of the State Property Fund at a press conference in Kyiv on Tuesday. “We expect to start the second round at the end of […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Economic Court of Odessa region has entered rehabilitation procedure “Odessa Oil and Fat plant”

Economic Court of Odessa region has introduced the procedure of readjustment PJSC “Odessa Oil and Fat Plant”, 29 July 2016. This is stated in the relevant court judgment in the case №916/4932/15. The case of bankruptcy of PJSC “Odessa Oil and Fat Plant” Court of Odessa region was initiated December 28, 2015. Manager of readjustment has […]

Next
Ericsson and Apple decided a patent dispute out of court
News

LVMH`s revenue for the nine months fell by 21%

Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Asian company Wilmar will invest funds in building enterprises in Ukraine

The Wilmar company plans a further expansion in Ukraine. This was told by the Chairman of the Board of Directors of the company “Delta Wilmar CIS” Dhuraba Charan Panda, said the Forbes publication. For example, in the B2C segment by building a new or purchasing an existing Ukrainian enterprise. The final choice has not been […]

Next
Ericsson and Apple decided a patent dispute out of court
News

JPMorgan Reports Quarterly Revenue Growth Because Of The Investment Unit Strength

JPMorgan shares increased because of the announcement of financial results for the 2nd quarter ended on June 30. Since the beginning of the year, JPMorgan shares have lost almost 30% because the global COVID-19 pandemic has hit the global economy, and the US Federal Reserve has cut rates to zero greatly reducing the profitability of […]

Next
Ericsson and Apple decided a patent dispute out of court
News

The Unison Bank filed a lawsuit against the National Bank and the Deposit Guarantee Fund

The shareholders of the Unison Bank filed two lawsuits to the District Administrative Court of Kyiv, demanding to recognize the illegal and to cancel the decision of the Board of the NBU on the recognition of the bank insolvent. In the complaint the bank also requires to cancel the decision of the Deposit Guarantee Fund […]

Next
Ericsson and Apple decided a patent dispute out of court
News

Ukrainian scientists won a grant to develop the vaccine against COVID-19

Two scientists from Lviv won the competition of projects of the National Research Fund of Ukraine. They will be provided with funds for developing a vaccine against the corona virus COVID-19, as well as to create a new generation of antibiotics. This was announced on Wednesday, September 9, by the head of the Lviv Regional […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com