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10 million patents, 10 million dreams, countless jobs and growth

“Fortunately, our Founding Fathers knew this and created an inventor-based patent system instead of a crony-based innovation system” reports washingtonexaminer.com. And today, we are seeing a patent system and a leader of the patent office poised to make America’s innovation system great again.However, we also need to understand that each patent is only as good as the system defending those same patents.The next generation of inventors are still in their garages waiting to file the next million patents and grow the economy even more.One of his first helpful actions is…

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How U.S. tax reform rewards companies that shift profit to tax havens

“However, the effective tax rate that will apply is half the U.S. tax rate of 21 percent, or 10.5 percent” writes Midwest Communications Inc for 95kqds.com. Typically, these rules allow governments to tax income reported in tax havens as though it arose in the home country.Sometimes the U.S. distribution profit is not enough to cover group costs incurred in the United States.The new tax bill cuts the overall corporate tax rate to 21 percent, and allows income from overseas to be taxed at about half that rate – to as…

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U.S. jury awards Apple $539 mln in Samsung patent retrial -CNET

“May 24 (Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million Apple Inc for copying patented smartphone features, technology publication CNET reported, bringing a years-long feud between the technology companies into its final stages” writes Reuters Editorial for reuters.com. The world’s top smartphone rivals have been in court over patents since 2011, when Apple filed a lawsuit alleging Samsung’s smartphones and tablets “slavishly” copied its products.Samsung previously paid Apple $399 million to compensate Apple for infringement of…

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Apple Says It Wasn’t About Money After Samsung Loses Patent Bet

“Samsung previously paid Apple $548 million — $399 million for products that infringed the design patents plus more for infringing a utility patent not at issue in the retrial” writes Joel Rosenblatt for bloomberg.com. Apple said in a statement after the verdict that the case “has always been about more than money.” The case is Apple Inc. v.The damages retrial before Koh gave Samsung a chance to argue Apple wasn’t entitled to all of its profit from the infringing phones, and recoup at least some of the money. Source: bloomberg.com Share…

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Apple awarded $539 million in damages from Samsung in patent battle

“Apple awarded $539 million in damages from Samsung in patent battle The Apple vs Samsung patent war that started in 2011 has experienced a new twist, with a jury revising the amount Apple was awarded from its original $1 billion to about half that amount” reports slashgear.com. The patent battle started in April 2011 when Apple accused Samsung of infringing some of its patents and trademarks with certain smartphone models. Source: slashgear.com Share This:

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Jury sides with Apple in long-running Samsung patent case, awards $533M in damages

“After over 4 days of jury deliberation in the Samsung vs Apple patent battle, we finally have a verdict” writes Friday Lock – for 9to5mac.com. During the week-long trial, Samsung and Apple argued over the meaning of “article of manufacture.” Apple claims that the design patents cover the look of the entire iPhone design, with the article of manufacture being the entire Samsung phone. Source: 9to5mac.com Share This:

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U.S. jury awards Apple $539 million in Samsung patent retrial: CNET

“Samsung previously paid Apple $399 million to compensate Apple for infringement of some of the patents at issue in the case” reports businessinsider.com. The jury awarded Apple $533.3 million for Samsung’s violation of so-called design patents and $5.3 million for the violation of so-called utility patents. Samsung paid $548 million to Apple in December 2015, including $399 million for infringement of some of the patents at issue in this week’s trial.Samsung sought to limit damages to about $28 million, saying it should only pay for profits attributable to the components…

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Apple seeks $1 billion from Samsung at retrial for patent violations

“Apple lawyer Bill Lee said in court that Samsung profited to the tune of $1 billion just by violating Apple’s design patents” writes Steve Bennet for androidpolice.com. Apple is seeking about $1 billion in damages from Samsung for the violation of five separate patents, three of which are design-related.Samsung isn’t arguing that it didn’t infringe on Apple’s patents, but it is asking for a much smaller penalty: $28 million.In a case that’s been ongoing since 2011, Samsung was found to have violated a number of Apple’s patents, and in 2012,…

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The Chinese giant that plays by the rules … and loses

“He expects the Lenovo brand to be retired in favour of the Motorola one” writes Charles Arthur for theguardian.com. The problem has been a long internal struggle over which brand – Lenovo or Motorola – should drive the business, says Neil Shah at Counterpoint Research.Even the profit engine of the PC business is struggling.While the IBM PC business complemented Lenovo’s existing offerings, Motorola seemed to be the big prize.Nor has the server business been a shortcut to success. Source: theguardian.com Share This:

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