Last Friday, May 2, a California court ruled in Apple’s favor during an ongoing (and ridiculous) patent lawsuit against South Korean tech giant Samsung. The case, brought by Apple (APPL), accused Samsung of four patent infringement violations. After the courts deemed Samsung had knowingly violated U.S. Antitrust laws, Apple was awarded $119.6 million in damages - a fraction of the $2.2 billion they sought.
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The Rotting Apple
What I am about to write will be wildly unpopular amongst Apple’s cult following, but remains relevant nonetheless. It will be controversial and, to some fan boys, unbearable. However, this is the opinion of an investor, not a consumer (although I do own two MacBooks, five iPods, two Apple TVs, two iPads, and an iPhone). Knowing this, please keep in mind that if I were to hypothetically favor a company, my bias would be in favor of Apple (AAPL).
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5 Stocks Under $10
Nokia (NOK) is an established cellular phone producer. In 2007 the stock soared up to almost $40 per share, and the company was the largest cell phone producer in the world. However, as Apple (AAPL) and Google (GOOGL) both entered the cellular devices market, producing smart phones, Nokia lost ground. By February 2009, the stock price dipped below $10, as the iPhone and Android devices gained tremendous popularity.
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Pulling The Plug On Monopolies
In a deal that could shake up the Cable Television business, powerhouse provider Comcast is attempting to acquire the smaller, but still formidable Time Warner Cable in a $45 Billion stock deal. The deal would add around 11 million subscribers to Comcast’s current 22 million, covering about a third of households in the United States.
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