It's not a V bottom, it's not a U bottom, it's a Nike swoosh recovery - Greg McLenon, Hotovec Pomeranz
APPLE CEO Tim Cook is scheduled to talk with Samsung CEO Kwan Oh Hyun today, in an attempt to settle the two firms' patents dispute out of court.
Bloomberg citing "a person familiar with the matter" reports that the two chief executives are holding a not-so-private phone call today to try to resolve their smartphone patents dispute before a US jury starts making its decision tomorrow. The two companies will report to US District Judge Lucy Koh on the outcome of the phone call.
This chat comes at Koh's request, after she said she was "pathologically optimistic" that Cook and Hyun could settle their differences outside of court.
We're not feeling too optimistic though, as similar talks between the two companies haven't resulted in a resolution. For example, Apple reportedly spoke to Samsung about a potential licensing agreement back in October 2010, but the negotiations didn't work out.
Samsung is seeking $399m in royalties from Apple for allegedly infringing its patents. Apple, on the other hand, is asking for between $2.5bn and $2.75bn in damages, claiming that Samsung "slavishly copied" the designs of its Iphone and Ipad. µ
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