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Qualcomm Posts $1.5 billion Bond to Stop Some German iPhone Sales

AlphaAtlas

AlphaAtlas

[H]ard|Gawd
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VentureBeat reports that Qualcomm posted about $1.5 billion in security bonds to enforce a ban on certain iPhones in Germany. Qulacomm won the case late last month, but had to pay this bond to actually enforce the ban. Apple recently ran into similar legal trouble in China, but that order only affected retail iPhones running old, outdated software, and VentureBeat didn't elaborate on how far this German court order goes. However, Qualcomm allegedly sees their case in China as a gateway to legal action against newer devices, and its possible that they have the same idea in this German case.

According to the court order, Apple has to stop the sale, offer for sale and importation for sale of all infringing iPhones in Germany. Apple had said it was appealing the decision, but the order goes into effect as soon as Qualcomm posts the bond. The court also ordered Apple to recall infringing iPhones from third party resellers in Germany, according to a statement by Qualcomm.
 
Apple hurting more gains no less sympathy from me. I hope their stock goes under $100!
 
Curious why it costs $1.5 billion to stop the sale of a product. I mean I get there's enforcement, and what not, but 1.5B?
 
sounds you gotta wet their beak for them to enforce your ban.

mafia style protection i guess.
 
sfsuphysics said:
Curious why it costs $1.5 billion to stop the sale of a product. I mean I get there's enforcement, and what not, but 1.5B?
Click to expand...

same thought. I guess it could be since they brought the suit, they had to post this bond if within appeals the ban gets overturned and then apples gets that money to recoup lost sales.
 
Not sure it 'costs' them anything, its just a bond meant to be taken back.. but not sure I understand that either.. might be about how serious they are? something like that?
 
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