Samsung Electronics Co. gains Seoul trading after the loss of bid by Apple Inc. to block the sales of Samsung’s Galaxy Phones and Tablets in US.
The company gained to the extent of 2.2% to 1.07 million won, before trading 1.5% higher at 10:53 am.
The U.S. District Court in San Jose, California ruled against Apple’s plea to ban the sale of Galaxy S 4G, Infuse 4G, Droid Charge, and Galaxy Tab 10.1 tablet computers in the country on December 3.
“It is not clear that an injunction on Samsung’s accused devices would prevent Apple from being irreparably harmed,” California district Judge Lucy Koh wrote. “Indeed, given the evidence Samsung presented, it seems likely that a major beneficiary of an injunction would be other smartphone manufacturers.” Read More …