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Apple: ‘We Won’t Pay You. We’ll Keep Using Your Stuff - But We Won’t Pay You’

posted onMay 11, 2017
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Article snippet: Posted at 3:07 pm on May 2, 2017 by Seton Motley I loathe thieves.  You want something – you pay for it.  It really is just that simple.  So when it comes to wanton thievery of the magnitude that follows – I get more than a little perturbed. Computer giant Apple is currently in a huge intellectual property dispute with tech innovation giant Qualcomm.  I’m no lawyer (which perhaps affords me some additional clarity of thought which law school eradicates) – but this is pretty cut-and-dry, massive scale theft. Here’s the deal: Qualcomm has some patented items which Apple needs to make its iPhones and cellular iPads.  Qualcomm and Apple negotiated an agreement – where Apple would pay Qualcomm in exchange for permission to use the patented items.  Lawyers drafted contracts – and representatives from both Apple and Qualcomm signed them. End of story, right?  Of course not.  This is Brave New America – where even blatantly obvious obligations can and will be willfully ignored. Apple Halts License Payments to Qualcomm in ‘All-Out War’: “Apple Inc. cut off billions of dollars in payments to Qualcomm Inc., turning a contract dispute into what one analyst called an ‘all-out war’ that forced the chip supplier to slash forecasts given only days ago….Shares fell as much as 4.1 percent to $51.05 Friday morning. It was the lowest intraday price since June.” Get that?  The chip supplier forced to “slash forecasts given only days ago” – is Qualcomm.  Through no fault of their... Link to the full article to read more

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