Reuters: Technology News: Samsung says to book patent provisions after U.S. ruling

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Samsung says to book patent provisions after U.S. ruling Oct 26th 2012, 02:49 Tweet Share this Email Print Related News Samsung posts $7.4 billion profit, handsets mask weak chips 11:03pm EDT Dutch court says Samsung does not infringe Apple patent Wed, Oct 24 2012 Apple unwraps mini-iPad to take on Amazon, Google Wed, Oct 24 2012 Apple loses tablet copyright appeal against Samsung Thu, Oct 18 2012 Apple to host October 23 event, iPad mini expected Fri, Oct 12 2012 Analysis & Opinion Apple results shrink iPad mini’s relevance Apple in miniature Related Topics Investing Simplified » Tech » People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012. Credit: Reuters/Kim Hong-Ji SEOUL | Thu Oct 25, 2012 10:49pm EDT SEOUL (Reuters) - Samsung Electronics Co Ltd will book patent-related provisions once a U.S. court makes a ruling on its over $1 billion litigation with Apple Inc, it said on Friday. "The amount of provisioning will be fixed according to U.S. court ruling, and the costs will be set aside this quarter only if there's a ruling within the current quarter," Robert Yi, head of Samsung investor relations, told analysts. A U.S. federal jury said in late August that Samsung had copied key features of Apple's iPhone, and awarded Apple $1.05 billion in damages. Apple has since asked for additional damages of $707 million, and the California court is set to rule on the case in early December. (Reporting by Miyoung Kim; Editing by Daniel Magnowski) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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