On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
81° Feels Like: 86°
Wind: E 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Scattered Thunderstorms 66°

Tomorrow

AM Showers 77°

Sat Night

Mostly Cloudy 64°

Alerts

Samsung says to book patent provisions after U.S. ruling

People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012. REUTERS/Kim Hong-Ji
People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012. REUTERS/Kim Hong-Ji

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)

Comments