Apple’s settlement offer rejected by Proview

Apple offered to settle a trademark dispute with Proview, but the offer was rejected for being too low

By - May 11, 2012
Apple logo colourful

Apple has reportedly offered Proview Technology $16 million (R128.72 million) to settle an ongoing legal dispute between the two companies over the use of the iPad name. However, the offer was rejected for being too low.

Proview is instead seeking damages to the tune of $400 million (R3.22 billion), which it will use to appease creditors that have helped keep the cash-strapped company afloat during a difficult financial time.

Proview originally planned to sue Apple in the United States for $2 billion (R16.09 billion), but a Californian judge rejected the lawsuit, and encouraged the companies to reach a settlement.

Apple claims it licensed the trademark from Proview in 2009; however, the Chinese company claims the transaction was invalid due to a number of circumstances.

Read the full story at: Boy Genius Report.

Share your thoughts

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Do you think the SABC should be sold?

View Results

Loading ... Loading ...

More News

Here is who qualifies for Telkom’s free ADSL-to-FTTH trial

Telkom fibre

Telkom has provided details on which ADSL subscribers qualify for its new fibre trial, which includes two months’ free access to a 20Mbps fibre product.

We are not criminals: Vodacom

Vodacom MTN alleged agreement

Vodacom and MTN have denied any wrongdoing in the music royalties row, where artists are accusing the mobile operators of violating copyright laws.

How private institutions replaced poor government services in South Africa

South African Post Office SAPO

New Post Office CEO Mark Barnes is upbeat about the prospects of the company, despite facing stiff competition from the private sector.

Kids are saying goodbye to Facebook and Twitter

Facebook video calling

When my digital media students are sitting, waiting for class to start and staring at their phones, they are not checking Facebook.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
x