Monday, December 11, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Tests LTE-based Safety Technology for Connected, Self-driving Cars
Apple Said To Buy Shazam
Intel Uses Cobalt Interconnect for 10nm, Global Foundries Detail EUV Lithography for 7nm
LG Display Starts OLED Light Panel Production
Toshiba Moving Closer to Deal With Western Digital
YouTube Said to Launch Music Subscription Service
NVIDIA Says New TITAN V GPUs Transform the PC into AI Supercomputer
Toshiba Launches First 14TB HDD with Conventional Magnetic Recording
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Apple T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 03, 2012
Apple To Pay Proview $60 Million To Settle iPad Trademark Case


Apple has reached a settlement with Shenzhen Proview Technology by paying US$60 million to the latter in exchange for the ownership of iPad trademark, clearing the way for Apple to release the new iPad in China.

Apple has reached a settlement with Shenzhen Proview Technology by paying US$60 million to the latter in exchange for the ownership of iPad trademark. The high people's court of Guangdong province in China on Monday announced the ruling, which essentially ends the dispute over the iPad trademark in mainland China.

Shenzhen Proview Technology is a subsidiary of Taiwan's Proview Technology Group. Yang Jung-shan, chairman of Proview Technology Group, expressed that the settlement price is unsatisfactory but acceptable, adding that it could have won more settlement payment had it not been for the company's business plight.

The settlement will be able to clear the blockade for Apple to tap the huge mainland Chinese market and the company's iPad series will be able to hit the Chinese market extensively.

The trademark dispute originated from the fact that iPad trademark was conceived by Taiwan Proview Technology, which registered the trademark in Taiwan and mainland China in 2000 and 2001, respectively.

In 2006, Apple bought iPad trademark from Taiwan Proview at US$55,000. Shenzhen Proview, however, has claimed that it still owns the trademark right in mainland China and asked US$2 billion of compensation from Apple.

Apple has yet to announce a China release date for the iPad 3 but the country's telecommunications equipment certification agency approved the tablet in May.


Previous
Next
Judge Rejects Samsung's Request To Lift Ban Of Galaxy Tab in The U.S.        All News        Micron Buying Elpida For $750M
IBM Hot Water-Cooled Supercomputer Goes Live     PC Parts News      Samsung Samples First 16-Gigabyte DDR4 Server Modules

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Said To Buy Shazam
These are Apple Store's Most Popular Apps, Music, Movies
Apple to Release LCD iPhone With a Metal Case: report
Apple Pay Cash Now Supports Person to Person Payments
European Court Ruls Xiaomi 'Mi Pad' Name Is Similar To Apple's 'iPad'
Apple to Pay Ireland 13 Billion Euros As Part of Uncollected Taxes
Apple to Launch More Affordable 9.7-inch iPad: report
Qualcomm, Apple Exchange Fresh Complaints
Wearables Market Grows as Smart Wearables Rise and Basic Wearables Decline
Apple to Design its Own Power Chips: report
Apple Countersuits Qualcomm Over Patent Infringement
Apple Security Hole Allows Mac Logins Without a Password

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .