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Apple Paid Nokia $2 Billion To Escape Fight Over Old Patents (theverge.com)
An anonymous reader shares a report: Apple's latest patent spat with Nokia resulted in a $2 billion up-front payment from the iPhone maker, a colossal sum that seems to indicate Apple was eager to avoid a protracted and ugly dispute that could rival the one it had with Samsung. The new details of the settlement, which was first announced back in May without the disclosure of a financial amount or the new licensing terms, were spotted in Nokia's second quarter earnings release. "We got a substantial upfront cash payment of $2 billion from Apple, strengthening further our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings," reads the official transcript of Nokia's quarterly earnings call with investors yesterday. Neither Nokia nor Apple have disclosed the terms of the new licensing deal, including whether it involves recurring payments or how many years it will be in place.
Pocket change.
#DeleteChrome
I was having lunch with God (in Tokyo). We were having bacon cheeseburgers, and he snorted milkshake out of his nose when I showed him this post.
This issue is a bit more complicated than you think.
With $2,000,000,000, they should be able to pay someone who can write in English.
"National Security is the chief cause of national insecurity." - Celine's First Law
Just out of curiosity, why have your balls been damned? (I am sure your are correct in your assessment, I just want to help others.)
This issue is a bit more complicated than you think.
You are lost in life.
God made evil. God is evil.
Bwahaha, dumbfuck believes in imaginary sky friends. Got any like real evidence other than the delusional rantings of middle eastern goat herders.
Ah yes, but Creimer 0:0 says just as clearly "I know you are but what am I?"
now bring back communicator with android or ios.
Yes I do believe it because *everything* is from outer space. What the Sun is made of, the Earth and Moon, the countless galaxies. The the large number you quoted only accounts for 0.022 percent of the total weight (mass is a better term) of the Earth. The Sun weighs something like 1.989 × 10^30 kg. It contains 99.86% of our solar system's total mass. That all came from space, too. So the large, mind boggling number you quoted is really tiny in the grand scheme of things. And we're talking over millions and billions of years so again, not that hard to believe when you think about it.
Really, not harder to believe that an all-powerful god took 7 days to create everything. I mean, why wasn't it just a snap of the proverbial fingers? Who made God? Who made the one who made God? Why did God destroy his first creation - did this perfect being make a mistake? Too many loose ends for me.
Science isn't always right, but if you look at some of the predictions they make it does an impressive job. Computers and the Internet are built based on our understanding of electricity, signal loss, material science, mathematics, and countless other things built up over the years by a lot of people.
Scientists don't have all the answers on how life formed, but what they do know does a pretty good job of explaining the commonalities between creatures and their DNA and other traits, how the separation of a continent of millennia separated a species into two geographic locations which eventually diverged into different creatures with a common lineage, for example. When they find flaws in their theories, they update them. Think of how science has progressed in the past 100 years. At one time the atom was thought to be the smallest thing. Now science knows there are smaller things inside the atom.
On the comment about "evolution is not science", consider this page which says:
I'll just finish by saying that science isn't always perfect, it bothers me how sometimes things are presented as "fact" before they should be (which could be the individual scientist's or news outlet's fault), how it can be politicized, etc. I don't instantly believe all new theories - I'm not a fool. But still, science is the best framework we have to build upon and increase our understanding of the vast universe we live in. I'm sure much of what we think we know today will be replaced by updated knowledge. That's just the nature of things. Maybe some all-powerful being did set things in motion, who knows, but wouldn't it follow that the universe conforms to an amazing set of rules which makes planet formation, evolution, and other wonders possible? Given the impossibly grand scale of the universe we may never know for sure.
I though Nokia and Apple settled their patent problems in 2011
"I bless every day that I continue to live, for every day is pure profit."
Two billion doesn't go that far today.
Although real money, with $300 Billion siting in Chinese Communist Party Banks in Beijing, Shanghai and Hon Kong, and $200 Billion siting in Mafia Controlled Banks in Ireland, Netherlands, Italy and Germany, Timmy wont live long enough to spend it and being a Queer and hater of Heterosexuals he can not "seed" it away to a "family" heir. Maybe Apple Ink will announce on Timmy's death a "Power 'Ball' Contest" and just give it away to someone at random with Siri's help.
Jajajajajajajajajaja
kkkkkkkkkkkkkkkk
Steve Jobs hated paying dividends (profit which is supposed to go to stockholders). Apple stopped paying dividends when Jobs was re-hired in 1995, and started paying them again shortly after his death in 2012. The $200+ billion in cash Apple has in the bank almost exactly equals how much it should have paid out in dividends during Jobs' reign. So I suspect what happened is the board complied with Jobs' wish not to pay dividends to stockholders, but only on the condition that they bank it so they could decide how to use it later (including possibly paying it out to future stockholders).
So basically it's pocket change because they didn't pay their owners for close to 20 years. I'd have a lot of money in the bank too if I didn't have to make payments on my home and car loan for 20 years. (Though to be fair, Google doesn't pay dividends either.)
There's nothing wrong with not paying dividends. There is no law saying a company must pay dividends to shareholders anywhere.
Paying a dividend means you reduce the amount of working capital you have. For some companies, they don't need that much cash on hand. For others, it's necessary for cashflow.
Anyhow, most of Apple's investors are in the US, while most of Apple's money is outside the US. To pay a dividend would require importing that money in, and losing 35% of it off the top, so shareholders either have to contend with a company losing 35% to Uncle Sam just to pay a dividend, or holding the money offshore and letting it grow.
Giving dividends is usually a sign of a company out of ideas - rather than investing the profits in future growth opportunities, they decide to just return it to shareholders because they have nothing better to do with it.
And really, Nokia's money is coming from those billions stashed outside the US. It's $2B less dollars that could be taxed ($700M would've gone to Uncle Sam) should Apple bring it in.