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Apple has won another round in the ongoing patent war against rival smart-phone operators.
In the latest skirmish, HTC Corp, the Taiwanese phone manufacturer lost a ruling at the US International Trade Commission over patents related to its S3 Graphics division.
HTC had argued that Apple's technology violated S3's patents. The ITC disagreed, leaving HTC bosses red faced.
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Many saw HTC's purchase of S3 in July for $300m as an insurance policy against the wrath of Apple, which is targeting phones which run the rival Android operating system.
The loss at the ITC means that $300m may have been wasted, certainly investors weren't impressed. HTC shares fell 5.81% in Taipei yesterday while Apple fell 1.58% on the NASDAQ (slightly better than the index as a whole).
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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