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Apple and Samsung CEOs in last-minute peace talks
Out of respect to Judge Lucy Koh's request last week that the CEOs of Apple and Samsung try to make peace before their trial goes to a jury, Apple's Tim Cook and Samsung's Kwon Oh Hyun will have a last-chance phone call today, according to Bloomberg. The results of that phone call are to be reported to Judge Koh later today. Koh said last week that she was "pathologically optimistic" that Samsung and Apple could find a way to come to an agreement over the two-way patent infringement lawsuit before it goes to the jury. If the phone call doesn't resolve any issues, the jury is expected to take on the deliberations tomorrow. At stake is $399 million in royalties that Samsung says Apple owes it for infringing its patents, and a whopping $2.5 to $2.75 billion that Apple wants to recoup as a result of Samsung allegedly deliberately infringing on a number of Apple design and technical patents.
Samsung promotes DRAM chief to vice chairman, implements 'top-two' structure
Samsung reshuffled its managerial hierarchy yesterday, promoting Kwon Oh Hyun, head of its DRAM operations, to vice chairman. Kwon, who successfully steered Samsung through an industry-wide price slump last quarter, will continue to head up the company's chip and LCD divisions, while working alongside Jung Yeon Joo -- the former CEO of Samsung C&T Corporation who was also promoted to vice chairman. The restoration of this "top-two" structure was one of several moves the Samsung Group made on Wednesday, including the announcement of six new presidents. Kwon's advancement, however, is certainly the most noteworthy. As the Korea Times reports, the move has already garnered speculation among industry observers, some of whom believe that Kwon's new position signifies Samsung's equal commitment to both component and product divisions. In a statement, Samsung praised the executive for navigating its DRAM business through choppy economic waters, while crediting him for the "strengthening of Samsung's market leadership in memory products." Read more at the source links below.
