Chart courtesy of Yahoo! Finance – Blue/top AAPL ; Red/bottom NOK
Nokia press release:
The press release notes that the lawsuit involves ten Nokia patents which are already licensed by about 40 companies. A quote from Nokia’s VP for Legal and Intellectual Property, in the same press release, states: By refusing to agree appropriate terms for Nokia’s intellectual property, Apple is attempting to get a free ride on the back of Nokia’s innovation. I assume from this that Nokia and Apple have discussed this already and have not come to terms.
The Silicon Alley Insider’s take on this lawsuit is…
Sometimes a picture can tell a story. The Year-To-Date share price performance by Apple (AAPL) and Nokia (NOK) as seen in the chart above might provide insight regarding Nokia’s motivation.
Personally, I hope this can be resolved quickly to each firm’s satisfaction so they can both get back to concentrating on designing, building and selling great products.