As a followup to the Creative vs. Apple Zen interface patent (Creative pioneered the first hierarchical interface to navigate gigabytes of songs on it's iPod-preceding hard drive-based MP3 player), the two parties have announced a one-time licensing agreement and have settled all of their patent disputes.
Apple is paying Creative $100 million (or about 6% of their 2005 profit) that will ensure Creative's profitability this year along with expected holiday sales. So, how do I feel that Creative's stock price rise in one dayeclipses[comes close to matching] my return on Apple stock over the last couple of weeks? Eh... I don't entirely regret my switch, but obviously I would've come out ahead if I did NOTHING. Damn you, Jehangir, you just might be right. Of course, it is after hours trading so we'll see how it goes. At least I am ensured the right to avoid capital gains this year if I hold on to Apple through the holidays (won't realize gains if I don't sell).
BTW, don't get all worried about Apple (no one's really worried), since they have billions in liquid assets (I think around 8?).
SOURCE: Red Herring via Google Finance
Apple is paying Creative $100 million (or about 6% of their 2005 profit) that will ensure Creative's profitability this year along with expected holiday sales. So, how do I feel that Creative's stock price rise in one day
BTW, don't get all worried about Apple (no one's really worried), since they have billions in liquid assets (I think around 8?).
SOURCE: Red Herring via Google Finance
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