Feeds

Apple lobs pocket change to Proview, ending Chinese IPAD name row

$60m? Hardly worth opening our wallet to get it out

SANS - Survey on application security programs

Apple has forked out $60m to settle the row over the name IPAD with Chinese firm Proview Technology.

The fruity firm agreed to the sum to buy the name from Proview in mediation talks, the Higher People's Court of Guangdong said in a statement (translated by Google Translate).

"All parties involved have agreed on the settlement. Proview and Apple now no longer have a dispute over the iPad trademark," Xie Xianghui, a lawyer for Proview, told state news agency Xinhua.

Proview, a maker of computer screens and LED lights based in Shenzhen, had been trying to block sales of iPads on the Chinese mainland, claiming that although Apple had bought the trademark for the name in some countries, it didn't own the name in China.

Apple alleged that it had bought the international trademark, which gave it the name everywhere, including China.

Proview Shenzhen was declared bankrupt during the case, after it failed to recover from hits it took in the financial crisis.

The court's statement acknowledged that the firm was heavily in debt and the IPAD trademark was the most valuable thing it owned.

The dispute between the firms went to the Guangdong higher court after Proview won the case in a lower court in December last year.

Almost from the outset, Guangdong urged the firms to settle the row out of court, but reports had suggested there was a wide gap in the amount of money each side wanted to talk about.

Just to put the settlement figure in perspective, it's worth bearing in mind that Apple made a net profit of $13.06bn in the first quarter of fiscal 2012 alone, so $60m is not going to break the firm's piggy-bank.

The lawsuit's end frees Apple up to focus on pushing endless iterations of its fondleslabs on China's tech-savvy and fashion-conscious youth, bound to be worth the price it paid and a whole lot more.

Apple had not responded to a request for comment at the time of publication. ®

High performance access to file storage

More from The Register

next story
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
Jack the RIPA: Blighty cops ignore law, retain innocents' comms data
Prime minister: Nothing to see here, go about your business
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.