Billion, Patent War | featured news

A federal judge on Friday slashed nearly half of the $1 billion damage award a jury ordered Samsung Electronics to pay Apple Inc. after a high-profile trial over the rights to the design and technology running some of the world's most popular smartphones and tablet computers. U.S. District Court Judge Lucy Koh lowered the damages awarded to Apple Inc. by $450.5 million for 14 Samsung products including some products in its hot-selling Galaxy lineup, saying jurors had not properly followed her instruction in calculating some of the damages.

Apple Inc lost a major ruling in its ongoing patent battle with Samsung Electronics on Friday, as a federal judge threw out part of a jury's $1.05 billion damages award against Samsung over a variety of phone products.

Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares are up $19, or 2.9 percent, at $682.22 in premarket trading Monday. That boosts Apple Inc.’s market capitalization by $18 billion.