The author of "How To Find Big Stocks" makes cents with today's news...inspired by PTBS
Wednesday, December 07, 2011
Could This Be Big Problem For Apple?
Apple loses iPad trademark case in China
Therefore, Apple had no rights to the iPad trademark in China, said the report.
In 2006, the Taiwanese company sold the "global trademark" for iPad to U.S. company, IP Application Development, which was later believed to be a front for Apple, said the CNET report. When Proview Electronics ran into financial trouble and its assets in China were seized, its creditors attempted to sell Proview's trademarks but Apple stepped in and sued Proview to force it to hand over the trademark in China to IP Application Development.
In 2010 when the iPad was first announced, Apple did not own the trademark of iPad in the United States. It took some weeks for Apple to negotiate with Fujitsu before the Japanese company turned over the trademark to Apple.