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  • Apple Inc. (AAPL) vs. Mirror Worlds Verdict - Apple Lost

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    Tuesday Oct. 5, 2010 at 08:55 am EST
     
    Apple Inc. (NASDAQ:AAPL) Lost Court Case against Mirror Worlds
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    Last week Apple Inc. (NASDAQ:AAPL) was held guilty by law for infringing three patents held by small Texas company. The company was ordered to pay around $600 million in damages, according to Bloomberg news service. Apple was ordered to give Mirror Worlds, a company founded by Yale University computer-science Professor David Gelernter, $208 million against damages for infringing on each of the three patents. The patents were related to the display of documents on computer screen and related to Apple Inc.'s Cover Flow Technology, which is used in Mac OS, iPods and in iOS used by iPhones and iPad. Apple had filed an emergency motion on Sunday to stay the ruling, according to court filings. Mirror World had sued Apple back in 2008. Shares of Apple Inc. (AAPL) closed at $278.64. Resistance levels above for Apple Inc. are at $ 292 and $301. Support levels below are at $268 and $259.

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