Cloud Computing: Apple News Trashes Samsung Stock

News of its loss to Apple in California Friday sheared more than $12 billion off Samsung’s market cap Monday. The Wall Street Journal said investors are worried about the next Apple suit facing Samsung in the same district court. Apple is targeting Samsung’s flagship smartphone, the four-month-old Galaxy S III. Apple asked for an injunction against the widget in June. The judge hasn’t ruled yet. Apple is wielding different patents but the dingus could violate two patents the jury said last week Samsung’s older models infringed. Samsung claims it doesn’t.

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