Posts From King World News

University cannot get triple damages in patent fight with Apple

The University of Wisconsin-Madison’s patent licensing body will not be able to extract triple damages from Apple as a jury weighs how much the iPhone maker must pay for using its microchip technology without permission, a U.S. judge ruled on Thursday. On Tuesday, a federal jury in Madison, Wisconsin said Apple Inc infringed a Wisconsin Alumni Research Foundation (WARF) patent which helps improve the performance of computer processors. With a

Exclusive: Silicon Valley IPO market boom winding down

Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble. Now, the party is winding down, according to data analyzed by Reuters: Five of the 12 U.S.-based tech companies that went public this year, or 42 percent, priced their shares at a valuation below or nearly the same as their private

Twitter to pay Kordestani annual base salary of $50,000

(Reuters) – Twitter Inc said it would pay new Executive Chairman Omid Kordestani an annual base salary of $50,000 and a one-time grant of options to buy 800,000 shares of the microblogging website operator. Kordestani’s appointment was a move by Twitter to allay concerns about Dorsey’s dual role as head of mobile payments company Square Inc. On Wednesday, Square filed for its long-expected initial public offering. Kordestani, 51, joined Google

Schlumberger to cut more jobs, sees recovery pushed to 2017

“The likely timing gap between the oil price recovery and the subsequent increase in oilfield services activity in combination with a more conservative spending outlook from our customers is causing us to now take further action,” said Chief Executive Paal Kibsgaard said on a conference call. Schlumberger has already cut 20,000 jobs this year and scaled back spending in response to weak crude prices, moves that helped its third-quarter profit