Apple boss Cook may have stumped up $60m IPAD pay-out Apple’s IPAD trademark opponent Proview has suggested that CEO Tim Cook may have personally stepped in to fund the $60 million settlement fee paid to the failed monitor company last month. In an interview with Chinese tech title IT-Times, independently translated by The Reg, Proview founder Yang Rongshan said the fee was noted …
Thanks to Muncaster we now know that Proview Shenzhen is only an affiliate or subsidiary of Proview Taiwan:
"Apple thought it had bought the rights to the disputed trademark from Proview Taiwan in 2009 for £35,000, but the monitor firm claimed only its Shenzhen affiliate had the legal right to sell the name for use in China."
According to Dr Johnson's 'Compendium of Useful Wordes of Commerce for a Nation of Shopkeepers', affiliate means: a} a business concern owned or controlled in whole or in part by another concern; b} a subsidiary.)
And we thought that Taiwan was just the tail waging the dog. Not so. El Reg says Taiwan is the Big Dog himself. The US been good to Taiwan and this is how they repay us and our largest capitalized corp. What ingratitude!
"The fee was noted by many to be rather close to the $75m dividend pay-out Cook surprisingly declined in May this year."
He was going to give Proview the full $75m but decided to use $15m of it to hire more barristas and valet parking attendants for the employees.
Proview knew it might be a dummy corp sent by Apple when they negotiated the deal.
The Chinese want everybody to think that they don't have a clue. That way they will continue to clean the clocks of the Western economies.
If whining American Corps don't like the foreign laws that they are sued under, then they shouldn't do business in those countries that have unfair laws or have Washington send in the Marines, like the English did during the Opium Wars, and change those nasty laws the old fashioned way -- by killing the citizens of that country.
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