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The WSJ reports that more than a billion dollars were wiped off Samsung’s market value today following President Obama’s veto of the decision to ban the import of iPhone 4 and 3G iPad 2 devices into the USA. The fall represented 0.9 percent of the company’s market cap.

While a Presidential veto over-rules the original ITC ruling, the Financial Times reports that Samsung is appealing the ITC decision on the grounds that it only upheld one of the four patents it believes Apple has infringed. The appeal is expected to be held in Q1 2014. Were Apple to lose then, however, the impact would be significantly lower, as Apple is almost certain to have launched new iPhones and iPads by then, with the iPhone 4 and iPad 2 likely removed from Apple’s retail and online stores and seeing only residual sales elsewhere …  expand full story

Google’s executive chairman Eric Schmidt has gone on the offensive and bashed Apple over patent infringement claims the company had filed against high-profile Android backers such HTC and Samsung. In what could be viewed as an effort to sway the public perception, he launched a nasty attack speaking at Google’s Mobile Revolution conference in Tokyo. To Schmidt, Apple’s taking rivals to court sends a strong signal, that of the lack of innovation and jealousy:

The big news in the past year has been the explosion of Google Android handsets and this means our competitors are responding. Because they are not responding with innovation, they’re responding with lawsuits. We have not done anything wrong and these lawsuits are just inspired by our success.

Schmidt re-iterated sales of 135 million Android phones since 2008 and highlighted more than 550,000 daily activations that exclude tablets and non-smartphone devices, which is up from 400,000 a day in May. He said Google will support HTC’s legal battle against Apple’s copyright accusations, but wouldn’t elaborate.

Whether or not Apple’s legal pressure stems from jealousy is up for debate, of course. Cynics might argue Schmidt’s comment draws from nervousness on Google’s part because Android backers are increasingly discovering hidden costs as Microsoft and Apple emerge as holders of patents crucial to Google’s mobile operating system. Apple’s victory over HTC may set what RBC Capital Markets analyst Mike Abramsky painted as a high royalty precedent for Android devices that could further shrink the already slim margins on Android phones.

As if that wasn’t enough, Microsoft is already taking money from five Android vendors for patent protection, including HTC which is said to pay five bucks each time it ships an Android handset and General Dynamics Itronix. Microsoft is also understood to have targeted Samsung, seeking royalties in excess of hundreds of millions of dollars annually. The Cupertino, California-headquartered gadget giant quoted Steve Jobs in a statement announcing the HTC lawsuit March last year:

Then Google CEO Eric Schmidt shares the stage with Steve Jobs at the January 2007 iPhone unveiling. The times of happiness would abruptly come to an end amid Android whispers, culminating with Apple announcing Schmidt’s resignation from its board August 3, 2009.

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Samsung has issued a statement regarding claims of high-level talks with Apple concerning an ongoing legal dispute involving flagship mobile devices from both firms. A company spokesperson told V3.co.uk yesterday:

We are unaware of any meetings or discussions between the two sides over this matter.

The comment follows a report by Reuters which asserted that US district judge Lucy Koh told both parties during a Friday hearing to get their act together and come to an amicable solution. Apparently, Apple’s legal counsel Harold McElhinny told judge that Apple and Samsung executives are involved in talks. It’s obvious one of the parties is not telling the truth. This cat-and-mouse game is beginning to point at a possible settlement because neither party would benefit from dragging each other through the mud in a multi-year lawsuit. Plus, Samsung is Apple’s key supplier after all…

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You may have heard about the latest scandal in the world of Apple involving an unknown company called Lodsys which came out of nowhere, applying legal pressure to the makers of popular iPhone apps that use in-app billing in an effort to extort royalties. Patent troll Lodsys (even though they beg to differ) claims Apple, Microsoft and Google signed licensing agreements with them related to in-app purchasing that don’t, however, include third-party apps. Acting on the Electronic Frontier Foundation’s public letter calling out Apple for not stepping up for its developers, the iPhone maker publicly ensured developers that they are covered under its license.

Figuring out the extortionate strategy may have not worked out as expected, Lodsys is now apparently targeting Android developers with patent infringement claims. MacRumors spotted a Google Groups discussion thread which reveals that at least one Android developer may have found itself in Lodsys’ cross-hair. Here’s how that developer described his legal woes with the patent troll firm:

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