In the aftermath of Samsung huge loss to Apple in a U.S. court, the Korea Times reports that Samsung executives held an emergency meeting about the loss. A telling comment from a senior Samsung executive : “It’s absolutely the worst scenario for us.”
The Korea Times, via 9to5Mac:
Inside the building, Choi Gee-sung, former Samsung Electronics CEO and now the head of Samsung Group’s corporate strategy division, was holding an emergency meeting attended by Shin Jong-kyun, the company’s mobile devices chief, and Lee Dong-joo, lead marketing official.
The loss also created havoc for Samsung shareholders, as CNET reports said Samsung shares were down approximately 7% in the South Korean market. The drop is reportedly Samsung’s biggest loss in the stock market since October of 2008.
A hearing is set for September 20 to determine injunctions for the Samsung devices that were found to be infringing. Samsung has already said that it will appeal the court’s rulings.
”This decision should not be allowed to stand because it would discourage innovation and limit the rights of consumers to make choices for themselves,” said John Quinn, lead lawyer for Samsung. He argued that the judge or an appeals court should overturn the verdict.