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Proview stands by claims; Apple payout could hit $2B

updated 12:25 pm EST, Fri February 17, 2012

Proview Shenzhen chairman takes hardline

Proview is holding to the position that it retains the iPad trademark in China, the company has announced at a Friday press event. "If we are not compensated properly, then Apple doesn't use the iPad trademark in mainland China," states Yang Rongshan, chairman of Proview Shenzhen, and the main shareholder in Proview International. A representative for Proview creditors in fact suggests that Apple could end up paying as much as $2 billion in compensation, even though Proview has previously only sought up to $1.6 billion in its lawsuit.

Yesterday evidence emerged suggesting that Apple may indeed have Chinese rights to the iPad name. Yang claims, though, that authorities in over 30 Chinese cities have taken actions related to the dispute, confiscating iPads from some retail stores. Initially only the city of Shijiazhuang was known to have conducted a raid.

Proview has filed for bankruptcy, and may be using the lawsuit to recoup money. Yang says, though, that the company did produce about 10,000 to 20,000 "iPADs" between 1998 and 2009, halting because of the trademark conflict. The representative for Proview creditors, Hejun Vanguard Group president Li Su, meanwhile says that eight Chinese banks that have made loans to Proview are opposed to declaring bankruptcy, insisting it's unnecessary. Proview attorney Ma Dongxiao notes that four Chinese courts have agreed to review complaints against Apple.



By Electronista Staff
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Comments

  1. Paul Huang

    Dedicated MacNNer

    Joined: Sep 1999

    +2

    c****

    Clowns.

  1. facebook_John

    Via Facebook

    Joined: Feb 2012

    +11

    b9bot

    Chinese Judge already ruled in favor of the defendants Apple today and is now looking into charges against Proview for extortion as Apple did in fact buy the rights from Proview in 2009 for the iPad name. And Proview failed to honor the trademark transfer as agreed upon.

  1. facebook_John

    Via Facebook

    Joined: Feb 2012

    +1

    b9bot

    Actually the charges are for conspiracy, not extortion. See the full story here.
    http://venturebeat.com/2012/02/16/apple-proview/

  1. JBytes

    Fresh-Faced Recruit

    Joined: May 2000

    +4

    ?esromeR esreveR

    We're all familiar with buyer's remorse, but this Proview crew is clearly going through a difficult stage of seller's remorse.

  1. testudo

    Forum Regular

    Joined: Aug 2001

    -8

    Re: b9bot

    Well, if it's on the internet, it must be true!

  1. sribe

    Fresh-Faced Recruit

    Joined: Jan 2003

    +2

    amazing how the truth can mislead

    It's perfectly true that Proview retained the trademark in mainland China. In violation of the contract with Apple, without informing Apple, as part of a conspiracy to extort more money from Apple. The most likely outcome of this will be a court order effecting the transfer that Proview should have made on their own. But, for now, they retain the trademark in mainland China ;-)

  1. Arne_Saknussemm

    Forum Regular

    Joined: Apr 2011

    -3

    Apple's fault.

    Apple could have kept and upgraded it's state of the art robotic factory on the USA.
    Now it has to fight it's own suppliers

  1. MorituriMax

    Fresh-Faced Recruit

    Joined: Jan 2010

    0

    Fine, Proview, you "win."

    I'd love to see Apple just call it something different when it is in China. Call every iPad sold or shipped in or to China an "applePad," or a "jobsPad."

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