updated 11:21 am EDT, Mon May 21, 2012
Apple, Samsung CEOs to meet today in court-ordered talks
Samsung is still hoping to settle in its global legal disputes with Apple, Reuters reports. The head of the company's mobile division, J.K. Shin, spoke to journalists at a Seoul airport yesterday shortly before flying to the US. "There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing," he said. Shin is joining Samsung CEO Choi Gee-sung to meet Apple CEO Tim Cook today for court-ordered settlement talks.
Until now, neither side has gone into specifics about settlement options. Cross-licensing would potentially allow both companies to continue making products without any design changes or paying extra royalties. With or without such a deal, both companies are likely to want to settle outside of court to avoid the time and expense of a trial, which could start July 30th if no agreement is reached.