Remains of the Day: Even Stevens
In comes a new lawsuit, out goes an old one. Plus, exactly who manages all of Apple’s cash? And it’s two Steves for the price of none. The remainders for Tuesday, October 2, 2012 are a steal.
In a shocking twist, Samsung has filed a lawsuit against Apple, saying that the newly released iPhone 5 infringes upon its intellectual property. Who could have seen this coming? Oh, wait, everybody.
But apparently when God opens one lawsuit, he closes another. Google subsidiary Motorola Mobility has, out of the blue, dropped a complaint with the U.S. International Trade Commission. As part of that, Motorola had requested an import ban on Apple’s mobile products. Motorola didn’t explain why it was dropping the complaint, but said there had been no settlement. Maybe someone over there just really wanted a nap.
Apparently the biggest hedge fund in the world is a little nobody company called Braeburn Capital, which has just one client: Apple. Braeburn has been responsible for managing Apple’s extensive cash reserves since 2006; its fund is estimated at $130 billion, or roughly double the cash balance of the U.S. Treasury. At least now we know Apple names all its sneaky subsidiaries after varieties of apples—isn’t that right, Granny Smith?
Connie Guglielmo at Forbes compiles some never-before-heard Steve Jobs anecdotes from a variety of folks who worked with him. So if you’ve ever wondered why Steve Jobs once ran into a guy’s office shouting “We’ve got to hide the Porsches!” well, now’s your chance.
“If you remember,” said Woz during a Q&A on Slashdot, “we ported iTunes to Windows.” To which I’m sure many of Apple’s iTunes developers probably grumbled something to the effect of “What do you mean ‘we’, white man?”
Microsoft apparently bit off more than it could chew when it booked American rapper Machine Gun Kelly to serenade the crowd at its Atlanta store; the singer went off message, jumping around on tables, stomping on products, yelling “[expletive] these computers” over and over again. I like to think that he was just representing all of our frustration with Windows machines in an avant-garde performance art piece.