Chapter 1069 well deserved
The subsequent news surprised countless people even more. Bruce Seville actually sought to reach a patent settlement with Onyx Technology.
The news came out of a North American news media, which surprised the outside world. Unexpectedly, this time, the leader of the Qiao Gang chose to make concessions. Then a media sent a message that the reason why Apple made concessions was because the profits of the iPod were much higher than expected. Apple did not want to affect the sale of the iPod due to patent issues, thereby affecting the stock price!
As soon as the news came out, Apple's decline in stock price rose a lot. Seeing this with investors, Apple's board of directors and investors became more determined to reconcile as soon as possible.
It is difficult to wait for the opportunity to increase the price of the stocks in their hands. If they are affected by the patent issue, it will be really not worth the loss for them. As for the issue of face, it is nothing compared to the green American bank, to those board members!
For a time, the outside world's attention was concentrated on Yanjing. Not only Samsung, but also Amazon also had other companies that wanted to enter the e-reader market to get a share of the pie. Even media and competitors such as the Computer World, which had been quarrel with Chuke Technology during this period, were also paying attention to this matter.
At Chuke Technology Headquarters, Chen Chu looked at the documents brought by Tang Zhouming, and Bruce Seville and Bob Field flew to Yanjing in order to resolve the patent lawsuit, hoping to reach a settlement agreement with Onyx Technology.
Tang Zhouming handed the document to Chen Chu, "What Apple means is that you can make concessions on patent compensation, but you will not join the e-reader industry alliance, and you will not publicly declare an apology to Onyx Technology!"
This result was not beyond Chen Chu's expectations, but it was a little beyond Chen Chu's expectations that Apple's concession speed was much faster than Chen Chu imagined. Gang Qiao was obviously unwilling to deal with this matter, otherwise he would not have made concessions so quickly.
Chen Chu felt that the smartphones on Apple might have reached a critical point. After a few glances at the agreement reached between the two sides, whether it is Onyx Technology or Apple, they have basically made concessions. Apple wants to get rid of the patent troubles as soon as possible, and Onyx Technology wants to establish order in the reader market. Overall, both sides are considered restrained.
"There is a one-time compensation of 210 million US dollars to Onyx Technology. In addition, each iPod produced requires the patent fee of patent holder 13, including Onyx Technology. Key components also need to be purchased from suppliers of the electronic reader industry alliance!" Tang Zhouming said to Chen Chu. This was the preliminary agreement he reached with Bruce Seville, and Apple basically suffered a loss after making it.
Although she has saved her face and did not join the e-reader industry alliance or surrender to Onyx Technology, Apple needs to pay more than US$400 million in compensation to members of the e-reader industry alliance, including Onyx Technology. In addition, there are also parts that need to be purchased from the e-reader industry alliance to produce a product carrying the e-reader function, and a patent fee of more than US$20 is required.
Of course, these patent compensations are not paid in one lump sum, but overall, Apple still suffered a loss and still failed to get rid of the constraints of the electronic reader industry alliance.
This is a temporary settlement. Chen Chu saw it clearly. With the character of the leader Qiao, he would definitely not be satisfied with the settlement agreement reached by Bruce Seville today. I don’t know what will happen in the future. Maybe there will be another patent lawsuit at that time!
"Let Bruce Seville complete the agreement as soon as possible, and the additional compensation onyx technology can be given to other members of the e-reader industry alliance!"
Chen Chu said to Tang Zhouming that this time, the members of the e-reader industry alliance have made a lot of efforts, although most of them want to jump up and take advantage of it.
However, Onyx Technology also needs to give these members some sweetness to let them know that following Onyx Technology is beneficial, and carrots and sticks can drive these companies!
The entire e-reader industry alliance is an unbiased combination of interests. It is a patent in Onyx Technology that combines many companies together. Onyx Technology also needs to let other members of the Reader Industry Alliance drink some soup.
"Mr. Chen, do you want to meet Bob Field? The reason why this negotiation went smoothly is that Bob Field has made a lot of efforts. Bob Field asked me to tell you that Ed Wolard and DuPont do not want this small "misunderstanding" to affect the relationship between DuPont Group and Chuke Technology!" Tang Zhouming looked at Chen Chu and said.
The reason why the negotiations went smoothly this time was that he had a lot of relationship with Bob Field, he put a lot of pressure on Bruce Seville to make him reach a patent settlement agreement as soon as possible and lift the risk of banning the product.
For the board of directors behind Bob Field and the major shareholders, they don’t care at all about their face and paying compensation. They don’t care at all. Anyway, they can’t even get dividends. Even if Apple is really emptied, as long as the stock price does not fall, they don’t care at all!
Therefore, Bob Field agreed to reach such a relatively harsh settlement agreement, compensate for huge patent fees, pay for product patent fees, and purchase designated parts, because he didn't care about these things at all. With the name of the board of directors and Ed Wolard, Bob Field put a lot of pressure on Bruce Seville, otherwise Bruce would not have signed the agreement in such hasty.
Chen Chu waved his hand, without the intention to meet Bob Field. In the past few days, Chen Chu has already felt the strength of DuPont, a veteran giant. Since Bob Field came to Yanjing, Chen Chu has received many calls from North America to be lobbyists, such as David Mark, president of Morgan Investment Bank, KPCB venture capital and other people who are familiar with Chen Chu want Chen Chu to give up their hands and let Onyx Technology reach a settlement agreement with Apple.
DuPont, which has been rooted in North America for two hundred years and started its business with the chemical industry and arms industry, has a deep-rooted strength in North America. Chuke Technology has many industries in North America. As long as it is possible, Chen Chu is unwilling to have too many disputes with DuPont, but he has never had the intention to get too deeply involved with the other party. It is okay to do something to be scammed with the tiger a few times occasionally. If you do too much, you must plan to be swallowed by the other party.
"You ask Bob Field to thank Ed Wolard and DuPont Group for their kindness. If you have the opportunity to go to North America, you will definitely visit each other!" Chen Chu explained to Tang Zhouming, if possible, Chen Chu really doesn't want to deal with an old consortium like DuPont, and you need to be too prepared for it.
Onyx Technology Conference Room, after exchanging a settlement agreement with Tang Zhouming, Bob Field was disappointed when he heard that Chen Chu had no time to meet him. When he came to Yanjing this time, Ed Wolard specifically told him to let him meet Chen Chu.
For Ed Wolard and DuPont Group, Apple is just a part of its huge investment industry, and Chuke Technology has performed well in recent years. Not only those investment banks on Wall Street, but also want to take advantage of Chuke Technology's giant ship, DuPont and other old traditional industries, they also want to get a share of Chuke Technology.
Although I was disappointed, Bob Field still smiled and looked at Tang Zhouming and said, "President Tang asked Chairman Chen to tell me Mr. Ed Wolard and DuPont Group, and welcome Mr. Chen at any time!"
After leaving the Onyx technology gate, compared to Bob Field with a smile on his face, Bruce Seville was full of sorrow.
"Bruce, you should be happy. You solved the big trouble. Onyx Technology and the e-reader industry alliance have withdrawn the lawsuit. You have done it!" Bob Field said, holding Bruce Seville's shoulder.
He smiled bitterly. Bruce didn't know what would he react when the agreement was reached by the leader of Joe's ears. "You know Steve's personality. He should have been furious now. Such an agreement..."
"Easy guy, Apple is more than Steve," Bob Field said to Bruce Seville. "Chairman Ed Wolard, I won't forget you!"
Ed Wolard patted Bruce Seville on the shoulder and gave him a hint of expression. Although he didn't say it clearly, he still made Bruce Seville understand that Ed Wolard would support him.
Bruce Seville could only talk about comfort, hoping that Ed Wolard could really protect him in the hands of leader Joe. When he thought of facing Jobs, Bruce Seville felt a little numb in his scalp.
Although the technology industry has predictions, in just a few days, when Onyx Technology reached a settlement agreement with Apple, it still surprised the outside world. Onyx Technology and members of the e-reader industry alliance have successively revoked the lawsuits.
Although the settlement agreement is confidential, there are hundreds of companies in the E-Reader Industry Alliance, and the content of the agreement is slowly revealed. It is difficult for the outside world to distinguish the authenticity of these contents.
But this time, the e-reader industry alliance has gained more or less benefits, and each company has received dozens or millions of dollars in compensation.
This is the first time that the e-reader industry alliance has taken a collective move, and the huge victory has forced technology giants like Apple to give in. The Reader Industry Alliance, which has tasted the sweetness, has begun to gain stronger control over the entire e-reader industry alliance.
After Apple reached an agreement with Onyx Technology and the e-reader industry alliance, Samsung and Amazon successively paid patent licensing fees, which was almost the same as the agreement reached by Apple.
Although these companies have not joined the e-reader industry alliance, they have not actually escaped from the constraints of Onyx Technology and the e-reader industry alliance, and the production costs are greater.
After paying patent fees for Apple, Samsung, Amazon, and other companies that want to enter the e-reader market, Onyx Technology's reputation as a "patent rogue" began to spread.
A technology magazine commented, "Unlike the patent gangsters in the past, Onyx Technology uses new technologies that are constantly developing, and new patents form a new patent barrier, or it is more appropriate to describe it as "Onyx tax". If you do not pay taxes to Onyx Technology, you will not be able to enter the e-reader market..."
Chapter completed!