Apple Computer 'press defense' wins suit
Article Abstract:
A San Francisco federal appeals court has ruled that shareholders can not hold corporation officials liable for new product sales projections that are false if the media concurrently reveals enough information about a product's defects. Shareholders filed suit in 1984 against Apple Computer Inc, claiming that the company misled them about the expected success of the Lisa computer that was introduced in 1983. According to the suit, Apple stirred public excitement by claiming that the office computer would revolutionize the workplace. Apple's stock climbed to a high of $63.50 a share, but when the company revealed Lisa's poor sales in 1983, the stock plummeted to a low of $17.37 a share. More than $150 million in losses were reported by the shareholders.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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IBM loses round to tiny firm on 'Big Blue' nickname
Article Abstract:
The federal Trademark Trial and Appeal Board ruled in favor of Big Blue Products Inc and against IBM in a trademark dispute. IBM sued Big Blue Products for using the 'Big Blue' name, which is an industry nickname for IBM. IBM attempted to register the 'Big Blue' trademark in 1989 for a line of typewriter ribbons but Big Blue Products opposed the registration contending that it has been using the 'Big Blue' trademark since 1984, even though it had not been registered. The Trademark Trial and Appeal Board has not given the registration to either company as yet. IBM claims that it has a right to the trademark because the name 'Big Blue' has been associated with IBM since the 1960s.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Xerox to appeal judge's ruling on Apple suit
Article Abstract:
Xerox Corp plans to appeal a federal judge's ruling that dismissed most of Xerox's $150 million copyright lawsuit against Apple Computer Inc. Xerox has accused Apple of misappropriating software copyrights for the Macintosh microcomputer design. All but one of Xerox's claims are thrown out. The claim that remains is a declaratory judgment confirming Xerox's claim to ownership of the 1980 Star software copyright. Xerox reported in May 1989 that it was the true pioneer, demanding that companies start paying licensing fees to use Xerox's software.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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