This ranks among the largest intellectual property awards on record even though it’s far below Apple’s request for more than $2.5 billion. The federal jury in San Jose today found that Samsung Electronics Co infringed on six Apple patents and awarded $1.05 billion in damages, according to news reports. The jury also found that Samsung willfully infringed five of the seven Apple patents at issue in the trial and upheld the validity of all seven Apple patents. The jury also found that Apple did not infringe on any of Samsung’s patents and awarded Samsung no damages. Apple shares rallied in after-hours trading after the verdict was read.


Just curious about your headline, the markets were closed when the jury’s decision was announced. How is the stock up after winning the award?
Thanks in advance!
After hours trading
Ray- US Markets like the HYSE and Nasdaq close regular hours trading at 4:00 PM Eastern time. Extended hours trading is available both before and after the normal hours. This means one is able to trade early morning or late afternoon if you want to try to get a jump. Such trading is limited in volume. Apple actually traded almst 489,000 shares after hours and finished up $11.558.
Here is a link FYI http://www.nasdaq.com/symbol/aapl/after-hours
Thanks to both of you @ after hours trading. I did know about after hours but thought even the after hours was closed by the time the news broke. Obviously I was mistaken. Thanks again for the clarification.