Google is moving into your market. For tech companies, few words are more frightening, and yesterday we saw why. The mere announcement of Google Maps Navigation sent shares of established GPS device makers like Garmin and TomTom into an ugly downward spiral.
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Turns out that when Apple COO Tim Cook said the company would use “whatever weapons we have at our disposal” to pursue anyone who “rips off” Apple’s iPhone intellectual property, he had a very specific weapon in mind: United States Patent #7,479,949. Awarded just days before Cook made that statement, the vast 358-page patent describes the touchscreen, graphical user interface and technologies that define the iPhone user experience, including at least one that may define an element of the Palm Pre’s as well.
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It might seem like a lot of money–$8.1 billion–to pay for a company whose reported second-quarter net income was just $40.9 million on revenue of $202.3 million. Unless you happen to be the world’s largest cellphone provider. And you believe the company in question to be the key to your success in the location-based services [...]
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