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Thread: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins

  1. #1
    Elite Member JazzyGirl's Avatar
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    Default Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins

    Lawsuit Paid In Full: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins |



    Lawsuit Paid In Full: Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins

    Posted by bladebrown83 on November 13, 2013
    Posted in: Music & Entertainment. Tagged: Android, Apple, Cell Phone, iphone, Samsung, TheBladeBrownShow. 88 comments
    This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.
    The funny part is that the signed document does not specify a single payment method, so Samsung is entitled to send the creators of the iPhone their billion dollars in the way they deem best.
    This dirty but genius geek troll play is a new headache to Apple executives as they will need to put in long hours counting all that money, to check if it is all there and to try to deposit it crossing fingers to hope a bank will accept all the coins.
    Lee Kun-hee, Chairman of Samsung Electronics, told the media that his company is not going to be intimidated by a group of “geeks with style” and that if they want to play dirty, they also know how to do it.
    You can use your coins to buy refreshments at the little machine for life or melt the coins to make computers, that’s not my problem, I already paid them and fulfilled the law.
    A total of 20 billion coins, delivery hope to finish this week.
    Let’s see how Apple will respond to this.

  2. #2
    Elite Member sputnik's Avatar
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    samsung phones suck ass but this is brilliant.
    I'm open to everything. When you start to criticise the times you live in, your time is over. - Karl Lagerfeld

  3. #3
    Elite Member MohandasKGanja's Avatar
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    I'm not as impressed. People have been paying off fines for eons with small change. Samsung lazily ripped off Apple's intellectual property and then proceeds to rip off an adolescent's idea of getting even.

  4. #4
    Elite Member faithanne's Avatar
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    Where do you get 20 billion 5 cent coins, do banks even hold that much? I'd be surprised if there were that many coins in circulation here, especially as they're becoming redundant.
    "You're going to die tomorrow, Lord Bolton. Sleep well."



  5. #5
    Elite Member HWBL's Avatar
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    Ah, ya gotta give them props for the effort.
    Warren Beatty: actor, director, writer, producer.

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  6. #6
    Elite Member MohandasKGanja's Avatar
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    Imagine if they put that much effort into the creative process.

  7. #7
    Elite Member HWBL's Avatar
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    ^Hehe, touché.
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    Elite Member JadeStar70's Avatar
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    I think it is funny...lol

  9. #9
    Elite Member Brookie's Avatar
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    It's Also a Giant Hoax

    Per Snopes:
    Origins: In August 2012, the business and technology worlds were rocked by a decision in a patent infringement lawsuit which had a jury finding that Samsung, the world's largest maker of cell phones, had copied patented features of Apple's iPhone and iPad technologies in several of its products, and awarding Apple $1.05 billion in damages.

    Several days later, that decision was spoofed in a humor piece (translated from the original Spanish) positing that Samsung had paid off the award in nickels:
    Samsung Pays Apple $1 Billion Sending 30 Trucks Full of 5 Cents Coins

    This morning more than 30 trucks filled with 5-cent coins arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said the trucks were in the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.

    The funny part is that the signed document does not specify a single payment method, so Samsung is entitled to send the creators of the iPhone their billion dollars in the way they deem best.
    Many readers who came across the article as it was circulated online mistook it for real news, even though the original and its most common reproductions were labeled as "humor" and "satire." But even for those who encountered it out of context, several aspects of the story should have stood out as implausible:
    The jury decision awarding Apple $1.05 billion in damages had been issued only a few days earlier, and damages as large as this are not paid off nearly so quickly. The judge in the case had not yet handed down her decision, and undoubtedly several rounds of appeals (likely culminating in a settlement), dragging on for months (if not years), would take place before Samsung actually paid out any damages to Apple, as noted in the Washington Post:
    Q. Was the verdict final?

    A. No. Samsung is challenging it. First, Samsung will first ask the trial judge to toss the verdict. Then it will appeal to a court in Washington that specializes in patent appeals. Samsung has vowed to take the fight all the way to the U.S. Supreme Court, if necessary.
    (Indeed, a judge later found the jury had miscalculated $400 million in damages for 13 products and ordered a new trial to determine how much Samsung should pay. That trial got underway in November 2013 and is still in process.)
    To pay off a billion dollars in nickels would require 20 billion of those coins. That amount would require Samsung to obtain the equivalent of all the nickels struck by the U.S. Mint in the last several decades. (In 2011, for example, the U.S. Mint produced less than one billion nickels, and 2010 less than half a billion.) Samsung would have to round up virtually every nickel in circulation to acquire over $1 billion worth of those coins, a feat that could hardly be accomplished without having a significant impact on the U.S. monetary system.
    A single nickel weights 5 grams (about .011 pounds), so a billion dollars' worth of nickels would weigh in at about 110,000 tons. That load would far exceed the carrying capacity of 30 or so trucks (requiring each truck to carry over 3,600 tons, or more than 7.2 million lbs. each). Even if the considerable weight of the trucks themselves weren't taken into account, the equivalent of about 2,755 eighteen-wheeler trucks, each hauling 40 tons' worth of nickels, would be needed to transport the weight of that many coins (and even that calculation still doesn't take into account the volume of physical space needed to assemble, transport, and store 20 billion nickels).
    As to the hypothetical question of whether Apple would be obligated to accept payment of damages in such a form, since the late 19th century pennies and nickels have been considered legal tender and are therefore "a valid and legal offer of payment for debts when tendered to a creditor." (Businesses selling goods or services are not required by law to accept legal tender as payment, but this particular scenario involves payment of a debt rather than a purchase of goods or services.)

    Read more at snopes.com: Samsung Pays Apple $1 Billion in Nickels
    twitchy2.0 likes this.
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    Elite Member faithanne's Avatar
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    Thank you, it seemed too ridiculous to be true.
    Brookie and sprynkles like this.
    "You're going to die tomorrow, Lord Bolton. Sleep well."



  11. #11
    Elite Member JazzyGirl's Avatar
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    geeezzz! I ALWAYS look up bizarre stories on Snopes - this didn't seem too far fetched.

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