Published on02/27/08
The downside of having cash is the “lawsuit magnet” effect. Apple is getting sued by Romek Figa of Abraham & Sons about an alleged patent infringement on how the phone finds a known contact name, based on the caller’s number. Obviously, most, if not all phones on the market do that, and I would be shocked if Romek Figa of Abraham & Sons could prove that Apple used a patented algorithm from them. It is so simple that it’s lame to patent that, to start with.
Anyways, I will spare you the added journalistic drama of saying that “Apple might be in troubles…” - it’s just not going to happen.