Fortune calls it "the patent trial of the century." And based on money alone, it might as well be: Apple and Samsung are accusing each other of infringement. Samsung wants higher royalties on some technology and Apple is seeking $2.5 billion in damages.
A jury will decide which, if any, company is right. With jury selection, Reuters reports the trial begins today in San Jose, Calif.
An epic battle between the two biggest smartphone makers begins Monday in a federal district court in San Jose, Calif., where computing giant Apple is asking for more than $2.5 billion from rival phone maker Samsung for patent violations.
The suit would be the most expensive patent violation in history, and it's just one front in Apple's war against phones running Google's Android operating system.
Facebook reported slightly stronger than expected profits. For the second quarter, it reported a net loss of $157 million or 11 cents a share. But when it adjusted its earnings to remove stock compensation charges related to its IPO, Reuters reports, Facebook actually made 12 cents a share.
Longmont-based DigitalGlobe Inc. and GeoEye Inc. of Herdon, Va. have finally agreed to merge. These two commercial satellite imagery providers began discussing the details of a merger back in February.