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Investing

Chinese Firm Wants $2 Billion from Apple for iPad Name (AAPL)

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By Paul Ausick Published

A bankrupt mainland China subsidiary of Taiwan-based Proview Technology is now demanding $2 billion from Apple Inc. (NASDAQ: AAPL) for the right to use the iPad name on mainland China. Apple licensed the name from Proview in 2009, but the Shenzen-based subsidiary claims an exclusive right to the name on the mainland.

The WSJ’s All Things Digital blog posted several documents that were filed in a recent court case decided in Apple’s favor. A court in China has reversed the decision. Apple returns to a provincial court next week to argue its case further.

Apple claims that it bought the rights to the iPad name on the mainland at the same time it bought rights in Taiwan and elsewhere. Proview (Shenzen) claims the rights did not belong to Proview (Taiwan) and could not have been legally transferred.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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