World
Apple faces $862.4 mn payout for using BITS graduates' technology
Apple faces the prospect of paying out damages to the tune $862.4 million for using without permission patented technology developed by a Wisconsin university team including two Indian-Americans.
 
Gurindar Sohi and Terani Vijaykumar, both electrical and electronics engineering graduates of Birla Institute of Technology and Science (BITS), Pilani, were part of a four member team that developed the technology.
 
A Wisconsin jury on Tuesday found that in creating processors for several popular devices, including the iPhone and iPad, the tech giant used technology owned by the University of Wisconsin Alumni Research Foundation (WARF).
 
The jury must now decide how much Apple owes the foundation in damages for its infringing A7 processor, used in the iPhone 5S, the iPad Air, and iPad Mini, according to Court News Service.
 
Trial proceedings began on October 5, over a year and a half after WARF first filed its complaint against Apple with the US District Court for the Western District of Wisconsin in early 2014.
 
Last month, the foundation filed a nearly identical complaint to the one the jury decided, claiming infringement of the same patent on the new A9 and A9X processors in the iPhone 6S, iPhone 6S Plus, and iPad Pro. Apple has yet to file an answer to the latest complaint.
 
According to both complaints, the patent titled "Table-Based Data Speculation Circuit for Parallel Processing Computer" was issued to Andreas Moshovos, Scott Breach, Terani Vijaykumar, and Gurindar Sohi in 1998 as a result of their "labour and ingenuity".
 
"The invention disclosed and claimed in the patent has been recognized by those in the art as a major milestone in the field of computer microprocessing," the complaints stated.
 
The patent, which concerns technology that improves processor efficiency, was used in the company's A7, A8 and A8X processors, which power the iPhone 5s, 6 and 6 Plus in addition to several iPad models, the foundation said in its compalaint.
 
"This work has been recognized as a major milestone in the field of computer microprocessor architecture/design," lawyers for WARF wrote as cited by Christian Science Monitor.
 
"Indeed, Dr. (Gurindar) Sohi, the leader of the lab that developed the '752 patent, has been elected to the National Academy of Engineering based on his work in the field of computer architecture," they added.
 
In its case, WARF asserts Apple incorporated patented computer microarchitecture into the A7, A8 and A8X system-on-chip designs, components used in numerous iOS devices.
 
As the University of Wisconsin's non-profit patent management body, WARF patents and licenses inventions developed at the institution, with proceeds gained put toward future research projects.
 
WARF leveraged the same patent against Intel's Core 2 Duo CPU in 2008, a case settled out of court in 2009 for an undisclosed sum, according to a 2014 report from The Register cited by the Monitor.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Jharkhand to appoint nodal officer for ease of business

The state government has decided to appoint nodal officer to interact with the investors willing to invest

 

Jharkhand will appoint a nodal officer to communicate with entrepreneurs willing to set up industries in the state, an official said on Thursday.
 
"The state government has decided to appoint nodal officer to interact with the investors willing to invest. The decision has been taken under policy of the state government of ease of doing business," an official of Jharkhand industry department told IANS.
 
The official also spoke on the investors' complaint that "the state government does not act as facilitation agency to create business environment in the state".
 
"The state government has taken a slew of measures in the field of labour, land and other sectors to help the investors. The government has launched a single window portal to help the investors," the official said.
 
"Eleven companies have shown willingness to invest Rs670 crore in food processing sector," the official said, adding: "Jharkhand is known for minerals like iron ore, coal and others but there is huge is potential in food processing sector. The government is trying to lure the investors to set up food processing units."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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WPI deflation is bottoming out, says Nomura
WPI (Wholesale price index) deflation eased to -4.5% year-on-year (y-o-y) in September 2015 from -4.9% in August 2015, marginally lower than expectations (Please see Figure 1). WPI food price inflation rose to 0.2% y-o-y from -1.5% in August 2015, with faster inflation momentum in the pulses (38.6% y-o-y) and spices (11.8% y-o-y) categories. These observations have been made in a Nomura research note.
 
Fuel price deflation deepened to a record low of -17.7% y-o-y owing to a broad-based decline across all fuel categories (excluding electricity). Meanwhile, the core WPI (WPI manufactured ex-food) contracted -1.9% y-o-y, unchanged from August 2015.
 
Much of the WPI deflation continues to reflect lower y-o-y global commodity prices, rather than weaker domestic pricing power, points out Nomura.  A breakdown of the WPI into commodity and ex-commodity prices shows that while WPI commodity prices contracted -16.1% y-o-y, WPI-ex commodity prices actually rose 0.7% y-o-y in September (Please see Figure 2).
 
Even though input costs are lower, firms have broadly held their output prices stable, suggesting ongoing margin expansion, observe Nomura analysts in the research note (Please see Figure 3).
In their inflation analysis, Nomura analysts observe that underlying trends suggest that WPI deflation is bottoming out. Indeed, even though y-o-y WPI readings remain negative, food and manufactured product prices (metals, cement) rose sequentially in September 2015. Nomura expects WPI inflation to remain negative until end-2015, but as base effects wane, it should turn positive from Q1 2016 onwards. Nomura expects WPI deflation to cease, but price pressures are expected to stay subdued.
 
 

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