How A Late-Night Email To Tim Cook 10 Years Ago Possibly Triggered Masimo's Battle To Get Apple Watch Banned
Portfolio Pulse from Ramakrishnan M
A late-night email to Apple CEO Tim Cook in 2013 from scientist Marcelo Lamego, formerly of Cercacor Laboratories, a Masimo sister company, may have sparked a legal battle between Apple and Masimo Corporation. The dispute involves allegations of patent infringement and talent poaching related to blood-oxygen monitoring technology in the Apple Watch. Masimo claims Lamego brought over proprietary technology to Apple, which Apple denies. The legal issues led to a temporary ban on Apple Watch sales in the U.S., which was halted by an appellate court. Masimo is seeking a settlement, while Apple maintains its innocence and emphasizes its internal development.
December 28, 2023 | 5:57 am
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POSITIVE IMPACT
Masimo Corporation is in a legal battle with Apple, alleging that the tech giant infringed on its patents and poached talent for the Apple Watch's blood-oxygen monitoring feature. Masimo seeks a settlement that could financially benefit them if Apple agrees to license its technology.
Masimo's legal action against Apple could have a positive short-term impact on its stock if investors anticipate a favorable settlement or licensing agreement. The case puts Masimo in the spotlight and could potentially lead to financial gains if they win or settle.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Apple is embroiled in a legal dispute with Masimo over alleged patent infringement and talent poaching for blood-oxygen monitoring technology in the Apple Watch. The temporary ban on Apple Watch sales, now halted, could have impacted Apple's revenue from its wearables segment.
The legal dispute with Masimo poses a negative impact on Apple's stock in the short term due to potential disruptions in sales and the negative publicity surrounding the case. The temporary ban, although halted, indicates serious legal challenges that could affect investor sentiment.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80