THE SHORT-TERM REACTION FOR SAMSUNG
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Samsung Electronics Co. plunged the most in almost four years, wiping out more than $12 billion in market value, on concern some devices may be banned in the U.S. after a jury said it violated Apple Inc. (AAPL) patents.
Samsung plummeted 7.5 percent after a California court on Aug. 24 ruled the world’s biggest handset maker infringed six of seven patents. Jurors said the Suwon, South Korea-based company must pay more than $1 billion in damages in the first lawsuit between the dominant global smartphone rivals to go before a U.S. jury.
SOURCE: http://www.bloomberg.com