Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, August 31, 2012

Article Excerpt

APPLE INC., $665.24, Nasdaq symbol AAPL, has won a patent-infringement lawsuit against South Korea-based Samsung Electronics. The jury decided that Samsung copied some features of Apple’s popular iPhone smartphones and iPad tablet computers. As a result, it will have to pay Apple $1.05 billion in damages. To put this award in context, Apple held cash and investments of $117.2 billion, or $125.07 a share, on June 30, 2012. In addition to the damages, Apple wants the court to ban certain Samsung products in the U.S. The ruling could help boost Apple’s market share, at least temporarily. However, this decision mainly applies to older Samsung products, and the company will likely modify its current devices to avoid violating Apple’s patents. Apple is still a buy. Apple was recently covered in the Wall Street Stock Forecaster Hotline for July 27, 2012. Click here to access it. Apple was recently covered in the July 2012 issue of Wall Street Stock Forecaster. Click here to access it. GOOGLE INC., $685.09,…