Samsung rules out patent settlement with Apple

Samsung Electronics has ruled out a patent litigation settlement deal with Apple (NASDAQ:AAPL) akin to the one Apple and HTC announced last weekend, according to a senior Samsung executive. J.K. Shin, the president of Samsung's mobile division, told South Korea's Yonhap News Agency that "it may be true that HTC may have agreed to pay $276 million to Apple, but we don't intend to (negotiate) at all." In August Apple won a $1.05 billion damage award from a U.S. jury in a patent infringement trial with Samsung. Samsung has appealed the ruling and the two smartphone giants are still engaged in patent litigation around the world. Apple's litigation against both HTC and Samsung is widely seen as a proxy war between Apple and Android vendor Google (NASDAQ:GOOG), since both HTC and Samsung are prominent Android handset makers. Article