Apple and Qualcomm are embroiled in a bitter legal battle over licensing and royalty fees that’s lasted for two years now and has led to the breakdown of the relationship between the two companies, but there may have been other factors in the breakup.
Leaked emails between Apple COO Jeff Williams and Qualcomm CEO Steve Mollenkopf seen by Bloomberg suggest the two companies may have cut ties over software access.
Williams wanted to continue to work with Qualcomm despite the legal battle, but Qualcomm accused Apple of leaking Qualcomm computer code needed to customize mobile chips. Williams offered to „firewall“ the Apple engineers using the [...]
Apple CEO Tim Cook earned more than $15 million in salary in 2018 according to the 2018 proxy statement Apple filed with the SEC today.
Cook earned a base salary of $3 million along with $12 million in incentives awarded for performance-based reasons, and another $682,000 in unspecified „Other Compensation.“ Cook earned a total of $3 million more than he did in 2017.
Cook’s listed salary does not include stock awards that he received in 2018, and when taking that into account, he earned an additional $121 million. In the future, Cook is set to receive stock worth upwards of $189 million as shares vest.
Back in January 2018, a class action lawsuit was filed against Apple for the Meltdown and Spectre vulnerabilities that affected a wide range of processors from Intel and ARM, including those used in Apple’s Macs and iOS devices.
Meltdown and Spectre were hardware-based vulnerabilities designed to take advantage of the speculative execution mechanism of a CPU, allowing hackers to gain access to sensitive information.
Apple quickly mitigated Spectre and Meltdown with software patches, but a class action complaint was filed against Apple alleging that Apple knew about the design defects in June 2017 and did not more promptly inform the public.
New York-based law firm Bronstein, Gewirtz & Grossman has announced it is investigating whether Apple and certain executives violated U.S. federal securities laws after the company lowered its revenue guidance by up to $9 billion for the first quarter of its 2019 fiscal year earlier this week.
The law firm is conducting the investigation on behalf of AAPL shareholders, with potential for a class action lawsuit, and encourages affected investors to obtain additional information and assist the investigation by visiting its website.
Bernstein Liebhard LLP, another New York-based investor rights law firm, launched a nearly identical investigation of Apple [...]