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A federal court handed Apple a victory on Wednesday by suspending a ban on the US sale of its latest Watch models in a feud over patents with health company Masimo.
Source: https://www.legit.ng/business-economy/technology/1570740-apple-wins-watch-ban-delay-patent-feud/
Apple could license the technology from Masimo or develop its own technology.
Source: https://investorplace.com/2023/12/apples-market-maneuvers-is-aapl-stock-a-smart-buy-at-193/
Apple has separately sued Masimo for patent infringement in federal court in Delaware.
Bank of Nova Scotia lifted its stake in Masimo by 19,378.7% in the 2nd quarter.
Source: https://www.etfdailynews.com/2023/02/24/credit-suisse-ag-sells-14200-shares-of-masimo-co-nasdaqmasi/
Further, the judge threw out parts of the case relating to Apple’s practice of hiring Masimo employees, saying that “recruiting or hiring employees from another company, including from a competitor, does not on its own constitute improper means.”
Source: https://fortune.com/2023/12/27/apple-watch-ban-tim-cook-masimo/
In a statement, Masimo said the decision to ban the Apple Watch models “demonstrates that even the world’s most powerful company must abide by the law.”
In other Masimo news, CEO bought 7,784 shares of the stock in a transaction on Friday, November 11th.
It’s agreed by both sides that Apple sought a meeting with Masimo when it was exploring adding pulse oximetry to the Apple Watch.
Source: https://www.nytimes.com/2023/10/30/opinion/apple-watch-masimo.html
Masimo and Community Health System that CHS is adopting a variety of advanced Masimo monitoring technologies and solutions across its campuses.
Source: https://vator.tv/news/2023-06-19-digital-health-news-funding-round-up-in-the-prior-week-june-19-2023
Masimo and Community Health System that CHS is adopting a variety of advanced Masimo monitoring technologies and solutions across its campuses.
Source: https://vator.tv/news/2023-06-19-digital-health-news-funding-round-up-in-the-prior-week-june-19-2023
Masimo CEO Joe Kiani has also indicated that he is willing to settle the dispute.
Masimo sells its own health and wellness wearables that compete with the Apple Watch.
Neither Apple nor the biotech firm, Masimo, immediately responded to requests for comment.
Source: https://www.aol.com/news/apple-watch-ban-halted-appeals-183529527.html
On Wednesday, a U.S. appeals court temporarily halted the government commission's import ban on certain Apple Inc AAPL smartwatches following a patent dispute with Masimo Corporation MASI, a medical technology firm, Reuters reports.
Pathstone Family Office LLC raised its position in shares of Masimo by 91.1% in the 3rd quarter.
Stifel Nicolaus increased their price objective on Masimo from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, September 12th.
The ban on the watches remains in effect until Apple reaches a licensing agreement with Masimo, gets a federal reprieve or fixes the problem.
The ITC ruling could lead to Apple needing to license the technology from Masimo or work on other solutions to offer the medical technology on its devices.
The seven O.C. residents, all women, sent a note Monday about 1:15 p.m. that said they’d voted on the six alleged trade secrets, and six jurors favored Apple while one favored Masimo.
Source: https://www.orangecoast.com/people-places/mistrial-declared-in-masimo-lawsuit-against-apple/