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50°

VirnetX Wants Apple To Pay $532 Million Over Supposed Patent Infringement

VirnetX – An internet patent holding firm that really likes to screw over tech companies with deep pockets, is apparently looking to make Apple pay up a pretty penny ($532 million!) over an alleged patent infringement dispute.

According to Bloomberg, VirnetX is taking the offensive against apple because they claim that the company has been using their patented technology for secure communications. Get what that means? Me neither, so let’s explain further. VirnetX holds various online patents for VPN’s (Virtual Private Networks), a technology that allows a website owner to interact with customers securely or allowing an employee to work at home and access company files. And they have been on an ongoing battle with Apple, claiming that the company has been using this technology of theirs, going as far as to say that features like Facetime and iMessage, are also examples of infringement.

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geeklynewsgazette.net
RetrospectRealm3015d ago

It's kind of funny because $532 million is kind of chump change to a juggernaut like Apple.

Of course it won't liekly be paid or it will be settled out of court. VirnetX is probably looking for a quick cash grab.

JayEscobar3014d ago

VirentX does this a lot. They look for petty law suits like this and gain huge amounts of income at once so that they have enough to stay in operations and sue another time.

Kind if sleezy, but whatyougunnado?

gizmig3015d ago

Seriously? Apple should not pay it because not even just Apple many other companies are following the same procedure. VirnetX can't sue them all in court.

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sonicwrecks63d ago

I've fixed the images on some of these past submissions of yours. Please in the future make sure the image isn't broken on submission.( I always found it best to download/upload it to be honest. )