Samsung Shares Plunge After Patents Verdict

Shares of Samsung Electronics Co. fell sharply Monday, with analysts saying the company’s loss in its court battle against Apple Inc. in the U.S. increases uncertainty over the South Korean company’s future products.

The stock opened 6.8 percent lower, and at one point fell by as much as 7.7 percent to 1,177,000 won (US$1,037), the lowest intraday level in a month.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik