SAMSUNG PAYS APPLE $1 BILLION WITH COINS!
War of the Titans turns into comedy..lol. Read below and share ur valuable comments..
This morning more than 30 trucks filled up with coins of 5 cents arrived at Apple’s headquarters in California. Initially, the security company that protects the facility said it was diverted to the wrong place, but minutes later, Tim Cook (Apple CEO) received a call from Samsung CEO explaining that they will pay $1 billion dollars for the fine recently ruled against the South Korean company in this way.
The funny part is that the signed document does not specify a single payment method, so Samsung is entitled to send him to the creators of the iPhone its billion dollars as they deem best.
This dirty but genius geek troll play is a new headache to Apple executives in the sense of the method that they need to apply for counting all that money, check if it is complete and try to deposit it crossing fingers to hope a bank will accept to receive that.
Lee Kun-Hee, Chairman of Samsung Electronics, told the media that his company is not going to be intimidated by a group of “geeks with style” and that if they want to play dirty, they also know how to do it.
You can use your coins to buy refreshments at the little machine for life or melt the coins to make computers, that’s not my problem, I already paid them and fulfilled the law.
A total of 20 billion coins, deliver hope to finish this week.
Samsung defintaly wound have a severe headache to arrange 20 bills coins of 50 cent and then counting...
Even if it were true they could send it back saying it was 5 cent short and Samsung would have to count it themselves...
samsung is definitely a loser!
lol!
Adding insult to injury to whom? To Apple? OMG..Receiving more than $1B is an injury for u? Hahaha... Genius...
Its in thne funnies - hint!
Yeah very hilarious! Apple is in panick bcoz they have found a true & tough competition in Samsung. A huge threat for them bcoz samsung has wide variety of technology items from laptop to mobile to spare parts to appliances etc..and with target market of all classes from A to D.. Apple need Steve Jobs from the graves lol..or jurors and a court from the US where Apple company is came from..Samsung is from South Korea...Jeez...
Samsung stole intellectual property, made a lot of money out of someone else's ideas and talents and has been ordered to pay an amount toward restitution. I don't think that adding insult to injury by doing this would be either funny or clever. the story is clearly a hoax and I hope Samsung continue to be held to account in court when their appeal goes through.
hilarious rumors. lol
Cool...:)
http://www.guardian.co.uk/technology/blog/2012/aug/29/apple-samsung-trucks-nickels-fake?newsfeed=true
Trucks on a section of the A40 highway in London
Trucks on a section of the A40 highway in London. You'd need 2,755 to carry a billion dollars in nickels. And then drive back. Photograph: Sang Tan/AP
As proof that some people will believe absolutely anything, the latest story doing the rounds is that following Apple's win in the mutual patent infringement case against Samsung, in which the jury assessed a $1bn fine, "Samsung paid Apple its $1bn fine by sending more than 30 trucks to Apple's headquarters loaded with nickels [5-cent pieces]". And that when Apple security was just about to freak out, Apple chief executive Tim Cook was called by Samsung who told him this was how they were paying the billion-dollar fine.
Hahahaha.
Jeez.
Well, at least one fact is right: Tim Cook is chief executive of Apple.
On to the debunking.
1) Samsung's fine ($1.049bn) isn't yet payable; the judge hasn't ruled. All we have is the jury's verdict. The judge's decision, which could include a tripling of the fine, is due on 20 September (or possibly 6 December now; it's unclear). Until then, Samsung only has to pay its lawyers. That should be less than $1bn.
2) If Samsung tried to pay the fine in five-cent coins, Apple could legitimately tell the trucks to turn around and head back to Samsung (if the trucks weren't imaginary in the first place). Here's the relevant phrase from the US Treasury web page:
Q: I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
A: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."
This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
So basically it would be Apple's choice whether it accepted the payment. (In the UK, the rules are stricter: "legal tender" - meaning payment for a court-ordered debt - mean, says the Royal Mint, that 5ps are only legal tender for amounts up to £5, for example. It's only when you get to £1 that you can pay debts up to "any amount".)
3) Some more fact-checkiing from Ken Tindell via Twitter: "A nickel weighs 5g. It would take 2,755 18-wheeler trucks (max legal tare 80,000 lbs) to carry the money."
The story appears to have originated on "humour" site 9gag, which Mobile Entertainment describes succinctly as "a place normally reserved for z-list memes and screenshots of Facebook statuses." Yup, this one fits that.
No, Samsung did not pay Apple $1 billion in five cent coins !
Several days ago, Apple scored a major legal victory against Samsung, which is why the Korean company now owes $1.05 billion to Cupertino. And obviously, the money has not been transferred yet since Samsung intends to appeal the judge's decision. Therefore, as hilarious as it may seem, Samsung did not really pay Apple its humongous fine with 30 truckloads of five cent coins, in contrast to what is claimed by some well-tailored story that is now circulating the web.
The story, according to which Samsung sent 30 trucks full of nickels to Apple's office in California, is a hoax that can be traced back to a meme originally posted on 9gag. Sure, it would have been hilarious if it were true, but there is no way for that to have happened. You see, doing so would have required 21 billion five cent coins to have been collected, which is more nickels than there are currently in circulation in...the U.S. And if that is not enough, since each coin weighs 5 grams, their total weight would have been over 100,000 tons. Needless to say, it would have taken far more than 30 trucks for that cargo to be delivered.
So yeah, it is a cool trolling story, yet a fake one nonetheless. Or as Abraham Lincoln once put it: "Don't believe everything that you read on the internet."
from:
Interesting Engineering
source: IBTimes
ROFL... Billion Payback !!! haha
yea its in funnies..a rumor thats been spreading on the net..lol
guyz it's in funnies,
Source Please..
http://www.valuewalk.com/2012/08/samsung-pays-its-1b-fine-to-apple-in-nickels-false/
LOL
what an idea :)
ROFL
Anywayz they got their money... did the Koreans think that they are gonna sit and count one by one..is it not counted by its weight? then whats the big deal?
did they gather all the 5 cents in US just for that? LOL..
That was a cheap idea!!