Connect with us

Thursday 3rd December, 2020

ADVERTISEMENT

Business

Cisco Fined $1.9 billion In U.S. Patent Lawsuit

Published

on

FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante

A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents, reports Reuters.

U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a month-long non-jury trial that Cisco infringed four patents belonging to Centripetal Networks Inc, of Herndon, Virginia.

He found no infringement of a fifth patent.

In a 167-page decision, Morgan said the case was “not a close call,” citing inconsistencies in Cisco’s evidence and that its own technical documents, many of which Centripetal itself introduced at trial, “proved Centripetal’s case.”

The payout includes a $1.89 billion award, reflecting $755.8 million in actual damages suffered by privately held Centripetal multiplied by 2.5 to reflect Cisco’s “willful and egregious” conduct, plus prejudgment interest.

“Cisco did not advance any objectively reasonable defenses at trial” as to the four patents, Morgan wrote.

“The infringing functionality was added to their accused products post-June 20, 2017, and resulted in a dramatic increase in sales which Cisco touted in both technical and marketing documents,” he added.

Cisco said it was disappointed with the decision, “given the substantial evidence of non-infringement, invalidity and that Cisco’s innovations predate the patents by many years.”

The San Jose, California-based company plans to appeal to the U.S. Federal Circuit Court of Appeals.

Cisco posted $11.2 billion of net income on $49.3 billion of revenue in its latest fiscal year.

Centripetal was founded in 2009 and focused on using threat intelligence software and firewall hardware to protect cyber networks.

“With this judgment, the court rejected the primitive doctrine that might make right,” Paul Andre, a lawyer for Centripetal, said in a statement. “This is a significant win for all small, innovative companies.”

The case is Centripetal Networks Inc v Cisco Systems Inc, U.S. District Court, Eastern District of Virginia, No. 18-00094.

Share Post

Business

At Cool-C Car Mart, Quality Cars And Affordable Prices Stand Us Out- Izuh

Published

on

Mr Chinwuba Izuh, CEO, Cool-C Car Mart

Cool-C Car Mart is a marketplace for virtually all brands of foreign used (Tokunbo) cars ranging from Mercedes to Toyota, Honda, Volkswagen, Lexus, and Nissan amongst others.

Located along 7th Avenue, Festac Town, Lagos, Cool-C Car Mart does not only boast of an array of brand new-looking cars, it is a place where auto lovers can get their dream cars- Saloons and SUVs in particular, at very cheap and affordable prices.

Mr Chinwuba Izuh, Chief Executive Officer of Cool-C Car Mart, told digitaltimesng.com that his firm has contributed in no small way in helping Nigerians own their dream cars in spite of the harsh economic realities.

“We are a company built on integrity and quest for quality products. That is why we’ve never had any after-sales issue with any of our customers because we ensure that what we import into this place are well tested, quality automobiles.

“In spite of this integrity and quality assurance, we still rank the Number 1 when it comes to affordable pricing. We do this, not because we are covering the cost of importation but because we feel the pains Nigerians are going through. We know what Nigerians are passing through and the desire to own their dream cars.

“What we have here is a combination of quality and affordable products. Our mission here is to ensure that Nigerians willing to have their dream cars are not denied such necessity and luxury as a result of the high cost of automobiles,” Izuh said.

The CEO stated that in the past when the Nigerian economy was booming, Nigerians were purchasing brand new cars because they could afford them then, regretting that unfortunately, that regime is now history.

According to him, “In those good old days when the country’s economy was buoyant, new car purchases were not only common but thrived. However, with the worsening economic downturn, brand new (or ‘tear rubber’) cars have become too expensive for many. Today, foreign used cars have become an alternative because they come neat, solid and cheaper.”

“The National Bureau of Statistics (NBS) released a report last year showing that Nigeria spent a whopping sum of N148 billion to import used vehicles in the first quarter of 2019. It showed that used vehicles are the third most imported goods in the country, behind Laboratory glassware and motor spirit.”

He noted that the company plans to get into aggressive marketing of its products by commencing online sales via the website, Instagram, Facebook, YouTube and other social media platforms, stating that that imported foreign used cars known as Tokunbo has till date, remained a phenomenon.

“You know that with the advent of the Internet, particularly social media, there has been an emergence of online car shopping sites making the purchase and sale of cars easy for Nigerians with just smartphones and access to mobile data.

“In addition to giving Nigerians the opportunity of coming to our ultra-modern showroom in Festac Town, we are going to open up the virtual platform for our existing and prospective customers to sit in the comfort of their homes and make orders for cars of their choice,” Izuh said.

On what stands out Cool-C Car Mart, Izuh said apart from its affordable prices, its customers are allowed to properly scrutinize the specifications of the car of their choice, mileage covered as well as a mandatory test driving to ascertain the state of health of the car.

 

 

Share Post
Continue Reading

Business

Konga Website Records Huge Traffic As Shoppers Grab Black Friday Offers

Published

on

Indications have emerged that Konga, Nigeria’s foremost composite giant, witnessed a massive surge from bargain-hungry shoppers who kept vigil on its website in the early hours of today to grab the Black Friday deals on offer.

The development comes as the world marks the global celebration of the 2020 edition of Black Friday today, Friday, November 27.

Investigations reveal that the traffic spike on www.konga.com was recorded from midnight when Konga rolled out its exclusive offers for Black Friday.

Computing products such as laptops and Tablet PCs, among others, mobile phones, electronics, Home & Kitchen appliances and Fast Moving Consumer Goods (FMCG) were among the categories that witnessed the highest patronage from shoppers.

Earlier, Konga had announced the release of 35,000 units of laptops, Personal Computers (PCs), tablets and complimentary printers through Konga Bulk – a development that is bound to have contributed to the heavy traffic witnessed on its website from midnight.

Also, Konga Bulk is making the devices available at unbelievable prices, unmatched anywhere else in the market, as a way of easing the pain of many Nigerian consumers and in line with the spirit of this year’s Black Friday.

Meanwhile, more eager shoppers are expected to join the hunt for Black Friday deals at Konga this morning, with the company’s chain of retail stores across Nigeria also expected to record significantly higher footfalls from walk-in customers.

Equally important, traffic to the Konga website will expectedly maintain an upward spike today.

The e-Commerce giant has lined up a number of offers to make today’s Black Friday event a remarkable one for its customers.

These include price slashes across major product categories, flash sales, treasure hunts and other freebies, even as it assures customers of swift deliveries of their orders.

 

Share Post
Continue Reading

Business

Konga Bulk Offers 35,000 Laptops, PCs, Others At Huge Discounts Friday

Published

on

Konga, Nigeria’s foremost e-Commerce giant, is set to make available over 35,000 units of laptops, Personal Computers (PCs), tablets and complimentary printers at giveaway prices for Nigerians through Konga Bulk, its innovative, bulk purchasing platform for those buying large quantities while also offering the same opportunity to retail buyers as well.

Konga unveiled the special prices for the devices at 12am-midnight for the Black Friday celebration today while at the same time, assuring of swift deliveries to all customers.

The products range from devices for kids, students, educational institutions and major corporate high-end users.

Brands on offer are Lenovo, HP, ASUS, Dell, Zinox and Samsung tablets, among others. All devices are brand new and latest models of Laptops, Desktops, Tablets PCs and complimentary HP Printers.

The devices can be accessed via https://www.konga.com/content/bulkorders

This development is bound to come as a much-needed respite for Nigerian consumers, corporates and educational institutions who have been paying over the odds for scarce computing devices in the face of a prevailing global scarcity occasioned by supply disruptions as a result of the COVID-19 pandemic and which are being projected by major OEMs to persist till June 2021.

Furthermore, Konga Bulk is making the devices available at unbelievable prices, unmatched anywhere else in the market, as a way of easing the pain of many Nigerian consumers and in line with the spirit of this year’s Black Friday which will be marked globally today, Friday, November 27.

Kalu Johnson, Vice President, Strategic Business at Konga, says it is an offer that is worth taking advantage of.

‘‘As the largest source of computing and other digital devices in Nigeria, it is rewarding to know that we have earned the trust of global OEMs at this point of the critical need for Nigerians. Yes, it may not be enough for the country but we have commitments from our major partners for additional inventory for Nigeria at this period of scarcity. Interestingly, we have for all ages and all needs.

‘‘We have taken into consideration the inconveniences and huge pain being borne by Nigerians, many of who are paying excessively exorbitant prices for scarce computing devices. This is why we have decided to make these devices available at highly discounted prices via Konga Bulk for bulk buyers.

“It is a once in a lifetime opportunity for individual users, resellers, business owners, cooperatives, corporate organizations and educational institutions to take advantage of giveaway prices to stock up on their essential needs,’’ he disclosed.

Konga Bulk is a mega platform which has been touted a potential game-changer, offering manufacturers, distributors, resellers as well as Small and Medium Enterprises (SMEs) an opportunity to take advantage of Konga’s world-class assets including its secure regional warehouses, smart offices, cutting-edge technology, advanced digital logistics capabilities through an internally-owned subsidiary, Kxpress and its Central Bank of Nigeria-licensed Mobile payment platform known as KongaPay.

 

Share Post
Continue Reading

Trending