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Pre-Market Primer: Winners and Losers Emerge From Apple's Courtroom Victory


Which companies might benefit from a hamstrung Samsung?

MINYANVILLE ORIGINAL As investors and traders await Fed Chairman Ben Bernanke's speech at Jackson Hole this Friday, stocks are poised for a higher opening today.

The smartphone space will likely see plenty of action today. After the verdict in the landmark patent lawsuit between Apple (AAPL) and Samsung (SSNLF) turned out to be a decisive victory for Apple, the market is sorting out the winners and losers in after-hours trading. Samsung took a major beating in Seoul trading today, declining 7.45%. Some of the Korean company's devices might be banned from sale in the United States. Apple, naturally, made gains in the pre-market, rising 3% this morning.

Nokia (NOK), the former smartphone shipping champion that was only recently dethroned by Samsung, got a huge lift from Apple's victory. If Samsung can't sell many of its most successful phones in the US, consumers might be more willing to adopt a Windows phone. Shares of Nokia are up 12% this morning, and Microsoft (MSFT) shares gained 1.11%.

Google (GOOG), which makes the Android operating system that Samsung phones run on, fell 2% before market hours. (It should be noted that the software patents that Samsung was found to violate were made by Samsung, not Google.) Other Android OEM partners such as HTC and LG will not be affected by this ruling, but they might think twice before borrowing design ideas from Apple when they 'skin' the core Android OS, as Google has previously warned Samsung.

Google released this statement to the press.

The court of appeals will review both infringement and the validity of the patent claims. Most of these don't relate to the core Android operating system, and several are being re-examined by the US Patent Office. The mobile industry is moving fast and all players - including newcomers - are building upon ideas that have been around for decades. We work with our partners to give consumers innovative and affordable products, and we don't want anything to limit that.

There is still a chance that Samsung will still be able to sell the products in question. The $1.05 billion award to Apple might also be softened in appeals court.

Dow (^DJI) futures rose 0.13% to 12,173.00, S&P 500 (SPY) futures gained 0.35% to 1,414.80, and Nasdaq (^IXIC) futures climbed 0.69% to 2,794.25.

In a letter to Republican Congressman Darrel Issa that the Wall Street Journal published on Friday, Ben Bernanke said that "there is scope for further action by the Federal Reserve." Bernanke's comments drove a rally in stocks. Investors will be looking for more decisive statements that the Fed will pursue stimulative monetary policy.

European shares advanced today after reports in Der Spiegel that German Chancellor Angela Merkel's government is seeking greater political integration for the eurozone. Germany's Ifo Survey showed that economic sentiment in the eurozone's biggest economy declined in August. Asian stocks mostly declined today despite Chinese Premier Wen Jiabao urging for further measures to spur economic growth in the country.

Oil futures advanced this morning on supply concerns. A refinery explosion in Venezuela killed 39 people, coupled with a hurricane moving over the Gulf of Mexico which sent crude futures and gasoline prices up.

Twitter: @vincent_trivett
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