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Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

appleinsider.com

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Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#21

Post by stevehawk »

sillysaurusx wrote: post #15
jamessb wrote: post #10

Earlier quoted context omitted.

I think you meant to post in this thread instead: https://news.ycombinator.com/item?id=28366063

I once accidentally posted a comment in the wrong thread, and someone replied with a link to the thread I meant to post it in. I spent the rest of the day wondering how the hell I'd managed to write an entire reply to the wrong thread. Bet they're going through a "what... but how...?" feeling right about now. (I still don't really know. It must be a combination of having HN tabs open, interleaved with articles, but t…

happens on reddit all of the time.. and slashdot

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#22

Post by beervirus »

PragmaticPulp wrote: post #16

This article doesn’t answer the real questions: How much stock did he own, how did he own it, and what percentage of his portfolio was it? Apple is one of the biggest companies in the US, so it comprises a significant portion of large-cap index funds. If any of your 401K or other portfolio includes an ETF or other fund with large-cap US companies, you own Apple stock. If you’re invested 100% in a simple S&P 500 index…

Doesn’t look like this is just an index fund situation.

>ownership in a mutual or common investment fund that holds securities is not a “financial interest” in such securities unless the judge participates in the management of the fund

https://www.uscourts.gov/judges-judgeships/code-conduct-unit...

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#23

Post by chaz6 »

pembrook wrote: post #12

Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.

Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#24

Post by pc86 »

Waterluvian wrote: post #19
JohnJamesRambo wrote: post #7

"His ownership of stock neither affected nor impacted his decisions in this case." Like any human can ascertain this about themselves.

I just checked. I own Apple stock through my RRSP mutual fund. Looks like 0.5% of my investment is Apple. Can I ascertain, about myself, that this wouldn’t affect my decision making?

Even more, if 0.5% of your investment is enough to affect your decision making, you're going to be so paralyzed by analysis paralysis and competing goals you'd never be able to get anything done.

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#25

Post by tsjq »

chaz6 wrote: post #23
pembrook wrote: post #12

Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.

Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.

it was widely alleged / believed that S.E was sent to Nokia with a specific goal that would benefit M$

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#26

Post by marcinzm »

beervirus wrote: post #22
PragmaticPulp wrote: post #16

This article doesn’t answer the real questions: How much stock did he own, how did he own it, and what percentage of his portfolio was it? Apple is one of the biggest companies in the US, so it comprises a significant portion of large-cap index funds. If any of your 401K or other portfolio includes an ETF or other fund with large-cap US companies, you own Apple stock. If you’re invested 100% in a simple S&P 500 index…

Doesn’t look like this is just an index fund situation. >ownership in a mutual or common investment fund that holds securities is not a “financial interest” in such securities unless the judge participates in the management of the fund https://www.uscourts.gov/judges-judgeships/code-conduct-unit...

They could have someone managing their portfolio that basically does the same strategy as a mutual fund but technically isn't one. Unless they paid attention they wouldn't know what was being invested in at any given point in time.

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#27

Post by pembrook »

chaz6 wrote: post #23
pembrook wrote: post #12

Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.

Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.

While the “one outsider came in and ruined everything” narrative might be a soothing one (especially for the people of Finland), I’m not sure it’s actually true.

Do we honestly think Nokia would have been able to compete in the same mobile OS space that not even Microsoft could carve out a space in?

I don’t think it’s a mistake that the only true competitor to Apple ended up being Google. At the time, they were the most competent big player in web-based software. The acquisition of Android and integration with Google services like search, navigation, gmail, etc. is a value-add that Nokia could never have matched.

Apple of course already had the value add of their entire ecosystem of computing and multimedia ecosystem (iPod, iTunes, etc).

Windows phone failed because its value-add didn’t actually have much value, unlike the Google and Apple ecosystems. It turns out nobody needs excel, PowerPoint, etc integration on their phone.

Nokia would have had even less value-add in the software space, given they had no software ecosystem at all!

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#28

Post by gtirloni »

chaz6 wrote: post #23
pembrook wrote: post #12

Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.

Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.

If Windows Phone couldn't compete with Apple, I don't think Meego would have done any better.

Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings

#30

Post by sigzero »

marcinzm wrote: post #26
beervirus wrote: post #22

Earlier quoted context omitted.

Doesn’t look like this is just an index fund situation. >ownership in a mutual or common investment fund that holds securities is not a “financial interest” in such securities unless the judge participates in the management of the fund https://www.uscourts.gov/judges-judgeships/code-conduct-unit...

They could have someone managing their portfolio that basically does the same strategy as a mutual fund but technically isn't one. Unless they paid attention they wouldn't know what was being invested in at any given point in time.

This happens a lot and probably much more than people realize.
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