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Filed under: Apple Corporate

Apple, Psystar strike a deal

CNET and The Mac Observer noted a legal filing on Friday that suggested Apple and Psystar were looking to bypass the normal lawsuit process and enter a phase of private arbitration and mediation.

The filing notes that Apple and Psystar will participate in the Alternative Dispute Resolution (ADR) process, a way to keep legal costs down -- and the outcome private. For famously secretive Apple, this agreement seems right up their alley.

The agreement means the two companies will enter non-binding arbitration, present their case to a neutral party, and work out a deal through mediation.

This all probably comes down to one thing: cash money. Psystar has nowhere near the cash reserves that Apple has, so this less-expensive option is attractive to them. It's attractive to Apple because if they lose, the decision is kept under wraps. As CNET's Tom Krazit notes, if Apple is guilty of Psystar's antitrust accusations, it could hurt their other cases where they're accused of the same thing.

Of course, we'll know for certain the outcome simply by seeing if Psystar continues to sell their computers (or not) after January 31, when the ADR sessions wrap up.

[Via AppleInsider.]

Update: According to Psystar's attorneys, Apple and Psystar were ordered into the mediation by the court. According to several of our commenters, ADR is a common practice. Soulbarn says: "It is practically mandatory. It would be a surprise if it didn't happen, no matter who the case involved, big or small, famous or not famous, precedent-setting or non-precedent setting. It is part of the normal legal process." Thanks, everyone!

Filed under: Apple Corporate, Apple

Apple won't be delisted from the NASDAQ

There was a chance that Apple would be delisted from the NASDAQ, which is never good for a company's stock. The issue stemmed from the investigation of options irregularities which forced Apple to restate earnings. This, in turn, delayed the filing of some paperwork, a 10Q form to be exact, therefore leading to possible delisting.

Luckily, the NASDAQ stated that they will not delist Apple as long as the company files their 10Q within 2 months. Peter Oppenheimer, Apple CFO, says that if Apple is unable to meet that deadline they will file for an extension.

[via the Mac Observer]

Filed under: iPod Family

Kids still like iPods

Gene Munster, an analyst for Piper Jaffray, has just completed a survey of teens focused on MP3 players. His findings aren't too shocking: the kids like iPods. 79% of those who own an MP3 player have an iPod of some kind while 76% who are planning to buy an MP3 player in the next 12 months will be buying an iPod.

Seems like the iPod is still hip and with it, much like this humble blogger. Cool, daddio.

[via Infinite Loop]

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