Beats Settles Headphone Patent Dispute with Bose
Beats, the headphone and streaming music company that Apple recently acquired, settled a patent lawsuit with Bose. The headphone and speaker company Bose had filed the lawsuit against Beats in July. The dispute was about noise-canceling technology. Both companies agreed to settle for undisclosed terms and dismiss the case.
Icahn Pushes Apple to Buy Back More Shares
Activist investor Carl Icahn sent a letter to Apple last Thursday, urging the company to accelerate its buyback of shares. Icahn said that AAPL should be trading at $203, which is more than twice what it is trading at now.
Technology Select Sector SPDR Fund — XLK
Invest in AAPL while reducing your risk by investing in an ETF such as XLK, which currently has holdings in 73 companies, with AAPL shares comprising 16.13 percent of its total holdings.
By Diana Primavera, ETF Daily News