Yesterday I told you that President Barack Obama used his right of veto to block the imposition in the USA of a ban on the import and sale of some Apple iDevices. At Obama's decision the market they reacted, and the value of Samsung's stock market capitalization fell by no less than 1 billion dollars, the Asians winning before the ITC the right to impose this ban on the Apple company. As Samsung's investors began to show concern about the future of Samsung's FRAND patents, the company's market share dropped steadily and significantly.
More than $1 billion was wiped out of Samsung Electronics Co.'s market value early Monday after a surprise decision by the Obama administration over the weekend to veto an import ban on some Apple Inc. products in the US Early Monday, South Korea's biggest company by market capitalization fell 0.6% to 1,278,000 won ($1,137), wiping out $1.05 billion of Samsung's market capitalization.
It was expected that Samsung would suffer this, considering that the stock market is extremely fragile and reacts to everything, no matter how important that thing is or not.
