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AAPL climbs to #5 in Fortune 500 as gross revenues reached $170B

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Apple’s gross revenues of $170B were enough for the world’s most valuable company by market cap to climb one place in the Fortune 500 ranking, from 6th to 5th place.

Apple was placed behind Walmart, Exxon, Chevron and conglomerate holding company Berkshire Hathaway (which owns large chunks of such well-known brands as Heinz, Coca-Cola, Mars and American Express). Phillips 66, General Motors, Ford Motor, General Electric and Valero Energy make up the rest of the top 10.

While Apple ranks fifth in terms of revenues, its huge cash reserves mean that it has tended to alternate with Exxon as the world’s most valuable company when measured by market capitalization, and is arguably significantly undervalued by most measures … 

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Apple declines further investment in patent assertion entity Intellectual Ventures

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Apple and Intel both declined an invitation to invest in a new round of funding for patent assertion entity Intellectual Ventures, reports Reuters. Both companies had invested in the enterprise in the past. Intellectual Ventures did, however, receive further investments from both Microsoft and Sony.

Apple and Intel’s decision is significant because the biggest tech companies have supported IV in the past. “This would be a dramatic departure,” said Kevin Jakel, chief executive of Unified Patents.

Intellectual Ventures declined to discuss investments. Microsoft, Sony, Intel and Apple also would not comment. It is unclear whether Intel and Apple could still opt to invest in IV’s vehicle at a later time.

As a frequent target of patent trolls, it seemed an odd investment for Apple in the first place, and was most likely a simple protective measure: we’ll help fund you if you leave us alone.

An FTC filing revealed that Apple had been the target of a record 92 patent lawsuits in a three year period. Earlier this month Apple joined Microsoft, Ford, General Electric, IBM and other companies in forming a ‘Partnership for American Innovation’ to lobby against patent trolls.

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Apple, Microsoft and others group to lobby against upcoming patent troll legislation

Apple is worried that new legislation will limit its ability to protect its own intellectual property.

Reuters is reporting that Apple, Microsoft, Ford, General Electric, IBM and other companies are forming a lobbyist group called the ‘Partnership for American Innovation’. The group is worried that upcoming legislation focused on patent trolls may adversely affect true ‘innovators’ as well.



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