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Company Needs Money, So Decides to Sue Apple

When it comes to tablets, the name in town right now is the iPad. It may be a funny name, but now it's out there and Apple loves it. But it turns out that the iPad name doesn't fully belong to Apple.

Proview, a struggling Taiwanese-owned company with offices in Hong Kong and China, is making it no secret that it wants to go after Apple over the trademarked IPAD name.

“We will sue them for damages in China and in the US,” Yang Rongshan, Proview’s chairman, told the Financial Times.

Proview makes flat screens and unsuccessfully tried to make a tablet computer nearly 10 years ago called the I-Pad.

Interestingly, Proview sold the "global trademark" to the name to a company called IP Application Development (IPAD) for around $51,000. At the time, Proview did not know that Apple was actually behind IP Application Development.

Proview said that it did not sell to Apple the rights for the name use in China. Indeed, databases show two IPAD trademarks in China belonging to Proview.

“It is arrogant of Apple to just ignore our rights and go ahead selling the iPad in this market, and we will oppose that,” Yang said. “Besides that, we are in big financial trouble and the trademarks are a valuable asset that could help us sort out part of that trouble.”