Edmond Lococo for Bloomberg:
A Chinese court will delay its decision on Apple Inc. (AAPL)’s appeal of a ruling denying its ownership of the iPad trademark in China to let the company pursue mediation with Proview Technology (Shenzhen) Co.
The procedural delay gives Apple time to work out a deal with Proview. Proview says it owns the iPad trademark in China; Apple says it licensed the brand name from Proview. Proview contends that Apple negotiated the license with its Taiwanese subsidiary instead. A Proview technology lawyer says that Apple has offered Proview a settlement, but that a “big gap” exists between the two sides.
Proview is desperate for capital. The company’s stock stopped trading in 2010 and its creditors have demanded it file for bankruptcy.