Apple fanatics grumble as company’s stocks decline

A federal judge today cut the one-billion-dollars plus in damages that a jury awarded to Apple in a lawsuit that the computer giant brought against Samsung over its patents.

That’s the latest bad news for the company that faced this week a barrage of criticism at its shareholder meeting.

The Cupertino-based company’s share price is on the decline, down more than 35 percent in the past 6 months. Shareholders are demanding a bigger piece of the $137 billion pie that the company holds in cash and securities.

Meanwhile Apple’s diehard fanatics are also grumbling about the company’s relationship with customers.

Adam Engst publishes the blog TidBITS, which has been covering Apple for the last 22 years, and spoke with KCRW’s Steve Chiotakis.