The war between Apple ( AAPL , quote ) and the iPhone and iPad on one hand and my friends in the emerging markets technology sector on the other sometimes delivers mutually beneficial results.
Taiwanese manufacturer HTC just might make the best handsets in the world -- inside the Android world or out of it, and including the iPhone -- and so its decision to settle Apple's patent infringement claims rather than fight is actually good.
The company has been dragging its heels against Apple for awhile now, but after a U.S. International Trade Commission ruled in favor of the giant of Cupertino, HTC agreed not to fight the verdict.
After all, the ruling only found HTC guilty of stepping on two of AAPL's patents -- and innocent of infringing on any of the other functionality that Apple says they stole.
This means that HTC and its counterparts -- Samsung in Korea, Motorola Mobility ( MMI , quote ) over here -- are still free to pump out smartphones with less fear of stepping on the iPhone's toes.
The Android phone universe just won the right to exist in the eyes of the world's courts. And now HTC has until April to eliminate the offending code from its phones.
You can see this in the way HTC shares soared 7% in Taipei overnight while Apple only rose 3% on this news. The market has decided. HTC and Android won this one.
While U.S. traders have a hard time buying HTC directly, it is one of the top holdings in Taiwan fund EWT ( quote ) with a 3% weight.