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Verdict: Apple Hit With $634 Million in Damages in Masimo Lawsuit; Another Shoe May Drop

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At the end of last week, Masimo Corporation (Nasdaq: MASI) received some good news in its years-long court battle with Apple Inc. over its alleged infringement of Masimo patents misappropriated for use in Apple Watch models. It has been virtually a nuclear war between the two combatants, taking place in Federal, California, and Delaware courts; at the US International Trade Commission; in the Federal Appeals Court; at the Patent Trial & Appeal Board; and with the U.S. Customs and Border Protection.

Now, a California jury has found in Masimo’s favor in one of those cases and ordered Apple to pay it $634 million in damages. But is this the end of the matter?

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With Sound United Gone, Masimo Files SEC Report Recasting Last 3 Years of Financials

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Masimo website

With the final closing of its sale of Sound United to Harman International, Masimo Corporation (Nasdaq: MASI) has now submitted a Form 8-K/A with the Securities and Exchange Commission (SEC), which seeks to provide recast financials for its last three years, taking Sound United out of its numbers. Masimo also revealed the impact of some last-minute adjustments, as per its agreement with Harman.

Why would Masimo do this? Read on…

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Masimo Completes Sale of Sound United to Harman International

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Sound United presentation at CEDIA Expo 2025
Sound United presentation to media at CEDIA Expo 2025 [Click to enlarge]

The long-awaited closing of Masimo Corp.’s (NASDAQ: MASI) sale of Sound United (formerly Masimo Consumer) to Harman International, a subsidiary of Samsung Electronics, has been formally completed. Both parties of the transaction put out their own separate announcements, with Masimo’s version quite short and perfunctory, while Harman’s gave little more than an inkling of what is to become of Sound United.

Learn all about the completion of the sale of Sound United…

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Mystery Solved! Former Masimo Director Now at Medtronic, a Major Competitor

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Medtronic, a major Masimo competitor
Medtronic Headquarters, Galway Ireland – [Photo: By Bobak Ha’Eri – Own work, CC BY 3.0]

I wrote last week about the sudden announcement from Masimo Corporation (Nasdaq: MASI) that director Bill Jellison had resigned his position on the board, a position he had held for less than a year. What was remarkable about the Masimo announcement was not so much because of what it said – rather, even more mysterious was what it didn’t say – with no clue offered as to why or under what circumstances this resignation occurred.

Now we know more…and it is big! Former director William “Bill” Jellison is one of two new directors at Medtronic plc (NYSE: MDT), one of Masimo’s biggest competitors in the pulse oximetry segment.

See more on Jellison moving from Masimo to Medtronic

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Masimo Loses Another Board Member in an Unexpected Resignation; Motive is a Mystery

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Masimo headquarters building

On Monday, in an 8-K filing with the Securities and Exchange Commission, Masimo Corporation (Nasdaq: MASI) informed regulators that William Jellison, a member of the Masimo Board of Directors, has resigned his position as of that same day. No reason was offered as to why Jellison chose to leave his relatively new role with the company, presenting us all with a bit of a mystery.

See more on Jellison’s resignation from the Masimo Board

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Masimo Reports Fiscal 2025 Q2 Results: Revenues +8%, Op Profits +54%, EPS +78%; So Why Did Its Stock Drop 12%?

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From the Masimo website

Sound United Sale to Harman is Still on Track for Year-End

After markets closed on Tuesday, Masimo Corporation [Nasdaq: MASI] released its results for the second quarter of Fiscal Year 2025, and to my eyes, they looked really solid. Revenues grew by a respectable 8%, operating profits grew by 54%(!), operating margins improved by 520 basis points (that’s 5.2% more than last year), and earnings per share shot up an eye-popping 78%(!) What’s not to like?

Yet on Wednesday, the first trading day after these results were announced, the value of MASI shares actually dropped 12%! What?!?!

See more on the Q2 Masimo results and the market reaction…

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Multiple Executive Changes Announced by Masimo; COO Muhsin to Resign July 1

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Masimo headquarters

In a new Form-8K filing with the Securities and Exchange Commission (SEC) on Thursday, Masimo Corporation (Nasdaq: MASI) revealed several new executive changes, with both new additions and at least one prominent departure. The new additions, include a new Chief Marketing & Strategy Officer, Chief Human Resources Officer, and a new head of the company’s Japan & Asia Pacific business.

Notably, departing the company is Bilal Muhsin, the company’s Chief Operating Officer and once trusted confidante of former CEO Joe Kiani, who has informed the company that he is resigning his position “to pursue other opportunities,” effective July 1, 2025.

See more on executive changes at Masimo Corp…

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Masimo Updates SEC on Its Progress Recovering From Recent Cyberattack

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Masimo website home page
Part of the new Masimo website [Click to enlarge]

In a new filing with the Securities and Exchange Commission (SEC), Masimo Corporation (Nasdaq: MASI) updated regulators on its progress in recovering from a recent cyberattack that took its major systems offline for several days and disrupted manufacturing. The company also notified the SEC that as part of its participation in certain investment conferences coming up over the next few weeks, it intends to reiterate its updated outlook for expected financial performance over the remainder of fiscal 2025, as originally announced on May 6, 2025.

See more on the latest SEC filing by Masimo…

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Masimo Tells SEC It Was the Victim of a Cyberattack

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I recently reported that I had discovered that the primary website for Masimo Corporation (Nasdaq: MASI) – Masimo.com – was down…and down for a few days. This is very unusual for a public company and the message displayed on the inactive site sounded suspiciously untrue – saying the site was undergoing “maintenance.” Now we’ve learned from a filing with the Securities and Exchange Commission (SEC) that the company had suffered an intrusion and “unauthorized activity” on its systems.

See more on this cyber incident on Masimo.com

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Masimo.com Has Been Down for ‘A Few Days’

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Message on Masimo website recently

For the last two days or so, I have been diligently attempting to find out what is going on at Masimo as the company’s main website – Masimo.com – has been down for at least the last 2½ days (as of the time of this writing on mid-day Thursday)! The only thing visitors find when they navigate to the site is the “be back shortly” message shown above, along with a Masimo logo above it.

See more on Masimo.com going dark…

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