What needs to be understood is that this is a loss for those who are expecting a $1 billion verdict, but this is a huge win for zest and ecoark.
Let me explain why the damages were so low compared to what everybody was expecting, and why this is a good thing for zest. The pretrial transcripts that are available at the courthouse showed some of the back and forth between zest and Walmart regarding damages for a 20 year reasonable royalty. Zest wanted a reasonable royalty based on one sensor for every pallet in every truck. Walmart on the other hand argued that they only wanted three sensors per truck. Understand the difference in what both parties are arguing. Zest wants a royalty for every sensor placed on a pallet regardless of the number of pallets put on a truck. Walmart wanted to just pay for three sensors per truck.
Judge Moody ruled the issue in favor of Walmart, and so if the issue was ever put to the jury, the damages for a 20-year reasonable royalty that Walmart would pay zest would be based on three sensors per truck.
To make matters worse, Even if zest were to win damages based on that 20-year royalty, not only would they not be getting the money that they think it's worth, they would also be giving Walmart a 20-year license to use their technology because you cannot pay for a 20-year royalty and also be enjoined from using that technology.
Zest recognized that their tech was worth waaaay more than a 20-year realty based on three sensors per truck, and so they didn't give that issue to the jury. So now, Zest has won actual damages for misappropriation of trade secrets, they have won punitive damages, and they have won damages for breach of non-disclosure agreement. If Walmart wants to use zest technology, they are now going to have to pay for it from ZEST, and they are going to have to pay for it according to the terms that zest puts forth and not what the judge handed down during pretrial proceedings (a royalty based on three sensors per truck).
As far as I can see it seems Walmart is between a rock and a hard place. Looks like they resolve their position by either buying out ZEST (at an agreed upon valuation which would include royalties owed), paying for sensor usage at agreed upon terms, or go back to court for this issue. The 2 billion dollars was originally based on all counts including sensor usage, additionally the many other companies using ZEST technology that was not aware.
By no means am I a legal expert or anything like that,
... keep reading on reddit β‘
Can anyone tell me what it's like working at a Walmart optical lab? I just got a job offer from there and another place and I'm trying to get an idea of which one to accept. I would be a finishing associate.
How's the culture and work experience in Walmart Labs Bangalore ?
I can no longer find Walmart labs on LinkedIn or anywhere else. Did they rebrand to Walmart Global Tech or are they still 2 separate things?
I have a first round interview with Walmart labs. My recruiter said I will be given 24 hours to complete a coding problem before the interview. I will then talk about my solution during it.
Has anyone done this before and could tell me what to expect?
Thanks
Kind of struggling to understand the difference between each of us. I believe I have it in order of least pay/reputable to most. Iβm trying to understand future career implications.
Edit: Wait... I just looked it up. It seems like Global Tech is Labs? I was applying to Walmart labs this whole time?
US based
Hi everyone,
Iβm an undergrad and have an offer from Walmart Labs and Qualcomm. For Walmart Labs I have no idea whatβd Iβd be doing aside for the only fact that they know that my team preference is Data Science. For Qualcomm, the project Iβd be working on involves reinforcement learning, which Iβm interested in and the people I would be working under seem very smart.
My aspirations are definitely to be involved in the data science/machine learning field and Iβm pretty sure I want to go to graduate school. Does anyone have any advice on which internship I should take? Which do you think looks better on a resume? For people who have interned at either place any description on what it was like would be very appreciated! Thanks all!!!!!
There's only 6 of us in here at the moment. I hope to see you nerds in there.
Walmart Labs: $40/hr cover relocation, HFT (High Frequency Trading): $60/hr cover relocation. Both are for SWE.
Walmart is a "bigger" name for recruiters because the other HFT firm is not one of Citadel/JS/DRW/etc. I am aiming for both FAANG and (more well-known/pay) prop shops next year, so I am not sure if going with the lesser-known HFT would hurt my chances with non-HFT companies next year.
Thanks in advance for the help, and PM me if you want more information or have questions since this is obviously a throwaway :)
Which SWE internship for summer 2021? Sophomore looking to get into big N-type or unicorn companies next year for Product roles. Which will be the better name? If you could please explain why, that would be really helpful; to reiterate, I'm really looking for the better name for next year's recruiting season
Hey everyone,
I wanted to ask if people had opinions on SWE Internships at Capital One, Walmart Labs, and/or Chicago Trading Company and which one I should choose; currently, I'm not inclined to any one company and I really want to find the best one for me and in general. Here are more details about the offers:
EDIT: If I don't get the Chicago Trading Company offer, Walmart Labs or C1?
Capital One:
Pay: 105k yearly rate (~$51/hour) + $3000 lump sum for housing even if virtual
Location: McLean, VA (right next to Washington DC) * this is their HQ btw *
Work: Not sure, hoping to place into an ML team; I think you work with full-timers but on your own project
Walmart Labs:
Pay: Still waiting for an official offer letter (GlassDoor suggests like $45-50/hour but I would appreciate if anyone had any info on this because there is little data)
Location: Sunnyvale, CA (Walmart Labs) + housing (idk if they pay it if we're virtual)
Work: Not sure, but probably related to eCommerce for Walmart or sam's club; I think you work with full-timers but on your own project
Chicago Trading Company (don't actually have the offer yet, but had a final round interview so that should hopefully work out):
** A small (~600 employees) prop shop specializing in options market making (really liked the people I talked to there) **
Pay: Glassdoor suggests 7500/month, which is like 45-50/hour + housing (idk if they pay it if we're virtual)
Location: Chicago, IL
Work: Likely an independent project (with significant mentorship) that is creating tools for traders
I also am in the interview pipelines with JPMorgan Chase, Bloomberg, and have some other random offers from places I will likely not consider anymore. However, I do have an extremely busy semester, so I was wondering where it's even worth continuing to interview at JPMC, Bloomberg, etc considering the offers I am fortunate enough to have.
The most important things for me are learning opportunities and working on cool things like ML, data engineering/infrastructure, backend. I do want to consider the name reputations too because I intend on pursuing management consulting roles next fall (McKinsey, Bain, BCG) and they care about that stuff, so also would appreciate opinions on this. I appreciate any insight (currently in sophomore year if that helps) thanks!
I got great offers from both Walmart Labs and J.P. Morgan for my Junior year SWE internship with similar pay and Iβm debating between which one to pick. Any suggestions?
I'm currently living in central Arkansas and contemplating moving to Fayetteville in a few years. I've been putting my feelers out looking for a potential job opportunity and I recently discovered there is an Optical Lab owned by Walmart. I actually have experience in optical lens manufacturing so this one has me interested.
Does anyone know if this would be a good opportunity for me? Can I expect a living wage from them? After some searching I've found they recently had a lot of layoffs so is this potentially risky? Any info at all would be greatly appreciated as I can't really find much about it just from googling.
Anyone know the salary for Walmart Labs new grad software engineer? I tried glassdoor but couldn't find much. Also have an offer for C1 in Northern Virginia for 99k so I'm wondering if one would look better on a resume than the other. What would yall choose C1 or Walmart Labs?
Hey everyone,
I wanted to ask if people had opinions on SWE Internships at Capital One, Walmart Labs, and/or Chicago Trading Company and which one I should choose. Here are more details about the offers:
Capital One:
Pay: 105k yearly rate (~$51/hour) + $3000 lump sum for housing even if virtual
Location: McLean, VA (right next to Washington DC) * this is their HQ btw *
Work: Not sure, hoping to place into an ML team; I think you work with full-timers but on your own project
Walmart Labs:
Pay: Still waiting for an official offer letter (GlassDoor suggests like $45-50/hour but I would appreciate if anyone had any info on this because there is little data)
Location: Sunnyvale, CA (Walmart Labs) + housing (idk if they pay it if we're virtual)
Work: Not sure, but probably related to eCommerce for Walmart or sam's club; I think you work with full-timers but on your own project
Chicago Trading Company (don't actually have the offer yet, but had a final round interview so that should hopefully work out):
** A small (~600 employees) prop shop specializing in options market making (really liked the people I talked to there) **
Pay: Glassdoor suggests 7500/month, which is like 45-50/hour + housing (idk if they pay it if we're virtual)
Location: Chicago, IL
Work: Likely an independent project (with significant mentorship) that is creating tools for traders
I also am in the interview pipelines with JPMorgan Chase, Bloomberg, and have some other random offers from places I will likely not consider anymore. However, I do have an extremely busy semester, so I was wondering where it's even worth continuing to interview considering the offers I am fortunate enough to have.
The most important things for me are learning opportunities and working on cool things like ML, data engineering/infrastructure, backend. I do want to consider the name reputations too because I intend on pursuing management consulting roles next fall (McKinsey, Bain, BCG) and they care about that stuff, so also would appreciate opinions on this. I appreciate any insight (currently in sophomore year if that helps) thanks!
