Masimo Takes Apple's Hail Mary Pass in Stride

Masimo CEO Joe Kiani seems to be taking the latest twists and turns in the company's patent battle with Apple in stride.

"We were happy that we got our injunction as a patent owner and a company that makes products that are competing in that space. That's ultimately what we wanted," Kiani said Tuesday during Masimo's fourth-quarter earnings call, in response to an analyst asking for an update on the status of the litigation with the tech giant.