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BlackBerry Maker, NTP Ink $612 Million Settlement


 
 
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Old 03-04-2006, 05:45 PM
Kris Kumar
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Default BlackBerry Maker, NTP Ink $612 Million Settlement
http://money.cnn.com/2006/03/03/technology/rimm_ntp/index.htm?cnn=yes

"BlackBerry maker Research in Motion said Friday it agreed to pay $612.5 million to patent holding company NTP to settle a long-running dispute that had threatened to shut down the popular wireless e-mail service for its 3 million users. Canadian-based Research in Motion (Research) announced the settlement late Friday ahead of a U.S. judge's expected ruling on damages in the case. Under the settlement, NTP granted RIM the right to keep running its BlackBerry business, the company said in a statement. "The agreement has been finalized and NTP's lawsuit against RIM has been dismissed by a court order," the Canadian company said. "The settlement means no further court proceedings or decisions about damages are necessary." RIM also issued a warning Friday, lowering its 4th-quarter revenue projections. ... Richards said Microsoft and Motorola could have capitalized on RIM's situation by introducing major wireless products, but that they had not done so."

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Now that this case is settled, I wonder if we will see the BlackBerry Connect software for our Smartphones sooner than the MSFP? ;-)
 
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