cnn.com breaking news:
/* A long running dispute that threatened to shut down the BlackBerry wireless e-mail service has been settled.
*/No other details yet. Yeah,, they;ve done it before, but maybe this time it'll stick.
cnn.com breaking news:
/* A long running dispute that threatened to shut down the BlackBerry wireless e-mail service has been settled.
*/No other details yet. Yeah,, they;ve done it before, but maybe this time it'll stick.
"BlackBerry maker, NTP ink $612 million settlement"
Research in Motion averts shutdown of wireless e-mail service, announces fourth-quarter warning.
March 3, 2006: 5:48 PM EST
NEW YORK (CNNMoney.com) - 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.
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 said.
RIM also issued a warning Friday, lowering it's 4th quarter revenue projections.
[SNIP]Research in Motion averts shutdown of wireless e-mail service, announces fourth-quarter warning.
March 3, 2006: 5:48 PM EST
NEW YORK (CNNMoney.com) - 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.
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 said.
RIM also issued a warning Friday, lowering it's 4th quarter revenue projections.
[MORE]Dead wrong again:
"BlackBerry maker, NTP ink $612 million settlement"
Research in Motion averts shutdown of wireless e-mail service, announces fourth-quarter warning.
March 3, 2006: 5:48 PM EST
NEW YORK (CNNMoney.com) - 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.
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 said.
RIM also issued a warning Friday, lowering it's 4th quarter revenue projections.
[MORE]
Wow, a lot more than I expected, but no royalties, which was the biggest demand of RIM.
"The settlement is on the low end of expectations, Thompson said, especially since RIM will not have to pay any future royalties."
Translation: You were dead wrong.
Wrong again. The settlement is simply fully paid up royalties.
But not your expectations. And the key word there is "future" -- read more carefully and/or take the time to learn about royalties.
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