RIM has finally settled with NTP ahead of an expected ruling from a federal court. The settlement was much lower than many analysts expected and RIM stock jumped by almost 20% to $85.20 on the Nasdaq. Did RIM make the correct decision to settle? Many people believe they did as the uncertainty surrounding the litigation was causing serious reductions in new subscribers to the blackberry service. Only time will tell how Blackberry will be affected in the future.
Research In Motion Ltd., the maker of the BlackBerry e-mail device, Friday announced it has settled its long-running patent dispute with a small Virginia-based firm, averting a possible court-ordered shutdown of the BlackBerry system.
RIM has paid NTP $612.5 million in a “full and final settlement of all claims,” the companies said.
Source: CNN
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