Saturday, March 04, 2006

Itz finally over

The BlackBerry wireless e-mail service avoided a shutdown in the United States when device maker Research In Motion Ltd on Friday agreed to pay NTP Inc. $612.5 million to settle a patent dispute, sending RIM shares up 19 percent in after-hours trade.

The agreement between RIM and NTP ends a more than four-year U.S. court battle over NTP claims that RIM had infringed on its patents with the BlackBerry, which has become the communications device of choice among many executives, politicians and Hollywood celebrities

Read the complete article here


Post a Comment

<< Home