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News
Issue #2003 - 22 (August 2003)
(Updated August 13, 2003)

INFRASTRUCTURE, PRODUCTS & SERVICES

NTP's Victory Over RIM Causes Jitters to its Stock 

In a recent lower court ruling, the judge has asked RIM to pay NTP a sum of $53.7 million US as damages for infringing on five patents. It also issued an injunction against RIM to stop selling Blackberry units in North America. However, the judge gave partial relief to RIM by allowing it to appeal the decision to the higher courts. 

RIM will probably be willing to settle for royalty fee if t is fair. It has been setting aside funds to pay for the royalty fee. 

For more information: This legal battle is causing RIM unnecessary public relations harm. Once a pristine company with a unique product (which it, still. is), RIM gets more press about its legal problems than about its products and services. Prospects for RIM winning are considered dim. 

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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