Saturday, July 14, 2012

RIM owes Mformation $147.2 million after court verdict on wireless patent lawsuit

RIM owes Mformation $147.2 million after court verdict on wireless patent lawsuit

RIM has definitely not had that the best year: Its stock has fallen nearly 70% this year and they postponed the launch of BlackBerry 10 until 2013. We even heard the other day that RIM was selling off one of its corporate jets to save money. Today, the verdict at a court in San Francisco has dug RIM into deeper financial difficulty. Amar Thakur, attorney for Mformation, said that the Jury decided RIM should pay a royalty of $8 for every Blackberry device connected to enterprise server software.  This brings the total to $147.2  million.

Ubergizmo , RIM owes Mformation $147.2 million after court verdict on wireless patent lawsuit, RIM owes Mformation $147.2 million after court verdict on wireless patent lawsuit

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