Research In Motion To Pay $147.2 Mln In Wireless Patent Litigation

Pre-market Movers For April 29 (CPTS, SINA, BBRY, SOHU, WRLS)

Pre-market Movers For March 28 (BIIB, BBRY, ACN, GME, FIVE)

BlackBerry Reports Profit Despite Poor Sales

BlackBerry Turns To Profit In Q4 - Quick Facts

Trade RIMM now with

7/14/2012 3:45 AM ET

Research in Motion Ltd. (RIM,RIM.TO: Quote), the manufactures of Blackberry mobile devices, said the US court for the Northern District of California returned a verdict against it and directed to pay $147.2 million in a litigation against Mformation Technologies Inc. RIM in a statement said it is disappointed by the verdict and will evaluate all legal options.

Mformation filed the patent litigation in 2008, claiming patent over a remote management system for wireless device. Mformation is engaged in remote fixing and upgrading of gadgets for its various clients including AT&T and Sprint. RIM argued that it had the technology in question, before Mformation filed for patent.

Click here to receive FREE breaking news email alerts for BlackBerry and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

<<Previous 67 Articles

Editors Pick

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Negative Reaction To Fed Leads To Sell-Off On Wall Street - U.S. Commentary

After moving mostly higher over the course of the two previous sessions, stocks pulled back sharply during trading on Wednesday. A negative reaction to the Federal Reserve's monetary policy announcement weighed on the markets in afternoon trading. The major averages saw some volatility following the announcement from the Fed, closing firmly in the red.

CBO Finds Senate Immigration Bill Would Reduce Budget Deficit

Providing a potential boost to comprehensive immigration reform, the non-partisan Congressional Budget Office has estimated that the immigration bill currently being debated in the Senate would result in a notable reduction to the federal budget deficit.