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tsac 12-21-2012 06:45 PM

RIM settles with Nokia
Nokia to Get Payments from RIM. companies end dispute- Bloomberg (e) Nokia Oyj , the Finnish mobile-phone maker struggling to reverse a slide in sales, agreed to a patent-licensing deal with BlackBerry maker Research In Motion Ltd., ending all legal disputes between the companies. RIM will make a one-time and "on-going" payments to Nokia, financial terms weren't disclosed. The company may receive no more than 100 million euros ($132 million) annually for probably a five-year period, while the one-time payment could be several hundred million euros, according to estimates by Sami Sarkamies, a Nordea AB analyst

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