02-24-2006, 02:26 PM
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RICHMOND, Va. -- A judge ended a hearing over a request for an injunction against the maker of the handheld BlackBerry device without issuing a decision Friday.
Shares of BlackBerry-maker Research In Motion Ltd. rose $5.54, or 8 percent, to $75.07 on the Nasdaq Stock Market after the hearing was adjourned.
During the hearing, NTP Inc., a small patent holding firm that successfully sued Research In Motion, asked U.S. District Judge James R. Spencer to impose an injunction on the service but permit a 30-day grace period so all sides could work out the details of how to exempt government and emergency workers, among other issues.
The Arlington, Va.-based company also recommended that the judge immediately halt sales of new BlackBerry devices and award it $126 million in damages _ for starters. RIM has deposited $250 million or more in escrow, and NTP says that pot of money should be reserved just in case newer BlackBerry devices infringe on its patents.