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Old 03-03-2006, 05:17 PM   #1 (permalink)
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Default RIM-NTP Settlement reached!!! [BlackBerry networks STAYS UP!]

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Yes, it's official. RIM and NTP have settled for $612 million and the war is over. Rejoice BB users!
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Old 03-03-2006, 05:21 PM   #2 (permalink)
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Very Good News.
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Old 03-03-2006, 05:22 PM   #3 (permalink)
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The War Is Over!!!!!!!!!!!!
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Old 03-03-2006, 05:22 PM   #4 (permalink)
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WATERLOO, ONTARIO--(CCNMatthews - March 3, 2006) - Research In Motion Limited (RIM) (TSX:RIM)(NASDAQ:RIMM) and NTP, Inc. (NTP) today announced that they have signed a definitive licensing and settlement agreement. All terms of the agreement have been finalized and the litigation against RIM has been dismissed by a court order this afternoon. The agreement eliminates the need for any further court proceedings or decisions relating to damages or injunctive relief.

RIM has paid NTP $612.5 million in full and final settlement of all claims against RIM, as well as for a perpetual, fully-paid up license going forward. This amount includes money already escrowed by RIM to date.

The licensing and settlement agreement relates to all patents owned and controlled by NTP and covers all of RIM's products, services and technologies. NTP grants RIM an unfettered right to continue its business, including its BlackBerry® related business. The resolution permits RIM and its partners to sell RIM products and services completely free and clear of any claim by NTP, including any claims that NTP may have against wireless carriers, channel partners, suppliers or customers in relation to RIM products or services, (including BlackBerry Connect and Built-In technology), or in relation to third party products and services, to the extent they are used in connection with RIM products and services.

With respect to the accounting treatment of today's announced settlement of $612.5 million, RIM had previously accrued $450 million and the additional amount of $162.5 million will be recorded in Q4. RIM will report the full accounting details in its Q4 earnings report on April 6th.

As of November 26, 2005, RIM's total of cash, cash equivalents, short-term, long-term investments and escrow funds was approximately $1.8 billion.

As of November 26, 2005, RIM's outstanding common shares totalled approximately 185.1 million.

All amounts reported in US dollars.
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Old 03-03-2006, 05:28 PM   #5 (permalink)
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http://money.cnn.com/2006/03/03/tech...ex.htm?cnn=yes
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Old 03-03-2006, 05:30 PM   #6 (permalink)
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Quote:
Originally Posted by Kablooey
The War Is Over!!!!!!!!!!!!
For now. Visto will soon file a lawsuit...
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Old 03-03-2006, 05:35 PM   #7 (permalink)
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WOOHOO!! This is excellent news to start the weekend!!
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Old 03-03-2006, 05:37 PM   #8 (permalink)
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Let's all go get drunk and celebrate!!!!
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Old 03-03-2006, 05:40 PM   #9 (permalink)
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You're not going to try to 'push' a drink on me, are you? I think I already have a patent for that and might hav e to sue....
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Old 03-03-2006, 05:44 PM   #10 (permalink)
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I have a patent on the word "push" and juwaack68 just violated it... I'm suing....
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Old 03-03-2006, 05:46 PM   #11 (permalink)
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Sorry, bulldoggy, but I have a workaround for that - it's called 'pull'. Here's $10 to make this go away.
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Old 03-03-2006, 05:49 PM   #12 (permalink)
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Lead story on CNN.com right now.....nice!
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Old 03-03-2006, 05:55 PM   #13 (permalink)
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I'm very happy to be able to keep my job for a bit longer. DRINKS FOR EVERYONE!!!
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Old 03-03-2006, 05:58 PM   #14 (permalink)
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It's about damn time lol
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Old 03-03-2006, 06:12 PM   #15 (permalink)
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Nice.
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Old 03-03-2006, 06:14 PM   #16 (permalink)
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And I thought extortion was illegal? I only hope NTPs external legal fees amount to $613M.
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Old 03-03-2006, 06:17 PM   #17 (permalink)
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I hope their BlackBerrys all fail tonight...
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Old 03-03-2006, 06:18 PM   #18 (permalink)
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I surprised that the amount wasn't higher. Then again, $612.5 million is nothing to sneeze at.
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Old 03-03-2006, 06:25 PM   #19 (permalink)
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Woo hoo!!!!!!!!
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Old 03-03-2006, 06:27 PM   #20 (permalink)
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Wirelessly posted (BlackBerry7100/4.0.2 Profile/MIDP-2.0 Configuration/CLDC-1.1)

So does this mean tmobile will releade 4.1 through their site sometime soon? That's what everyone says but how soon? A week, month, day? Any ideas?
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