Nokia, RIM Kiss & Make Up
December 21, 2012 6:50 PM
comment(s) - last by
RIM and Nokia have entered a new patent license agreement that will settle all existing patent lawsuits between the two
Nokia and Research In Motion (RIM) have finally resolved their
patent license issues
by way of RIM's wallet.
RIM and Nokia have entered a new patent license agreement that will settle all existing patent lawsuits between the two in the U.S., Canada and the U.K. The agreement requires RIM to pay Nokia a one-time payment as well as ongoing payments. The amount of the one-time and ongoing payments is unclear.
"We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation," said Paul Melin, chief intellectual property officer at Nokia. "This agreement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
Back in 2003, RIM and Nokia entered a licensing agreement that allowed both companies to use some of each other's standard-essential patents. However, in 2011, RIM requested that Nokia's WLAN patents be part of the original deal in Sweden.
During arbitration, Nokia said that RIM's use of the WLAN technology in products would violate its patents unless RIM agreed to pay royalties. RIM then admitted that it used WLAN in its products, saying that it thought the patents were part of the original deal.
Last month, an arbitrator in Sweden
ruled in favor of Nokia
Analysts expected RIM to come to a licensing agreement with Nokia soon, since the BlackBerry maker would be unable to ship its new BlackBerry devices with the
new BB10 software
in January 2013.
RIM recently announced
better-than-expected Q3 financial results
and 7 percent boost in shares, although it took its first hit to its subscriber base as Apple and Google-powered smartphones steal its market share.
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Rearranging the deck chairs
12/21/2012 9:54:55 PM
Sort of reminds me of the old couple holding each other in bed towards the end of Titanic
RE: Rearranging the deck chairs
12/22/2012 8:35:13 AM
The lady was his mistress.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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