BlackBerry maker settles patent dispute for $US268M

Rival Visto grants RIM perpetual license and some IP

After three years of combative and abstruse legal maneuvering, Research in Motion announced today it had thrown in the towel and will pay Visto Corp. $US267.5 million to settle a patent infringement dispute.

Of course, RIM didn't say it threw in the towel. It said it had "entered into a definitive agreement to settle all outstanding worldwide patent litigation between the companies."

In the deal, RIM gets a perpetual and fully-paid license on all Visto patents, plus a transfer of some Visto intellectual property, in exchange for the one-time payout of a quarter of a billion dollars. The rest of the terms and conditions are confidential, according to the statement issued today by RIM.

The deal is supposed to be final during the week of July 20.

Most of that money will be expensed as an "unusual item" in RIM's second fiscal quarter. The rest will be classified as an "intangible asset."

It can be argued that patent litigation and settlements are not all that "unusual" for the BlackBerry maker. The best known, a 5-year battle with NTP over disputed patents, ended in March 2006 with RIM agreeing to pay out $US612.5 million for licenses. Two months later, Visto filed its own infringement suit against RIM, and against several other mobile email vendors, including Seven, Good and even Microsoft. Visto eventually settled with Seven, and bought Good from Motorola.

Meanwhile NTP wasn't resting on that pile of RIM cash. It was using a good chunk of it to carry forward suits it filed in 2007 against AT&T, Sprint, T-Mobile, and Verizon.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags BlackberryRIM

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Cox

Network World
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?