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RIM pays initial sum of $65 million to Nokia in patent settlement

Nokia
By Adam Zeis on 28 Dec 2012 09:48 am EST
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RIM and Nokia settled their differences last week in their ongoing patent case. While originally it was unsure of the actual payment amount, in RIM's 6-K filing to the U.S. Securities and Exchange Commission, it was disclosed that Nokia will be receiving an initial payment of $65 million in addition to "ongoing payments" from RIM for use of the patents. The agreement puts an end to the issues between RIM and Nokia and will allow RIM to continue to use the patents in question while continuing to make royalty payments in the future. The $65M payment was included in RIM's Q3 earnings report last week.

Source: All Things D 

18 comments

OniBerry

Didn't see the story get any thread time though.

owadkelly

I notice RIM is quickly smoothing out all legal issues ahead of BB10 launch. Its a great initiative.

imcurved

and the payout was already included in the Q3 earning report. Good!

TMO_9000_32GB_PB

FoxxBerry

I wonder if the sale of Newbay was influenced by this.....

phylez

I was wondering the same thing.

FoxxBerry

I wonder if the sale of Newbay was influenced by this.....

416to604

cha-ching!

Bold 9900 - Playbook 32GB

nabil114

I do not get why the RIM could not make their own patents around it.

http://news.cnet.com/8301-1035_3-57561095-94/
rims-patent-payment-to-nokia-starts-at-$65m/

- Rezaur Rahman

Rootbrian

They can't make their own patents and there isn't any way around it. They aren't called "The RIM".

nabil114

These are the patents they are using.

Nokia patents that had been cited in lawsuits against RIM touched on a number of technologies including the following, according to the SEC filing: power consumption in a mobile station; a network activation service scheme using point-to-point short messaging service; and a security improvement scheme for packet-mode transmission in a mobile communication system.

- Rezaur Rahman

Rootbrian

Nokia is just... greedy.

jbrandonf

For protecting their IP? LOL even RIM admits they're wrong by paying up. I admire you dedication and loyalty to RIM though.

Balti43

Nah Nokia is like Apple, because they can't innovate they sue the competition. And Nokia's 920 is hardly gaining traction so they have to get money from somewhere why not do as the big man and sue sue sue?

ck23.bb

+1

Simply greedy. another way of trying to stop some foe from rising. its not like all their technologies were originally from them. we develop new ideas out of the old ones. then maybe its not that bad to have something in common

martinjdub

the settlement only cost RIM $10 million....NewBay sale covered the other $55 million ;)

megajo123

True but didn't they originally buy Newbay for 100million? Meaning they've already lost 45million on that.