Catch up on stories from the past week (and beyond) at the Slashdot story archive


Forgot your password?
Slashdot Deals: Cyber Monday Sale! Courses ranging from coding to project management - all eLearning deals 25% off with coupon code "CYBERMONDAY25". ×
Businesses Cellphones Patents Wireless Networking Technology

RIM Pays Off Nokia; Patent Dispute Settled 23

Today Nokia announced an agreement with Research In Motion to resolve all patent legislation between the two. The companies have been fighting over patents for almost a decade, most recently over devices with wireless LAN capabilities. The terms of today's agreement were not disclosed but it involved a one-time payment from RIM as well as ongoing payments. This agreement comes shortly after RIM's announcement that it pulled in $9 million in profit last quarter, down 97% from the $265 million they earned in the same quarter the year before. The company has pinned its hopes on BlackBerry 10, scheduled to launch next month: "So this is RIM at the end of 2012: losing subscribers and revenue, facing significant opponents, but with more cash on hand and at least one long-running lawsuit settled. If nothing else, it means the way is clear for RIM to launch its Hail Mary pass: BlackBerry 10."
This discussion has been archived. No new comments can be posted.

RIM Pays Off Nokia; Patent Dispute Settled

Comments Filter:

Remember: use logout to logout.