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Friday, March 03, 2006

Not Having To Replace Your Blackberry Will Cost RIM Big In The Wallet

Research In Motion Ltd (RIMM) reached a $612.5 million dollar settlement today with NTP, the small technology company who actually hold the patents to the email technology used by the BlackBerry Wireless Devices, and were threatening to pull the plug on the Canadian company and millions of wireless addicted handheld owners.

For weeks, I have talked to a financial advisor I work with on the radio about this, asking if this issue on the patent will all go away if RIM just handed over a bag full of money. His answer was, 'It depends.' RIMM is not a stock that he follows, but he follows trends, and the fact that this little gizmo has become so ingrained into the lives of business people and tech junkies meant something had to be done regardless, because somebody will find a way to make money off of them.

One of those companies hoping to take advantage of a world without BlackBerrys was Palm Inc. (PALM), who are now seeing stock prices fall after hopes of having one less competitor were dashed after the settlement.

- Settlement Ends BlackBerry Patent Suit (CBS News)
- Deal Averts BlackBerry Service Shutdown (ABC News)
- Palm Shares Fall After BlackBerry Settlement (Reuters)

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