Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Research in Motion settles patent litigations with Visto
Posted on 17-Jul-2009 11:27. | Tags Filed under: News.



Research In Motion Limited and Visto Corporation have entered into a definitive agreement to settle all outstanding worldwide patent litigation between the companies.

The key terms of the settlement involve RIM receiving a perpetual and fully-paid license on all Visto patents, a transfer of certain Visto intellectual property, a one-time payment by RIM of US$ 267.5 million and the parties executing full and final releases in respect of all outstanding worldwide litigation.

The settlement is expected to be completed during the week of July 20, 2009 and is subject to certain closing conditions.

Based on preliminary analysis, RIM expects the majority of the payment to be expensed as an unusual item in the second quarter of fiscal 2010, with the remainder being classified as an intangible asset. Based on this analysis, RIM expects to report Q2 results that reflect U.S. GAAP earnings and earnings per share, as well as adjusted earnings and earnings per share, which would exclude the amount expensed as an unusual item.

Further terms and conditions of the agreement are confidential.




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Slingshot traffic shaping on NZB - any point going to UFB?
Created by Digikiwi, last reply by toejam316 on 26-Aug-2016 19:29 (18 replies)
Pages... 2


import modem from china
Created by techrebel, last reply by Behodar on 26-Aug-2016 15:18 (37 replies)
Pages... 2 3


Geekzone Father's Day giveaway: PowerAll Deluxe
Created by freitasm, last reply by Tel69 on 25-Aug-2016 20:39 (87 replies)
Pages... 4 5 6


Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by lquify on 26-Aug-2016 17:50 (401 replies)
Pages... 25 26 27


Greens' Proposed restrictions in Kiwi Saver?
Created by MikeAqua, last reply by Geektastic on 26-Aug-2016 09:56 (114 replies)
Pages... 6 7 8


Sour experience with Spark.
Created by jeeg, last reply by Rikkitic on 27-Aug-2016 10:54 (23 replies)
Pages... 2


GTX1060 in mobile only 10% slower than desktop, true?
Created by TeaLeaf, last reply by TeaLeaf on 26-Aug-2016 14:28 (11 replies)

SMTP Relay
Created by BTR, last reply by yitz on 25-Aug-2016 16:08 (11 replies)