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:

Global mode over ? Lets see.....
Created by xpd, last reply by Dratsab on 18-Apr-2015 16:02 (496 replies)
Pages... 32 33 34


Geekzone giveaway: Logitech UE Megaboom wireless speaker
Created by freitasm, last reply by sep11guy on 19-Apr-2015 14:17 (41 replies)
Pages... 2 3


Vodafone support... I give up... I have had enough - Who is better? Who should I change too?
Created by humvee, last reply by humvee on 17-Apr-2015 13:31 (53 replies)
Pages... 2 3 4


Is this a good fuel consumption
Created by Patcash, last reply by mdav056 on 18-Apr-2015 15:30 (66 replies)
Pages... 3 4 5


The EASIEST way for videos from PC to Smart TV?!
Created by stuffed, last reply by joker97 on 18-Apr-2015 21:12 (15 replies)

ADSL Trial in Rural Area
Created by woody99, last reply by kiwikiwi on 15-Apr-2015 20:04 (15 replies)

500Meg for $4 . You can't beet that
Created by old3eyes, last reply by AKLWestie on 17-Apr-2015 21:38 (14 replies)

Are you an update junkie or an honest John.
Created by Presso, last reply by Presso on 19-Apr-2015 15:01 (27 replies)
Pages... 2