Geekzone: technology news, blogs, forums
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:

RNZAF Boeing 757 breaks down when carrying PM. RNZAF must have an atrocious dispatch reliability figure.
Created by amiga500, last reply by Fred99 on 26-Oct-2016 22:57 (73 replies)
Pages... 3 4 5

WiFi and 3G/4G controlled Wall Switches
Created by maxeon, last reply by wbx0838 on 26-Oct-2016 17:46 (21 replies)
Pages... 2

Working for Spark - Customer support / Contact Centre
Created by goodfox, last reply by goodfox on 26-Oct-2016 23:28 (18 replies)
Pages... 2

Gigabit cable now available
Created by sub, last reply by MikeB4 on 27-Oct-2016 08:06 (125 replies)
Pages... 7 8 9

Is it me, or have Trade Me prices increased?!
Created by Geektastic, last reply by richms on 27-Oct-2016 01:17 (27 replies)
Pages... 2

Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by JeremyNzl on 26-Oct-2016 19:35 (1201 replies)
Pages... 79 80 81

Mould Issues
Created by networkn, last reply by SepticSceptic on 26-Oct-2016 15:57 (13 replies)

Shifting ISP and domain name
Created by noob, last reply by noob on 25-Oct-2016 18:45 (13 replies)