RIM Pay $ 65 Million Paten Settlement to Nokia 0

RIM Paying Nokia $65 Million for Patent Settlement
Looks like this is the way Nokia to inhibit growth of BlackBerry, Research In Motin especially (RIM) in front ready to spend BlackBerry 10 is a milestone Blackberry smartphone market. Nokia has threatened efforts to ban the sale of BlackBerry if RIM and Nokia could not agree on a patent license for WLAN. RIM quickly acknowledged the problem and the two companies made ​​a pact.

It is found in submission 6-K with the SEC that RIM will pay Nokia a one-time payment of $ 65 million for the settlement. "On December 21, 2012, Nokia and RIM announced that they have signed a new patent licensing agreement," RIM said in a filing 6-K with the SEC.

Unlike Apple and Samsung, the Canadian mobile phone companies prefer to play by paying the patent according to the agreement agreed to by the two parties. As reported by n4bb Thursday (12/27/2012), RIM is obligated to pay Nokia for EUR50m.

Although classified as very large, RIM issued pocket for Nokia is the most expedient. If they take greater risks, BlackBerry 10 will likely be affected by legal problems and can inhibit the penetration in the market.

"This agreement will result in settlement of all patent litigation between the company and Nokia dismissal of all actions pending in the United States, Britain, Canada and Germany. Financial structure of the agreement include a EUR50m (approximately $ 65m) one-time payment, which has been recorded in the profit Company's consolidated statements of operations in the third quarter of fiscal 2013. "

 
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