RIM settles with Nokia, agrees to pay for licenses
"We are very pleased to have resolved our patent licensing issues with RIM. This agreement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market," Nokia said.
The two companies are not announcing the exact financial details of the patent deal.
That is finally some good news for an industry where the focus has moved from innovation to patents in the last couple of years. RIM’s decision to settle comes after an arbitration tribunal decided the BlackBerry maker was in violation. Nokia’s extra added pressure that followed ended up in this here licensing agreement.
1. wendygarett (unregistered)
This fruit has done a right thing... unlike the other fruit lol :P
7. jameshoe (unregistered)
nokia has got some money...
2. Johnnokia (Posts: 868; Member since: 27 May 2012)
Everyone is paying to Nokia and no one could sue them... Nokia is really the motherland of patents.
4. alterecho (Posts: 1096; Member since: 23 Feb 2012)
Basically, Nokia need not sell a single phone and yet earn billions a year with their massive patent portfolio.
5. wp7tribes (Posts: 52; Member since: 12 Aug 2011)
good to know this will help nokia even more
6. apexKBC (Posts: 92; Member since: 10 Dec 2012)
every fruit has a different flavour...... u know wat i mean.