BlackBerry and Cisco sign long-term patent cross-licensing deal

BlackBerry and Cisco sign long-term patent cross-licensing deal
BlackBerry announced today that it will be receiving some money from Cisco as part of a cross-licensing deal involving patents held by both tech firms. BlackBerry and Cisco have been working together for years, and with this deal in place both companies can go ahead working on new products and technology without fear that they will be infringing on patents owned by the other firm.

BlackBerry and Cisco plan on continuing to work together. Specific terms of the deal, including the amount of money that BlackBerry is receiving from Cisco, is confidential.


Earlier this morning, BlackBerry reported that it sold 1.1 million handsets during its fiscal first quarter, down sequentially from the 1.6 million units it rang up in the previous three-month period. Despite the drop in device sales, BlackBerry added $50 million in cash to its balance sheet during the quarter. The company now has $3.32 billion in cash on the books. The implication here is that software sales rose by more than enough to make up for the weak hardware showing. Software has been a focus of CEO John Chen, although the executive says that he has no plans to exit the business of hardware production. Chen says BlackBerry handsets introduce companies to BlackBerry's secure software offerings.

source: Crackberry

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9 Comments

1. Fallen1

Posts: 288; Member since: Nov 14, 2014

Still hoping they release something truly with a wow factor

2. meanestgenius

Posts: 21769; Member since: May 28, 2014

Great news! This really does go to show people that other companies do value what BlackBerry possesses and what they are capable of.

10. jroc74

Posts: 6023; Member since: Dec 30, 2010

I dont think too many thought that about BB...lol. And its a cross licensing deal....so the same could be said for Cisco.

3. EbonyPericarp

Posts: 67; Member since: May 02, 2015

Ok.... but Cisco? Their stuff is rubbish! Oh... that's why they need access to BlackBerry's patents.

7. Dr.Phil

Posts: 2340; Member since: Feb 14, 2011

Cisco is actually a very large corporation. 85% of internet traffic goes through Cisco systems. However, I will say that from what I've read the deal is that Blackberry will be compensated for the use of patents but I don't think Blackberry has to pay Cisco for anything (probably because Cisco doesn't hold that many patents that Blackberry would be interested in compared to the amount Blackberry has that Cisco would be interested in).

4. Crispin_Gatieza

Posts: 3123; Member since: Jan 23, 2014

Where are the "analysts" and the trolls today? It must absolutely burn a hole in their a$s that BlackBerry is in the black and adding to their bottom line.

5. NateAdam8

Posts: 436; Member since: Feb 17, 2012

_______________________ BlackBerry

6. cornerofthemoon

Posts: 620; Member since: Apr 20, 2010

The Android factor should help BB. Alot of people including myself would love to embrace BB again but are stymied by the ecosystem problem.

9. NFSHesham

Posts: 297; Member since: Feb 04, 2014

Oh Come on stop this $hitty... the BB10 Os. ecosystem is more than fine and in fact it has won the best mobile operating system from the famous Indian tech.magazine DIGIT... so saying the ecosystem is a crippling factor doesn't make any sense

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