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While trying to save over $1 billion, RIM forced to pay $150 million in patent suit damages

Corey

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Corey Apprentice

Corey

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RIM Patent Lawsuit Ruling

A northern California jury recently found that troubled handset-maker Research In Motion infringed upon Mformation Technologies’s patent covering a remote management system for wireless devices. The Waterloo-based company must now pay $147.2 million in damages, Reuters reported. The damages amount to an $8 royalty fee for every BlackBerry that connected to RIM’s enterprise server software up to a certain point, although the verdict only covers sales in the United States. The ruling couldn’t have come at a worse time for RIM, whose stock has tumbled more than 90% in the past year. The BlackBerry-maker last month, for the first time in eight years, posted an operating loss of $0.37 per share and revealed it was cutting 5,000 jobs, or nearly a third of its workforce.

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