Research in Motion (RIM), NTP hold settlement talk
RIM shares jumped more than 8 percent on March 14 after reports the BlackBerry wireless e-mail device maker held a settlement conference with NTP Inc. about their ongoing patent infringement battle.
Kona Shio, an analyst with research firm Conscius Capital Partners, said:
"We view this as a clear positive and could mark the first step toward a long awaited resolution of RIM's NTP case which we believe is curtailing share price performance. To date it is difficult to handicap the odds of a settlement."