Tuesday, March 15, 2005

Research in Motion (RIM), NTP hold settlement talk

The Toronto Star reported on March 15 that a settlement conference between RIM and NTP took place March 11, 2005 in front of United States Magistrate Judge Dennis Dohnal at the U.S. District Court Eastern District of Virginia.

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."


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