Blackberry settles patent dispute
Research in Motion , the company that developed the blackberry has finally settled their 3 year old patent dispute with NTP. They could have settled earlier for $450 million but instead they wanted to pursue all their legal options and allowed the case drag on for so long. With a fear of an injunction, that could shut down their service in the United States very likely they finally decided to settle for $612 million dollars. Even if they borrowed $450 million back then the interest rate wont have added another 40% well it just shows that patent infringement is big business.
I wonder when they will implement that in my beloved home country Nigeria imagine having the patent for mobile phones back in Nigeria and forcing Nokia, SonyErricson and Samsung to pay you for the sale of each device or even the GSM telcos themselves. Because with this NTP victory you really don't need to invent anything or have any product you just have to have an idea what it would behave like when developed :) and the idea should be as vague, broad/all encompassing as possible
See http://news.com.com/2100-1047_3-6045880.html?part=rss&tag=6045880&subj=news for more information
posted by Kendall Ananyi at
3:26 PM
1 Comments:
I wouldn't consider patent infringement as a big business as time goes on.
It cost's so much time and money in a legal battle and limit other people's interest from innovating that aspect of technology.
By
Anonymous, at March 30, 2006
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