RIM Is Out $612 Million - But Your Blackberry Is Safe

Posted Mar 3rd 2006 5:52PM by Brian White
Filed under: Cellular, Business

Just a few hours ago, RIM settled with NTP for a little over $612 million to finally (finally) end - we hope - the long drama over the future of the wireless email service that RIM has made indispensable to Blackberry users. So, folks, thumb your emails away - your Crackberries are safe.

NTP's suit has been dismissed and the court has approved the $612.5 million payout by RIM to NTP, so this should be the last inkling of anything regarding the - oh no! - threatened closure of our prized wireless email service. We can go back to our beaches and get our emails processed while we stress on vacation. Or, if you really want a vacation, throw the thing in the ocean...oops, I mean the trash. Just kidding.

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1. Under the terms of the settlement, RIM will make a one-time payment to NTP of $612.5 million. In return NTP has granted RIM a license which will enable RIM to continue its BlackBerry-related wireless business.
Press Release Source: http://www.media-press-release.com/desk/200603/24855.htm

Posted at 5:24PM on Mar 5th 2006 by Media Press Release

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