Monday, March 06, 2006

Yea Blackberry!

"BlackBerry maker Research in Motion said Friday it agreed to pay $612.5 million to patent holding company NTP to settle a long-running dispute that had threatened to shut down the popular wireless e-mail service for its 3 million users. Canadian-based Research in Motion (Research) announced the settlement late Friday ahead of a U.S. judge's expected ruling on damages in the case. Under the settlement, NTP granted RIM the right to keep running its BlackBerry business, the company said in a statement. "The agreement has been finalized and NTP's lawsuit against RIM has been dismissed by a court order," the Canadian company said. "The settlement means no further court proceedings or decisions about damages are necessary." RIM also issued a warning Friday, lowering its 4th-quarter revenue projections. ... Richards said Microsoft and Motorola could have capitalized on RIM's situation by introducing major wireless products, but that they had not done so."

Boy, sure am glad that's over. Now, I can keep on with my crackberry addiction and stop stressing over this!