Shares of Canadian tech standout Research In Motion Ltd., soared Wednesday after the maker of the ubiquitous Blackberry wireless e-mail devices said it would pay $450 million to settle a patent infringement suit. The payout to NTP, a Virginia company, ends a drawn-out legal battle in which Canada's government interceded after U.S. courts had favored the plaintiff. The settlement should make it easier for Research In Motion to license its technology for use in other mobile devices. Under the agreement, NTP grants Research In Motion the right to continue its BlackBerry-related business without further interference from NTP or its patents.

Posted by GEN-ERIC at 12:03:22 am into the following categories: In The News

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