RIM handing over $65 million for patent payment to Nokia

A few days ago, Research in Motion and Nokia announced the end of their patent fight that began earlier this year. It started when Nokia filed a lawsuit which claimed that RIM was violating its patents relating to WiFi connectivity with its BlackBerry smartphones. The legal fight ended with RIM agreeing to license Nokia's patents.

At the time of the announcement, the specific financial terms of the deal were not disclosed, with Nokia saying only that RIM would pay Nokia a one time payment as well as some ongoing charges. This week, AllThingsD.com reports that a filing with the US Securities and Exchange Commission by RIM revealed that the one time payment to Nokia would be 50 million euros, or about $65 million.

There's still no word on how much RIM will be paying Nokia for its other future payments, but they will likely be revealed in upcoming statements to the SEC. However, AllThingsD speculates that those amounts per year could come to be almost as much as this one time charge. Analysts speculate that the agreement will allow Nokia to collect between two to five dollars for each BlackBerry phone sold by RIM that uses Nokia's patents.

Source: AllThingsD.com
Money image via Shutterstock

Report a problem with article
Previous Story

Microsoft / Barnes and Noble have new partner for Nook Media

Next Story

Chinese law for real-name internet registration passed

8 Comments

Commenting is disabled on this article.

RIM will no doubt keep the BES up and happily running. Active Sync is not as secure as BES and well lets face it. Corporations concerned about security use it for the security factor. That tied with a VPN connections places like the White House and the Pentagon keep their BB's to communicate.

Here in Alberta Canada, most of my friends swear by their BB phones. Simply put, they just work. They do everything they need them to do and probably more, and once BB10 arrives every last one of them plans to upgrade.

I've went from a BB to an iPhone and now on to an Android device (Samsung SIII) during the same period they have kept their BB 9700's. In hindsight, I look like the fool because of how much money I've spent on devices. I was perfectly happy with my BB 9700, yet wanted to use an iPhone.

I've seen all the videos related to BB10, and I have to admit the moment they hit the market I will likely get one. It just looks slick and intuitive.

You only "think" you look like a fool because you were tricked into the Apple and Google's false promises of happiness. Don't blame yourself, too many people fall victim to iOS and Android. Each remind me of Windows 3.1 with their old fashioned grid of icons that do nothing but clutter the screen. Try a Windows Phone 8 like a Nokia Lumia 920 or HTC 8X and your friends will all want one and ditch their BB 9700 in the process. I know I used to own a BB 9700, it was great for it's time, but now I really love my Nokia Lumia 920.

If RIM drops their BB Server requirement crap and adopt true ActiveSync (EAS) then I could see a few more people wanting to try a BB 10.

BB Server is the worst thing I ever came across as an IT Pro, having to install some 3rd party app that does not integrate with the built-in email and calendar functionality just to be able to connect straight to an Exchange Server without going through BB Server made me want to throw my BB on the ground and jump on it repeatedly.

LUTZIFER said,
Holy crap, do they even have that much money left? lol.

Actually RIM are sitting on a HUGE pile of cash. They could last two more years without selling anything without depleting reserves.

Plus stock has been on an upswing for months now. Someone has faith in the company.

deadonthefloor said,

Actually RIM are sitting on a HUGE pile of cash. They could last two more years without selling anything without depleting reserves.

Plus stock has been on an upswing for months now. Someone has faith in the company.

It's all or nothing with BB10 I feel, if that fails then RIM will probably stop making phones

Probably Rappy.

But i dunno i have the feeling RIM will still be around for a while. I still see many people with BB phone (more than i see with WP actually in canada) and if BB10 is just good i feel enough of them will stick with BB for RIM to be viable in the mid term.