Research In Motion shares are down again in the wake of reports that it has lost a round in a patent dispute with Nokia Corp.
The European cellphone giant has licensed some of its patented technology to the BlackBerry maker.
However, an arbitrator has ruled RIM breached their agreement and should be prevented from using certain technology unless it reaches a deal with Nokia.
Nokia (NYSE:NOK) says it's asking courts in Canada, the United Kingdom and United States to enforce the arbitrator's ruling.
Research In Motion says it won't comment on litigation before the courts.
RIM's shares (TSX:RIM) dropped to as low as $10.15 in early trading Wednesday on the Toronto Stock Exchange but recouped some of the loss.
They were down 22 cents, or about two per cent, at $10.48 after 30 minutes of trading.
The stock has given back most of the gains since jumping last week to as high as C$12.09 following relatively positive analyst estimates about the potential of BlackBerry 10, the company's new operating system.
Read more Business News
- EMS called to PM's homeCanada - 2:47 pm
- Abducted boy saved by songWorld - 1:01 pm
- Medical pot for 2 yr. oldPenticton / S. Okanagan - 12:50 pm
- Dozens speak on land swapPenticton / S. Okanagan - 12:06 pm
|QHR Technologies Inc||1.22||+0.01|
|Anavex Life Sciences||0.38||-0.005|
|Copper Mountain Mining||2.33||-0.05|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||0.00|
Our ability to live beyond our years has nothing to do with medical science; we will all live longer than our physical bodies, each of us will leave behind a personal legacy made up of our deeds, our ...
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...