On the RIM of their own 'cliff'
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
- Highway closures: 1 & 3BC - 10:16 am
- Salmon Arm in Hockeyville final fourVernon / N. Okanagan - 9:26 am
- Controlled burning in regional parkKelowna - 10:30 am
- Father and son killed in avalancheCanada
|QHR Technologies Inc||1.19||-0.04|
|Anavex Life Sciences||0.42||-0.01|
|Copper Mountain Mining||2.01||+0.02|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.29||+0.015|
Do you remember Mitt Romney the governor of Massachusetts who ran for the US presidency? Straight out of Harvard Business School he joined Bain Consulting. The remit of Bain Consulting was to help bus...
But the equivalent for many of us, is to find more time in a day! Sometimes you have to wonder if in this era of technology laden assistance whether we really did become more productive. Alternately,...
Big Picture Geopolitical risk remains at the fore; Fluid situation in Ukraine suggests need for vigilance The S&P500 remains close to a record level as better than expected February jobs data in ...