Thursday, July 24th13.5°C
21452

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15402.87+8.49
S&P CDNX1008.79-3.44
DJIA17085.32-1.31
Nasdaq4470.209-3.488
S&P 5001988.74+1.73
CDN Dollar0.9304-0.002
Gold1297.50-7.00
Oil104.30-0.29
Lumber325.50-7.90
Natural Gas3.832+0.07

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.08+0.02
Anavex Life Sciences0.27-0.055
Metalex Ventures0.070.00
Russel Metals35.59-0.06
Copper Mountain Mining2.755-0.005
Colorado Resources0.2150.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



22439

FEATURED Property
195078012-750 Badke Road
2 bedrooms 3 baths
$249,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22685