Saturday, October 25th9.1°C
23888
22952

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 TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23216

FEATURED Property
1805553524 - 3880 Truswell Road, Kelowna, BC
3 bedrooms 4 baths
$899,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707