Skip to comments.Settlement Rejected in BlackBerry Case
Posted on 12/10/2005 7:53:39 PM PST by nickcarraway
TORONTO, Dec. 9 (Reuters) - The patent holding company NTP Inc. has rejected an offer by Research In Motion, maker of the BlackBerry e-mail device, to settle their patent dispute and the two sides are not currently negotiating, NTP's co-founder, Don Stout, said Friday.
Mr. Stout said Research In Motion had made an "unacceptable" written offer Thursday to settle their patent infringement case, a lawsuit that could shut down the popular BlackBerry e-mail service in the United States.
"They have responded yesterday in a manner which is unacceptable so we're not negotiating," Mr. Stout said. Research In Motion did not immediately respond to a request for comment.
Mr. Stout, who is also a patent lawyer, said he wanted to curb false speculation that the two sides were in talks and close to a deal.
Stock in Research in Motion rose $3.38, or 5.6 percent, at $64.13 on Nasdaq on volume of more than 22 million shares on Friday.
NTP successfully sued R.I.M. for patent infringement in 2002. It won an injunction the following year to halt sales of the BlackBerry device and service in the United States. The injunction was stayed pending the appeal process, which has largely been exhausted.
(Excerpt) Read more at nytimes.com ...
Time to send that judge a bottle of scotch. Shut it down!
"Mr. Stout, who is also a patent lawyer, said he wanted to curb false speculation that the two sides were in talks and close to a deal."
uh huh. 99.9% of all software patents aren't worth the paper they are written on...only real value they have is with patent lawyers and #%^$%^$ patent laws :-)
PTSC is doing the same thing to over 150 electronics corps.