A northern California jury recently found that troubled handset-maker Research In Motion infringed upon Mformation Technologies’s patent covering a remote management system for wireless devices. The Waterloo-based company must now pay $147.2 million in damages, Reuters reported. The damages amount to an $8 royalty fee for every BlackBerry that connected to RIM’s enterprise server software up to a certain point, although the verdict only covers sales in the United States. The ruling couldn’t have come at a worse time for RIM, whose stock has tumbled more than 90% in the past year. The BlackBerry-maker last month, for the first time in eight years, posted an operating loss of $0.37 per share and revealed it was cutting 5,000 jobs, or nearly a third of its workforce. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.