RIM Settles Long-Standing Blackberry Claim
David Jao writes "Research in Motion has agreed to pay 612.5 million dollars for a 'full and final settlement of all claims' resulting from the NTP patent lawsuit against the makers of BlackBerry. According to the article, the settlement is 'on the low end of expectations', perhaps because the patents in question had earlier been preliminarily ruled invalid by the US Patents & Trademarks Office." Many article submitters characterize this move as 'giving in' to NTP's tactics. What do you think?
Low end of expectations? Wow. This justifies patent squatting to the unscrupulous looking for the cash-out.
un burrito me trampeó.
Simple. The uncertainty surrounding RIM was hurting their business and was going to continue to. By resolving the dispute sooner they keep many customers they might have lost and have a better chance of attracting more. NTP could have kept this dragging through the courts for years and possibly sunk RIM in the process. Gotta love corporate shakedowns.
I'm not in favor of NTP or anything, but the people who point out that NTP had no product are missing the point of patents.
Suppose you invented the Blackberry. You. Right now. You have the idea. Now what? Do you have the financial backing to manufacture a million Blackberrys? Do you have the industry connections to go around and make deals with all the mobile carriers to get your service into people's hands? No. But it's still a good idea, so you want to go forward with it. That means finding potential partners and investors. But just talking to those people about it is spreading the idea around. Suppose you go to the mobile company and say, "I have these plans for this service, I'm going to call it Blackberry." What's stopping them from just making the service themselves and cutting you out of the picture completely?
Your patent is.
In an ideal world, that's what patents are for: protecting the little guy inventor from big business.
Breakfast served all day!
This company deserves to go straight to hell. $612 million is a rap on the knuckles.