RIM found coals in their stockings today…
Research in Motion, known for their product, the Blackberry, has recently found themselves in a lawsuit that has their core product feature in the crosshairs. Blackberry’s are known for their ability to check email anywhere at anytime. Unfortunately, this feature may be considered a patent infringement.
The blow dealt today was issued by Judge Spencer who resides over the trial. He refused RIM’s request to have the trial postponed. He also refused to allow RIM to pay $450 million dollars to settle the dispute.
Palm’s stock shot up 6% when investors heard of the unfortunate news for Palm’s competitor. RIM’s plunged downward with worries of production coming to a halt temporarily.
A rumor has immerged that RIM could tweak their software very slightly to “work-around” the patent. However, the rumor has yet to be verified by any reliable sources.
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