Wednesday, November 30, 2005
RIM Hit Hard In Ruling In The NTP Case
Posted by Ed Hansberry in "THE COMPETITION" @ 02:30 PM
http://www.forbes.com/markets/2005/11/30/rim-blackberry-balsillie-cx_de_1130autofacescan07.html
"Hold on to your BlackBerries. Wireless email giant Research In Motion has taken a big hit in its long running legal dispute with NTP, and now faces the prospect of paying more than a billion dollars to get itself out of trouble...On Wednesday, Judge James Spencer of the U.S. District Court for the Eastern District of Virginia refused to delay the proceedings any further, or to hold the companies to their previous settlement. The decision means that RIM might have to pay out big bucks to settle the case. If they don't, Spencer could enforce an injunction banning BlackBerry sales in the US. That would cripple RIM's business, cutting it off from the market that provides 70% of its sales."
If nothing else, corporate IT department looking at wireless mobile solutions have to be avoiding Blackberries right now with them having such an uncertain future. It looks like Wall Street is taking a cautious approach to the stock. Trading was halted waiting the ruling today and when trading resumed, it was down over 6%. Now is the time Microsoft should be in high gear pushing the long awaited MSFP for WM5 devices out to OEMs and in turn to end users showing it has a solid worry free solution.
"Hold on to your BlackBerries. Wireless email giant Research In Motion has taken a big hit in its long running legal dispute with NTP, and now faces the prospect of paying more than a billion dollars to get itself out of trouble...On Wednesday, Judge James Spencer of the U.S. District Court for the Eastern District of Virginia refused to delay the proceedings any further, or to hold the companies to their previous settlement. The decision means that RIM might have to pay out big bucks to settle the case. If they don't, Spencer could enforce an injunction banning BlackBerry sales in the US. That would cripple RIM's business, cutting it off from the market that provides 70% of its sales."
If nothing else, corporate IT department looking at wireless mobile solutions have to be avoiding Blackberries right now with them having such an uncertain future. It looks like Wall Street is taking a cautious approach to the stock. Trading was halted waiting the ruling today and when trading resumed, it was down over 6%. Now is the time Microsoft should be in high gear pushing the long awaited MSFP for WM5 devices out to OEMs and in turn to end users showing it has a solid worry free solution.
