CNN/Reuters: Setback for BlackBerry maker
Judge refuses to enforce disputed patent deal, may ban BlackBerry sales; RIM shares tumble.
November 30, 2005
WASHINGTON (Reuters) - BlackBerry maker Research In Motion Ltd. was dealt another legal setback in a key patent infringement case on Wednesday, raising pressure to settle or face a possible shutdown of its U.S. mobile e-mail service.
U.S. District Judge James Spencer denied a request by Research In Motion to enforce the terms of a disputed $450 million settlement reached earlier this year with patent holding company NTP Inc.
Now the judge will set up a hearing on whether RIM can keep selling or importing its BlackBerry hardware and software in the United States.
RIM (down $3.79 to $61.13, Research) stock, halted for the news, tumbled after reopening, sliding about 7 percent on Nasdaq and in Toronto.
RIM said in a statement that it would continue efforts to get the U.S. Supreme Court to review the case. The company also reiterated that it has prepared a software upgrade that can be used to work around the disputed patents....
http://money.cnn.com/2005/11/30/technology/rim.reut/index.htm?cnn=yes