BlackBerry maker ordered to pay $147 million lawsuit
Posted By:
Newstalk 1010
·
7/14/2012 2:09:00 PM
A northern California jury has ordered Research In Motion to pay $147.2 million in a patent lawsuit, the latest setback to hit the BlackBerry maker.
The Waterloo-based company was fresh out of a tumultuous annual general meeting when the verdict came down Friday in the suit over a remote management system for wireless devices.
A technology analyst says the decision comes at the worst time for RIM, which reported a first quarter loss and delayed the release of its much-hyped BlackBerry 10 operating system until next year.
Carmi Levy says the case will have a significant "fiscal and psychological impact'' on the technology giant, already targeted by critics and grumbling shareholders.
Levy says fighting the verdict - a move RIM says it is considering - will divert key resources the company should be using to refocus and get back on track.
Research In Motion says it is ``disappointed'' the jury sided with the Delaware.-based Mformation Technologies and is "evaluating all legal options.''
Shareholders at the annual general meeting this past week expressed their frustration and some pushed for a major shakeup of the company's board of directors.
(The Canadian Press)