Thursday, August 9, 2012

RIM dodges $150 million bullet

RIM dodges $150 million bullet

. Bullets keep flying Research In Motion's (RIMM) way, but this time the company managed to dodge one. A jury in a Northern California court recently found RIM guilty of infringing patents owned by management software solutions provider Mformation Technology, and RIM was ordered to pay $147.2 million in damages. This was hardly what RIM needed as it attempts to trim operating costs by $1 billion, and it appealed the jury's decision. On Thursday, RIM announced that it won its appeal and will not have to pay damages.

Boy Genius Report , RIM dodges $150 million bullet, RIM dodges $150 million bullet

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