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RIM, NTP Play Nice
by
Mark Evans
on Mon 14 Mar 2005 08:16 PM EST | Permanent Link
It looks like Research in Motion and NTP Inc. could be on the verge of settling a three-year patent dispute that has only made the lawyers rich and happy. Both parties met last Friday for settlement talks, which investors interpreted today as great news as RIM shares popped 10%. Let's be honest, this legal battle has dragged on way too long for anyone's good. NTP has used the patent system and the courts to hold RIM hostage, while RIM has dug its heel in and refused to concede that maybe NTP has something of value. Of course, we're talking about lots of money so it's not like either side was expected to be rational about resolving things quickly. What you can expect is NTP will walk away with a whack of RIM's cash - $75 million, $100 million is a gues-estimate - and RIM will get peace of mind until the next time someone tries to take a legal run at them. RIM has discovered theire is a price to pay for getting to the top of the heap - you become a target. Ironically, the guy who started this legal mess - NTP's Thomas Campana - died last year.
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