Key Developments: Research in Motion Ltd (BB.TO)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
Research In Motion Ltd To Change Name To BlackBerry; Unveils Two Phones-AP
The Associated Press reported that after lengthy delays, Research In Motion Ltd. (RIM) unveiled its first two phones with the new BlackBerry 10 system. The Q10 will have a physical keyboard, while the Z10 has only a touch-screen keyboard. RIM also announced a company name change to BlackBerry to maintain a single brand. RIM initially said BlackBerry 10 would come by early 2012, but then the company changed that to late 2012. Full Article
Lenovo Group Ltd Interested In Research In Motion Ltd-DJ
Dow Jones reported that Lenovo Group Ltd's CFO said the Company is looking at overseas acquisition targets, including Research In Motion Ltd (RIM). RIM's hardware business is probably what Lenovo is interested in. Lenovo Group Ltd. is looking at acquisitions as its core PC business slows down. Lenovo is more likely to receive approval from the U.S. and Canadian government if it was only buying the hardware business. RIM's know-how is with the software side. Other terms and conditions were not disclosed. Full Article
Research In Motion Ltd Mulls Licensing Out Software-Reuters
Reuters reported that Research In Motion Ltd will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its Chief Executive told a German newspaper. German-born CEO Thorsten Heins told daily Die Welt that the group's strategic review could lead to the sale of RIM's hardware production or the sale of licences to its software, among other options. Full Article
InterDigital Inc's Subsidiary Announces Patent License Agreement With Research In Motion Limited
InterDigital Inc announced that patent holding subsidiaries have entered into an agreement which extends the term of their worldwide, non-exclusive, royalty-bearing patent license agreement with Research In Motion Limited (RIM). In addition to extending the patent license agreement for a multi-year period consistent with InterDigital's licensing program, the parties agreed to amend the patent license to add coverage for 4G products, including LTE and LTE-Advanced products. Full Article
Synchronoss Technologies Inc Announces Acquisition Of Research in Motion Limited's NewBay
Synchronoss Technologies Inc announced that it has acquired NewBay, a wholly owned subsidiary of Research in Motion Limited. NewBay is a cloud services, enabling mobile operators and service providers to deliver content experiences across connected devices such as smartphones, tablets, PC`s and TV`s. NewBay`s cloud services are delivered to millions of user and stores billions of media files for live operator services around the world. In consideration for the acquisition, Synchronoss paid $55.5 million in cash to Research in Motion Limited, and there was no assumption of cash or debt. The transaction closed at the end of the fourth quarter of 2012. Full Article
Nokia Oyj and Research In Motion Ltd Enter into New Patent License Agreement
Nokia Oyj announced that it has entered into a new patent license agreement with Research In Motion Ltd (RIM). The agreement will result in settlement of all existing patent litigation between the companies and withdrawal of pending actions in the United States, United Kingdom and Canada related to a recent arbitration tribunal decision. The financial structure of the agreement includes a one-time payment and on-going payments, all from RIM to Nokia. The specific terms of the agreement are confidential. Full Article
Research In Motion Ltd Signs Patent Agreement with Nokia Oyj
Research In Motion Ltd (RIM) announced that it has entered into a new patent agreement with Nokia Oyj. The agreement will result in settlement of all existing patent litigation between the companies and withdrawal of pending actions in the US, UK and Canada related to a recent arbitration tribunal decision. The financial structure of the Agreement includes a one-time payment, and certain on-going payments from RIM to Nokia. The specific terms of the Agreement are confidential. Full Article
WiLan Inc Initiates Litigation Against Research In Motion Ltd
WiLan Inc announced that it has initiated litigation claiming patent infringement in the Southern District of Florida against Research In Motion Limited (RIM). The suit against RIM claims infringement of U.S. Patent No. 6,260,168 related to Bluetooth technologies. WiLAN will be represented by Carlson Caspers. Full Article
Nokia Oyj Announces Arbitration Tribunal Rule Against Research In Motion Ltd in Royalty Dispute-Reuters
Reuters reported that Nokia Oyj announced that an arbitrator has ruled in its favour in a patent dispute with BlackBerry-maker Research In Motion Ltd (RIM) over use of the Company's patents related to wireless local access network (WLAN) technology. Full Article
Research In Motion Ltd Comments On Q3 2013 EBIT Guidance
Research In Motion, Ltd. announced that for the third quarter of 2013, it expects to report an operating loss. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $(257.55) million for third quarter of 2013. Full Article
CANADA STOCKS-TSX up on energy and industrials; BlackBerry falls
* TSX rises 47.50 points, or 0.38 pct, to 12,577.05 * Seven of the 10 main groups advance * Decline in BlackBerry drags on tech sector By Cameron French TORONTO, May 14 - Toronto's main stock index rose on Tuesday, as energy and industrial stocks rose in tandem with gains in U.S. stocks, more than offsetting pullbacks in key stocks such as BlackBerry and Bombardier Inc. Energy stocks, which suffered steep losses in April, rose 0.67 percent despite a retreat in th
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