Blackberry Patent Dispute Settled

Blackberry owners sighed in relief Friday when Research In Motion (RIM) announced that it settled a long-running patent dispute with NTP. RIM announced that it agreed to pay NTP US$612.5 million, which covers all of NTPis claims, plus a perpetual license. As a part of the settlement, NTP dropped its case against RIM. NTPis lawsuit alleged that RIM violated patents it owned by developing and selling the Blackberry and related services. Until the settlement was announced, Blackberry owners were on edge wondering if RIM might have to shut down its wireless email and content delivery service.