RIM hit with $147.2 million verdict in wireless patent lawsuit

articles.chicagotribune : SAN FRANCISCO (Reuters) - A northern California jury directed Research in Motion Ltd to pay $147.2 million in patent litigation over a remote management system for wireless devices, according to an attorney for the plaintiff, Mformation Technologies Inc.The verdict on Friday in a San Francisco federal court comes at a bad time for RIM, whose stock has fallen more than 70 percent in the past year as customers abandon the BlackBerry in favor of Apple's iPhone and a slew of devices using Google Inc's Android software.

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searchbuzz2380d ago

Thats rather a lot of money!

Captain Tuttle2380d ago

RIM can't catch a break. I'd be surprised if they last a year.