NEW YORK, NY, (NAMC) – In a case that would have shut down millions of mobile devices that utilize Research in Motion’s (NASDAQ: RIMM) popular BlackBerry service has finally been settled.

Late Friday both Research in Motion (RIM) and NTP agreed to a resolution that will end the patent litigation that is currently pending in the United States District Court for the Eastern District of Virginia.

RIM has agreed to pay NTP over $612 million and NTP has agreed to grant RIM a license that would keep BlackBerry service alive and well.

This is good news for BlackBerry users this morning that were looking to ditch the BlackBerry for the Palm (NASDAQ: PALM) Treo.

Research in Motion closed at $71.92 on Friday March 3, 2006, but you can expect the stock to trade much higher in today’s trading session due to this settlement.

Louis Victor
NAMC Newswire
www.namcnewswire.com

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