BlackBerry Loses Payment Dispute With Nokia to Pay $ 137 Million

By | December 4, 2017

A referee ordered BlackBerry Ltd, a pioneer in smart phones, to pay 137 million dollars to resolve a dispute Nokia payment and the Canadian company said it would seek a separate patent infringement case against the Finnish company. The International Court of Arbitration ruled earlier this week that BlackBerry did not make certain payments to Nokia under a patent licensing agreement, BlackBerry said Friday.

 

The ruling, in a disagreement not previously unveiled on a smartphone technology licensing agreement signed in 2012, highlights the financial risks that companies face for intellectual property disputes, which are sometimes resolved through confidential arbitration processes involving unfamiliar investors. BlackBerry won a $ 940 million payment from chip manufacturer Qualcomm Inc earlier this year in a similar case of disputed payments.

 

BlackBerry previously said that seeking to generate more income from your portfolio of approximately 40,000 licenciándolas other technology companies’ patents, and in November said Marconi Group, based in the United States, would help to license a wide range of its patents. It is often difficult for investors to assess the patent portfolio of a company, given the opaque nature of license offers and disputes.

 

“The patent problems will now appear so unique,” says Todd Coupland, analyst at CIBC World Markets. “To stand before them, unless there is some detail, will be difficult.” BlackBerry shares fell 1.9 percent during the afternoon operations in Toronto, while Nokia closed 2 percent less in Helsinki. BlackBerry revealed in February that it had filed patent infringement claims against Nokia separately, claiming that a number of base stations and associated software manufacturer Finnish network equipment infringed 11 of its patents.

 

Nokia, which sells these products to telecom operators, said in a statement Friday that he believes claims for infringements are “unfounded”. BlackBerry said it would take a load of GAAP results, but did not say when the decision would affect your finances. Nokia said that a significant part of the amount granted had already been included in the financial statements.

 

Nokia sold its telephony business, which once was dominant, in 2014, adhering to its network equipment business and a broad portfolio of patents. It has licensed the technology to smartphone manufacturers Samsung Electronics, Apple, Xiaomi Technology and LG Electronics.

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