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While trying to save over $1 billion, RIM forced to pay $150 million in patent suit damages

Updated Jan 8th, 2013 2:47PM EST
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A northern California jury recently found that troubled handset-maker Research In Motion infringed upon Mformation Technologies’s patent covering a remote management system for wireless devices. The Waterloo-based company must now pay $147.2 million in damages, Reuters reported. The damages amount to an $8 royalty fee for every BlackBerry that connected to RIM’s enterprise server software up to a certain point, although the verdict only covers sales in the United States. The ruling couldn’t have come at a worse time for RIM, whose stock has tumbled more than 90% in the past year. The BlackBerry-maker last month, for the first time in eight years, posted an operating loss of $0.37 per share and revealed it was cutting 5,000 jobs, or nearly a third of its workforce.

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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.