NTP Says it Would Settle for 5.7%

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Research In Motion Ltd. can avoid losing access to the U.S. market with a single payment that comes without strings attached, says the patent holding firm that won a four-year infringement battle against the creator of the BlackBerry device. But as late as Thursday afternoon, RIM was still not hearing that message, according to NTP Inc.’s co-founder Donald Stout. “If they don’t pay us a dime, then they’re going to go out of business in the U.S.,” he said. NTP offered to settle the case last week for a payment equivalent to 5.7 per cent of RIM’s projected U.S. sales through the life of the contested patents, which expire in 2012, said Mr. Stout, who is also a patent lawyer.

RIM responded with a written proposal Thursday that was not acceptable, he said. Mr. Stout declined to provide details of RIM’s response, but said NTP remains firm in its demands. He said it is important the settlement be clear and final.

“We’re not going to have continued warfare going on,” he said.

“We are not going to enter into a lengthy agreement with these guys.”

  • jj

    I think NTP are a bunch of greedy bastards. They have not created anything like RIM has. Blackberry’s have made the business world a little easier to maintain, and NTP is asking for money for what? They haven’t done anything that warrants they get 5.7%. What a joke.

  • jj

    I think NTP are a bunch of greedy bastards. They have not created anything like RIM has. Blackberry’s have made the business world a little easier to maintain, and NTP is asking for money for what? They haven’t done anything that warrants they get 5.7%. What a joke.

  • James Butler

    NTP is asking for too much concidering that they will prabably never use the technolgy, that RIM is already using in the blackberry. It does not seem right for NTP to be profiting off of what is a small portion of the blackberry technolgy. Especally at 5.7% which is more money than NTP has ever seen or even been exposed to.

  • James Butler

    NTP is asking for too much concidering that they will prabably never use the technolgy, that RIM is already using in the blackberry. It does not seem right for NTP to be profiting off of what is a small portion of the blackberry technolgy. Especally at 5.7% which is more money than NTP has ever seen or even been exposed to.

  • pm

    Why won’t the US supreme court hear the appeal ? The US patent office is in the process of ruling some if not all of the NTP patents invalid. Oh i forgot .. silly me.. Its a Canadian company being sued by NTP . They are hearing the American Ebay appeal but not Canadian RIM ….. can you spell s o f t w o o d L u m b e r.

  • pm

    Why won’t the US supreme court hear the appeal ? The US patent office is in the process of ruling some if not all of the NTP patents invalid. Oh i forgot .. silly me.. Its a Canadian company being sued by NTP . They are hearing the American Ebay appeal but not Canadian RIM ….. can you spell s o f t w o o d L u m b e r.