Nokia & Research In Motion Spar In Court, AMD Looks to Sell Austin Campus: Tech Business Roundup
Nokia Corporation (NYSE:NOK) seeks enforcement through a California court of its arbitration award that would prohibit Research In Motion Limited (NASDAQ:RIMM) from making or selling any product equipped with wireless LAN capabilities until patent royalty fees can be resolved. Requests like this are made only after two parties settle a dispute via arbitration but one party does not keep the agreement, according to ComputerWorld.
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Advanced Micro Devices (NYSE:AMD) intends to divest and lease back its 58-acre campus in Austin so as to raise cash and pay for its chipmaking unit as it diversifies beyond the PC industry into new markets. The company hopes the sale will bring between $150 million and $200 million and that the transaction should in the second quarter, according to spokesman Drew Prairie to Reuters on Tuesday. This move, as reported earlier by the Austin American-Statesman, emerges as AMD and its larger competitor Intel Corporation (NASDAQ:INTC) must deal with stalling PC sales. The firm has recruited JPMorgan & Chase Co. (NYSE:JPM) to assist in the exploration of options.