Nokia & RIM End Dispute, KIT Digital Delisted: Tech Biz Update
Nokia Corporation (NYSE:NOK) announced Friday that it and its Canadian smartphone competitor Research In Motion (NASDAQ:RIMM) come to an agreement on a new patent licensing pact which will put an end to all existing litigation between the parties. The Finnish firm added that the resolution includes a “one-time payment and on-going payments, all from RIM to Nokia,” but the “confidential” terms were not discussed.
At the open on December 21st, KIT digital (NASDAQ:KITD) was delisted from Nasdaq, and shares lost more than 50 percent on the day. The delisting is due to the firm’s determination to not pay certain fees based on its current circumstances and outlook.
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PC maker Dell’s (NASDAQ:DELL) market capitalization under $18.5 billion does not represent the mega-cap market space, says the S&P, and the firm was notified that it will be removed from the S&P 100, effective at the close on December 31st, to be replaced by Abbott Laboratories.
Microsoft Corporation (NASDAQ:MSFT) wins a United Kingdom decision that invalidates Motorola Mobility Holdings patent protection for tech that synchronizes message statuses across multiple devices. Judge Richard Arnold said in a decision in London Friday that the 2002 patent owned by Google’s Motorola Mobility unit should never have been issued, as the technology was obvious to experts in the field by that time.
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