Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

BlackBerry maker RIM sued by NXP over patents

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/03/2012 | 09:31pm CET

A Dutch semiconductor company said on Tuesday it had filed a patent infringement suit against Research In Motion Ltd, adding to the BlackBerry maker's troubles and sending its shares tumbling.

An affiliate of NXP Semiconductors NV alleges that versions of RIM's BlackBerry phone and PlayBook tablet infringed on patents issued to it between 1997 and 2008. The patents in question relate to design, data transmission and other features of the devices.

NXP demands a halt to the alleged infringements and seeks to recover what it claims as lost profit, reasonable royalties and triple damages for willful infringements.

It has not specified a dollar amount it is seeking from the struggling smartphone maker, whose share price has dropped about 80 percent in the past year as its market share has eroded.

"It's a lawsuit aimed at extracting some money from RIM at a time when RIM is most vulnerable," said Alex Poltorak of General Patent Corp, a firm that provides patent consulting.

RIM is no stranger to patent litigation. It was almost brought to its knees by a five-year patent fight that began in 2001 and at one point threatened to shut down RIM's U.S. operations. RIM eventually paid out more than $600 million to NTP Inc, a patent holding company, to settle the case.

NXP filed its lawsuit on Monday in the U.S. District Court in Orlando, Florida. RIM plans to hold its annual BlackBerry World conference there in early May.

A RIM spokeswoman declined to comment on Tuesday, citing the Canadian company's policy of not discussing litigation.

Litigation has become a major weapon in a global patent war being waged among makers of mobile phones, tablet computers and their operating software in a market worth billions of dollars.

Apple, Microsoft, Oracle and numerous hardware companies using Google's Android software are locked in court battles over patents aimed at extracting licensing fees from their rivals.

RIM teamed up with Apple, Microsoft and others to outbid Google for a trove of patents sold last year by bankrupt network equipment company Nortel Networks. Google later bought Motorola Mobility in a move many suggested was a play for its patents.

MORE PRESSURE ON HEINS

Based in Eindhoven, Netherlands, NXP was spun off from Koninklijke Philips Electronics NV in 2006. It said it now owned 11,000 issued or pending patents, and generated $4.2 billion of annual revenue.

Up against fierce competition from Apple Inc and phones running on Google Inc's Android, RIM has watched its once-dominant market share erode and sales performance decline.

Last week, RIM said it will stop issuing financial forecasts and that it was reviewing strategic options, such as entering partnerships and joint ventures.

Thorsten Heins, who became chief executive in January when the company's longtime co-CEOs resigned under pressure, would not rule out a possible sale of the company.

General Patent Corp's Poltorak said RIM may seek a quick settlement in the NXP case as pending litigation could complicate any sale talks. Two sources told Reuters last week that RIM has avoided talks with potential suitors since Heins took over.

In afternoon trading on the Nasdaq, RIM fell $1.10, or 7.6 percent, to $13.27; and NXP fell 67 cents, or 2.6 percent, to $25.45.

The case is NXP BV v. Research In Motion Ltd et al, U.S. District Court, Middle District of Florida, No. 12-00498.

(Reporting By Jonathan Stempel in New York and Alastair Sharp in Toronto; Editing by Frank McGurty)

By Jonathan Stempel and Alastair Sharp

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE INC.
02/23 Buffett expected to tout passive investing in Berkshire annual letter
02/23 HIGH COURT : Patent laws not violated Business briefing Japan opts to 'fight' fo..
02/23 APPLE : Park, resembling a spaceship and envisioned by later founder Steve Jobs,..
02/23 APPLE : paceship' headquarters readies for boarding
02/23 APPLE : to open ‘spaceship’ campus in April
02/23 APPLE : Forest Lake gets on board with BizRecycling
02/23 APPLE : Tech breakthroughs take a backseat in upcoming Apple iPhone launch
02/23 INSIDER TRADING ACTIVITY APPLE INC. : AAPL) – Insider Sold 13,207 shares ..
02/23 APPLE : Celebrating a lifetime of achievement in education
02/22 APPLE INC. QUIETLY BUYS ICLOUD.NET D : Report (NASDAQ:AAPL)
More news
Sector news : Computer Hardware - NEC
02/23 China's Legend, buyout funds preparing final bids for Allfunds Bank - sources
02/23DJHP : Sales Get Boost From PC Rebound -- WSJ
02/22DJHP : Revenue Grows Again on PC Rebound -- Update
02/22DJHP : Revenue Grows Again on PC Rebound
02/21DJCan an Outside CEO Succeed? Look at the Board's Diversity
More sector news : Computer Hardware - NEC
News from SeekingAlpha
02/23 Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q4 2016 Upda..
02/23 Valuing Apple Shares And How Much Higher They Can Go
02/23 FITBIT : Turnaround Story Or Falling Knife?
02/23 Federal Judge Defends Apple's Touch ID Privacy Protection
02/23 Can 20 Financial Ratios Measure A Company's Moat Just Like Morningstar? Updat..
Advertisement
Financials ($)
Sales 2017 228 031 M
EBIT 2017 61 134 M
Net income 2017 46 845 M
Finance 2017 162 548 M
Yield 2017 1,69%
P/E ratio 2017 15,39
P/E ratio 2018 13,64
EV / Sales 2017 2,44x
EV / Sales 2018 2,19x
Capitalization 719 353 M
More Financials
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 49
Average target price 140 $
Spread / Average Target 1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.18.03%719 353
HEWLETT PACKARD ENTERP..6.57%41 254
HP INC8.69%27 391
SEAGATE TECHNOLOGY PLC24.26%13 977
PEGATRON CORPORATION--.--%6 848
LENOVO GROUP LIMITED-1.48%6 727
More Results