InterDigital Inc (IDCC)

[thelurker]

RIM Pays $267.5 Million to Settle Patent Suit
By CAROLYN KING

BlackBerry maker Research In Motion Ltd. agreed to pay $267.5 million to closely held Visto Corp. to end a long-running patent dispute.

In exchange for the payment, RIM will receive a perpetual and fully paid license on all Visto patents and the transfer of certain Visto intellectual property. The settlement is expected to be completed next week.

Visto is the parent of Good Technology, a mobile email provider that filed its patent suit against RIM in 2006. It is the second large patent payment from RIM, which in 2006 agreed to pay NTP Inc. $612.5 million to resolve a separate patent dispute.

RIM expects to expense the majority of the Visto payment as an unusual item in its fiscal second quarter, with the remainder being classified as an intangible asset.