Research in Motion has experienced something of a turbulent 24 hours though seems to have once again come out unscathed, with share prices having temporarily plummeted only to return to strength.
Next year’s BlackBerry 10 release date and thus the future of RIM as a whole were thrown into question on Wednesday following reports that Nokia had approached several international courts to seek a ruling that could potentially see RIM unable to use a number of patents. A recent ruling in Sweden found that a contract between RIM and Nokia had been breached and therefore the Canadian BlackBerry-maker should be legally refused permission to produce or sell devices using specific wireless technology, unless the Finnish group was to be offered royalties.
“In order to enforce the tribunal’s ruling, we have now filed actions in the U.S., U.K. and Canada with the aim of ending RIM’s breach of contract,” according to a statement from Nokia’s Mark Durrant.
He claims that a deal was struck between Nokia and RIM back in 2003 which allowed the Canadian company to use a number of their patents – a deal which was revised in 2008.
RIM officials have so far refused to pass comment on the dispute, or its potential implication on the BlackBerry 10 release date scheduled for late January next year.
Rather than actually leading to any product bans or sales restrictions, it is likely that a deal will be struck between RIM and Nokia which will affect prices and profit margins instead.
Share values for RIM fell during Wednesday trading to $10.15, though rallied back throughout the course of the afternoon to end the day 2.8% up at $11. Stock values have skyrocketed over the course of the past month as optimism for a successful BlackBerry 10 launch appears to be spreading amongst key analysts and investors alike.