BlackBerry has announced that it has signed a licensing deal with BLU for the manufacture of handsets powered by Android smart mobile operating system. This deal provides recurring revenue for the Canadian company, ending the legal Patent dispute that Google has asked the US government to cancel.
BlackBerry declined to disclose the financial terms of the deal, and changed the value of its shares slightly after the news, as the company shares rose by 0.5 percent late Thursday morning within the NASDAQ, and the Canadian company has filed a lawsuit against Miami-based BLU June 2016.
The suit was part of the company’s efforts to generate revenue from a range of its technological patents. Google has sued the smartphone maker operating through its Android operating system by challenging six patents at the US Patent and Trademark Office.
The patent office of the Patent Office said between late August and early September that Google had a reasonable chance of winning the ruling on the invalidity of four patents through a full review of the disputed patents.
The agreement between BlackBerry and BLU is likely to be in line with the July 19 memorandum of understanding filed with the court to hear the Patent Dispute. The two companies refused to disclose the financial terms of the agreement, and John Black, chief executive of BlackBerry, said in a 28- September that his company had received returns from BLU.
It is not clear whether the payment was included in the Canadian company’s quarterly profit, which exceeded analysts’ expectations of a jump in license fees, including patent and revenue payments for BlackBerry branded devices and software sold by other companies.
BlackBerry said in a statement on Thursday that the completion of the BLU deal allowed it to focus on other licensing targets in the mobile communications industry, IDC estimates that BLU’s share is estimated at less than 1 percent of the global market share of smartphones.Viewing:-29
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