BlackBerry wins US$815 million in arbitration

13 April, 2017, 01:28 | Author: Alicia Barber
  • Milwaukee spoils Toronto's home opener, adds to Jays early-season misery

The companies in 2016 chose to arbitrate a dispute over Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.

To view the full article, register now.

The arbitration decision comes just a day after the latest twist in Qualcomm's ongoing legal dispute with Apple AAPL.

BlackBerry's agreement to use Qualcomm's modems and other technology in its smartphones involved a bulk prepayment of royalty fees based on the expected sales volume of the devices, according to the San Diego Union Tribune.

The arbitration hearings took place from February 27th to March 3rd and while the matter was stitched up several weeks back, the public announcement has been made today.

BlackBerry argued that it was overpaying Qualcomm in royalty payments.

Tax Deadline Day Is Fast Approaching
To apply for an extension in nearly all cases, you must file IRS Form 4868 prior to the April 18th filing date. Thanks to Emancipation Day , the filing deadline is April 18, 2017, to file your taxes for the 2016 tax year.

The Toronto Stock Exchange's S&P/TSX composite index settled down 78.71 points, or 0.50 percent, at 15,648.40, with half its 10 main groups in negative territory.

Qualcomm in a statement issued on Wednesday said that it does not agree with the decision on the binding interim arbitration award. The suit contends that Qualcomm insists on onerous royalties for its technologies and demands royalties for technologies it didn't develop-such as Apple's Touch ID.

Blackberry Ltd (NASDAQ: BBRY), the mobile phone giant, stepped out of the shadows on Wednesday, to reveal it had been awarded an eye popping $814.9mln following arbitration.

In my opinion, with more than half of BlackBerry's current market capitalization now in cash (including the money due from Qualcomm), buying the shares even after this morning's pop is more than likely a good idea.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.



Massive rally in Budapest in support of Soros-funded university
Yee told Reuters that, while the new law hurt the university and academic freedoms, Hungary remained a key USA ally. Protesters filling Kossuth Square outside Parliament said they want President Janos Ader to veto the legislation.

Toshiba's survival in doubt amid Westinghouse troubles
Toshiba's inability to report earnings has also raised speculation of a possible delisting from the Tokyo Stock Exchange. Apart from its embattled nuclear segment, Toshiba's other operations are healthy, Tsunakawa said.

Ailing Josh Donaldson not starting in Blue Jays' home opener
Last year's Jays went 46-35 at home (on their way to 89-73 overall), outscoring opponents by 38 runs in their home confines. Interestingly, the Jays have twice previously started their home schedule against the Brewers.

Le Pen, Macron tied in run-up to French electionm says Elabe poll
The turbulent presidential campaign has grown increasingly bitter in recent weeks as candidates eye the finishing line. Unusually, the Elabe poll of around 1,000 voters on Tuesday tested a variety of hypothetical second-round matchups.

Shares in chipmaker Dialog plunge over Apple contract doubts
The report goes on to suggest Apple might need to hire more than 1,000 engineers to completely replace its business with Dialog. About 80 engineers at Apple are working on chips for use as soon as 2019, he said , citing unnamed industry sources.