Lost patent appeal .... Nice play if you are short ....How much will it reduce on re-open ? ...anybodys guess ... but maybe 10 - 15 dollars....
US court rejects RIM's bid to rehear patent case Fri Oct 7, 2005 11:29 AM ET WASHINGTON, Oct 7 (Reuters) - A U.S. appeals court on Friday refused to reconsider an earlier ruling that upheld patent infringement charges against the Canadian company that makes the Blackberry e-mail device. The U.S. Court of Appeals for the Federal Circuit said on its Web site it had turned down a request by Research In Motion Ltd. (RIM.TO: Quote, Profile, Research) (RIMM.O: Quote, Profile, Research) asking that all the judges on the court reconsider the ruling of a three-judge panel, which concluded that the Blackberry infringed 11 patents held by a U.S. patent holding company called NTP Inc. PALM rallied almost 2 1/2 points after RIMM was halted. Has now sold off. Aynone got a take on whether PALM has any legs here on the heels of this appeals ruling? (no pun intended) IcE
it's ok S&P keeps BUY rating on RIMM...as of the open today...nothing to worry about if you're long...sheah right. http://yahoo.businessweek.com/investor/content/oct2005/pi2005106_9447_pi010.htm
They may break the trades from 11:14 and after call the nasdaq. Waiting for a press release from the co.