BlackBerry maker RIM's shares halted after patent ruling

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BlackBerry maker RIM's shares halted after patent ruling

According to MarketWatch, Research In Motion Ltd.'s (RIMM) request to suspend proceedings of its ongoing patent dispute with NTP Inc., pending the BlackBerry maker's request for a U.S. Supreme Court review, was denied, according to an NTP press release, the Wall Street Journal reported in its online edition on Friday. RIM shares fell 5% before being halted. The company may be forced to suspend sales of its market-leading device unless it can settle with NTP before an expected injunction is enforced.

Wow, no more Blackberry? Say it ain't so, Joe! :(


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