« Why Wall Street hates people like me, Fri., Oct. 7, 2005, 11:25 AM | Main | Past performance? Fri., Oct. 7, 2005, 12:47 PM »

October 7, 2005

Research is motionless, Fri., Oct. 7, 2005, 11:38 AM

I know somebody who is going to be a happy camper. You remember that Kevin O'Leary guy, the one who shorted Research in Motion (NDQ: RIMM)?

A trial judge has decided the Company has lost its case on the Blackberry technology patents. The stock went down almost "10 pct before being halted.

Oh, to have been short this one!

O'Leary was against RIMM for another reason, actually. He said he is worried that the Company is running into market competition. This court case is a different animal. This one is whether RIMM will have to enter a new (and costlier licensing deal) or else be prohibited from selling, manufacturing or importing the hugely popular Blackberry devices into the U.S.

This is a big deal. The stock is halted.

Posted by Posted by Bill Cara on October 7, 2005 11:36:20 AM | Category: 45 Info Technology

Discourse