Thursday, April 13, 2017

What will BlackBerry do with the $815 million now burning a hole in its pocket?

Things are looking up for BlackBerry at the moment. The resurgent Canadian software company (and erstwhile phone manufacturer) just prised away an impressive $815 in damages from chipmaker Qualcomm over a royalty dispute. The press release from BlackBerry doesn’t explain the background behind the dispute, other than to say that it was over royalty payments made from BlackBerry to Qualcomm Incorperated. The essence of the dispute is that Qualcomm agreed to place an upper-limit on certain royalty payments, and it was unclear if this applied to some large payments made by BlackBerry, which is a long-time Qualcomm customer. MarketWatch has…

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