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Market Update Analysis: 
RIM Rises on Rejected Patents
Author: Elena Todorova
123jump.com
Last Update: 1:59 PM EST February 24 2006


U.S. blue chips fell after a report of an explosion and shooting at a Saudi Arabian oil facility sent oil back to over $62, raising concerns about high energy costs and inflation. A disappointing report on factory orders further weighed. Patent-holding NTP asked a judge to award it $126 million in damages and issue an injunction against RIM, the maker of BlackBerry, for violating its patents, but all of the 3 patents remaining in dispute were rejected by the U.S. Patent and Trademark Office.

 

 

 

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