A U.S. court has ruled that Nokia must settle a massive bill over technology used in its handsets.
Nokia must pay more than US$230m to InterDigital, a US-based wireless technology firm, after losing the latest stage in a long-running legal battle over patent royalties.
InterDigital announced on Wednesday that a federal district court judge in New York had upheld an earlier ruling by the International Chamber of Commerce's Court of Arbitration. It had ruled that Nokia owed InterDigital over US$230 million in royalty payments.
The case relates to technology used by Nokia in its 2G and 2.5G mobile phones, which InterDigital – which receives most of its revenue from royalty payments – says are covered by its intellectual property.
Nokia had asked the New York court to overturn this ruling. Having lost this claim, Nokia has said it will negotiate with InterDigital about the size of the payment, according to reports.
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Con gradulations to InterDigital. We too have patents for cell phones. Any magnification of a cell phone, pda, and or palm pilot. Built in or added as an accessory. www.thephonemonocle.com We have had meetings with many "BIG GUYS"
and they all like our magnifier but they all tell us the same thing. Instead of paying royalties they will hold off until we need them to take it off our hands. Its a good thing we are patient. This reminds me that there is Justice for the little guy, that earned the achievement.
This must have been simular to the David and Goliath story. The Phone Moncle awaits its day, Thanks, just wanted to give our thoughts. You can see our invention at www.thephonemonocle.com.
Magnifics Inc. CEO Joanie Taylor
Posted by Joanie Taylor on Friday, January 13 2006 01:18 AM