BlackBerry Limited recently announced that it has inked a patent license agreement with Timex Group, a leading watch making company. Per the deal, BlackBerry will receive on-going royalty payments from Timex. Other terms of the agreement have not been divulged.
With terms of the agreement kept under wraps, the extent of the effect on BlackBerry’s balance sheet remains unclear. Also, unlike its previous agreements, the company made no mention of what this patent stands for.
Notably, BlackBerry’s portfolio consists of approximately 40,000 patents and applications worldwide, covering a wide range of technologies including wireless communications, networking infrastructure, acoustics and the likes.
Other Prominent Deals
Last month, BlackBerry signed an agreement with Appdome, the first cloud hub for mobile app integration. The contract would allow codeless integration of secure voice, video and messaging functions.
In 2016, BlackBerry reached a deal with Ford (F - Free Report) to send some of its software developers to the car giant to help work on driverless car technology.
In 2015, BlackBerry entered into a long-term patent cross-licensing agreement with Cisco Systems (CSCO - Free Report) . Per the deal, which covered their respective products and technologies, BlackBerry obtained a license fee from Cisco. The agreement allowed the companies to emphasize on innovation and technical cooperation and enhanced creation of world-class products and services for customers without any hindrance of patent disputes.
Earlier in May this year, the company received a boost from Qualcomm (QCOM - Free Report) , which reached an $815-million deal to pay BlackBerry’s past-due royalty fees. This repayment plan helped set up BlackBerry’s stock buyback of 31 million common shares.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
BlackBerry Limited recently announced that it has inked a patent license agreement with Timex Group, a leading watch making company. Per the deal, BlackBerry will receive on-going royalty payments from Timex. Other terms of the agreement have not been divulged.
With terms of the agreement kept under wraps, the extent of the effect on BlackBerry’s balance sheet remains unclear. Also, unlike its previous agreements, the company made no mention of what this patent stands for.
Notably, BlackBerry’s portfolio consists of approximately 40,000 patents and applications worldwide, covering a wide range of technologies including wireless communications, networking infrastructure, acoustics and the likes.
Other Prominent Deals
Last month, BlackBerry signed an agreement with Appdome, the first cloud hub for mobile app integration. The contract would allow codeless integration of secure voice, video and messaging functions.
In 2016, BlackBerry reached a deal with Ford (F - Free Report) to send some of its software developers to the car giant to help work on driverless car technology.
In 2015, BlackBerry entered into a long-term patent cross-licensing agreement with Cisco Systems (CSCO - Free Report) . Per the deal, which covered their respective products and technologies, BlackBerry obtained a license fee from Cisco. The agreement allowed the companies to emphasize on innovation and technical cooperation and enhanced creation of world-class products and services for customers without any hindrance of patent disputes.
Earlier in May this year, the company received a boost from Qualcomm (QCOM - Free Report) , which reached an $815-million deal to pay BlackBerry’s past-due royalty fees. This repayment plan helped set up BlackBerry’s stock buyback of 31 million common shares.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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