BlackBerry this morning put out their fiscal Q1 2016 numbers and the results were not good. In short, the company posted $658 million U.S. of revenue and a $28-million loss Tuesday after adjustments which works out to five U.S. cents per share. Before adjustments, BlackBerry had a net profit of $68 million U.S. or 13 cents per share.
That caused shares in the company to drop in early trading because it missed the street’s expectations. Now the good news. BlackBerry cut a deal with Cisco to cross license a number of patents:
BLACKBERRY Limited and Cisco today announced that they have entered into a long-term patent cross-licensing agreement covering their respective products and technologies.
As part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco. Specific terms of the deal are confidential.
This is an interesting development, but not a new one. BlackBerry and Cisco have a long history of technical cooperation. Thus I am guessing that this deal will only deepen those ties.
Related
This entry was posted on June 23, 2015 at 10:07 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
BlackBerry Posts $28 Million Loss In Q1….. And Cuts A Deal With Cisco
BlackBerry this morning put out their fiscal Q1 2016 numbers and the results were not good. In short, the company posted $658 million U.S. of revenue and a $28-million loss Tuesday after adjustments which works out to five U.S. cents per share. Before adjustments, BlackBerry had a net profit of $68 million U.S. or 13 cents per share.
That caused shares in the company to drop in early trading because it missed the street’s expectations. Now the good news. BlackBerry cut a deal with Cisco to cross license a number of patents:
BLACKBERRY Limited and Cisco today announced that they have entered into a long-term patent cross-licensing agreement covering their respective products and technologies.
As part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco. Specific terms of the deal are confidential.
This is an interesting development, but not a new one. BlackBerry and Cisco have a long history of technical cooperation. Thus I am guessing that this deal will only deepen those ties.
Share this:
Like this:
Related
This entry was posted on June 23, 2015 at 10:07 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.