As per media reports, BlackBerry Limited (NASDAQ:) recently filed charges against Blu Products – a FL-based phone manufacturing company. Blu Products sells affordable, unlocked phones. According to BlackBerry, Blu Products has been selling phones which are incorporated with BlackBerry’s SEP technology without a license.
Blu Products has been accused of infringing 15 BlackBerry patents. Despite being approached by BlackBerry to solve the issue in a non-discriminatory way and have its patents legally licensed, Blu Products has apparently disregarded the offer.
BlackBerry also filed another lawsuit earlier in August this year against CA-based Avaya for violation of eight patents. This was the first patent infringement lawsuit to be filed by the company, as per reports.
Changes at BlackBerry
The lawsuits have started emerging at a time when BlackBerry has been witnessing a rapid shift in business structure. The company has now shifted its focus from mobile handsets to software and services and licensing. The company has been struggling for a while due to intense competition from the likes of Apple Inc. (NASDAQ:) , Nokia (HE:) Corporation (NYSE:) and Samsung Electronics (KS:) Co. Ltd. A range of its handset models released in the past two years failed to generate the desired revenues. As a result, the company has been trying to boost top- and bottom-line growth and generate value for shareholders through rapid growth in the security and services space. BlackBerry has made noteworthy acquisitions in the past to promote its changed business focus such as AtHoc Inc., Encription Ltd., Good Technology Securesmart GmBH, to name a few.
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Zacks Rank and Stock to Consider
BlackBerry currently holds a Zacks Rank #2 (Buy). Another favorably ranked stock in the wireless communications space is KT Corp. (NYSE:) with a Zacks Rank #1 (Strong Buy).
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7 Best Stocks for the Next 30 Days.Click to get this free report >>As per media reports, BlackBerry Limited (BBRY) recently filed charges against Blu
Products – a FL-based phone manufacturing company. Blu Products sells affordable,
unlocked phones. According to BlackBerry, Blu Products has been selling phones which
are incorporated with BlackBerry’s SEP full form ?technology without a license.
Blu Products has been accused of infringing 15 BlackBerry patents. Despite being
approached by BlackBerry to solve the issue in a non-discriminatory way and have its
patents legally licensed, Blu Products has apparently disregarded the offer.
BlackBerry also filed another lawsuit earlier in August this year against CA-based Avaya
for violation of eight patents. This was the first patent infringement lawsuit to be filed by
the company, as per reports.
Changes at BlackBerry
The lawsuits have started emerging at a time when BlackBerry has been witnessing a
rapid shift in business structure. The company has now shifted its focus from mobile
handsets to software and services and licensing. The company has been struggling for a
while due to intense competition from the likes of Apple Inc. (AAPL), Nokia Corporation
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure
here or
remove ads
.
(NOK) and Samsung Electronics Co. Ltd. A range of its handset models released in the
past two years failed to generate the desired revenues. As a result, the company has been
trying to boost top- and bottom-line growth and generate value for shareholders through
rapid growth in the security and services space. BlackBerry has made noteworthy
acquisitions in the past to promote its changed business focus such as AtHoc Inc.,
Encription Ltd., Good Technology Securesmart GmBH, to name a few.
Zacks Rank and A Stock to Consider
BlackBerry currently holds a Zacks Rank #2 (Buy). Another favorably ranked stock in
the wireless communications space is KT Corp. (KT) with a Zacks Rank #1 (Strong
Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can
download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
NOKIA CP-ADR A (NOK): Free Stock Analysis ReportKT CORP (KT): Free Stock Analysis ReportAPPLE INC (AAPL): Free Stock Analysis ReportBLACKBERRY LTD (BBRY): Free Stock Analysis ReportOriginal postZacks Investment Research