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Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)
BB 3.770-12.9%Dec 19 9:30 AM EST
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From: kidl11/18/2020 11:05:17 AM
   of 1832
 
The Globe and Mail reports in its Wednesday edition that former smart phone giant holds 38,000 patents possibly worth more than $450-million Canada's biggest patent holder, BlackBerry, is looking to unload most of its intellectual property in a deal that could mark another turning point for the fallen former smart phone giant. The Globe's Sean Silcoff writes that it could also deal a major setback to Ottawa's innovation strategy efforts, marking the second time in a decade that valuable IP assets from one of Canada's leading research-and-development-driven companies have been sold off. If, as expected, a deal results in ownership of tens of thousands of BlackBerry patents passing into foreign hands, taxpayer-funded assets potentially worth hundreds of millions of dollars could leave the country along with prospects of generating any further benefit to the economy. BlackBerry recently began shopping most its 38,000 patents to interested parties. Tech+IP Capital, LLC, a U.S. investment banking firm, is handling the sale for BlackBerry. The company generated $328-million (U.S.) in "licensing and other" revenue last year -- over 31 per cent of total sales -- and $1.1-billion (U.S.) over the past five years.

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