DailyTech

Tag: licensing

  • BlackBerry Says It Noticed Increased Software program, Licensing Demand Final Quarter

    Canada’s BlackBerry posted a shock 6 % rise in quarterly income on Thursday, as gross sales of its safety software program product rose and its patent licensing enterprise strengthened.

    US-listed shares of BlackBerry, which sells security software to firms and governments in addition to infotainment software program to carmakers, rose 6 % in early morning commerce.

    BlackBerry’s QNX automotive software program gross sales, which had been underneath stress attributable to a pandemic-related weak spot within the US auto trade, additionally improved within the quarter. Demand for brand spanking new automobiles has been recovering after hitting a backside in April, as lockdown restrictions ease and patrons return.

    “Some indicators of restoration in auto manufacturing level to sequential income development and a return to a standard run fee for QNX by early subsequent yr,” Chief Govt John Chen stated in an announcement.

    The quarter benefited from greater gross sales of the corporate’s core safety software program, Spark, as companies proceed to strengthen their IT safety to assist distant working traits.

    In a post-earnings name with analysts, the corporate stated its patent licensing enterprise additionally carried out strongly, contributing $108 million (roughly Rs. 795 crores) to complete income.

    Morningstar analyst Mark Money stated BlackBerry Spark gives the corporate with future demand as enterprises and authorities entities work to guard and handle units.

    The corporate reiterated its full yr income forecast of about $950 million (roughly Rs. 6,997 crores). Analysts anticipate income to be $956 million (roughly Rs. 7,041 crores).

    Complete income for the second quarter ended August 31 was $259 million (roughly Rs. 1,907 crores), whereas analysts have been anticipating it to drop to $237.03 million (roughly Rs. 1,746 crores) from $244 million (roughly Rs. 1,797 crores) a yr earlier, in accordance IBES knowledge from Refinitiv.

    Excluding objects, the corporate reported a revenue 11 cents (roughly Rs. 8) per share, in contrast with analysts’ estimates of two cents (roughly Rs. 2) per share.

    Internet loss narrowed to $23 million (roughly Rs. 169 crores), or 4 cents (roughly Rs. 3) per share, from $44 million (roughly Rs. 324 crores), or 10 cents (roughly Rs. 7) per share, a yr earlier.

    © Thomson Reuters 2020

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  • BlackBerry Patent Licensing Director Victor Schubert Says He Has Left the Firm

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    A key lawyer executing BlackBerry Ltd’s patent licensing technique has left the corporate, the second latest departure from the crew tasked with being profitable from the Canadian firm’s mental property.

    Victor Schubert, who was a licensing director for BlackBerry, informed Reuters in a quick LinkedIn message that he was not with the corporate. He didn’t say when he left or why.

    Monetizing the corporate’s mental property is a key a part of Chief Government John Chen’s plan for turning across the firm whose revenues have declined for six straight years as gross sales of its as soon as ubiquitous smartphones have tumbled.

    Firm representatives didn’t reply to requests for touch upon Schubert. Two switchboard operators on the Canadian firm mentioned his title was not in a world worker listing.

    Information of his exit follows the latest departure of Mark Kokes, who lead BlackBerry’s general patent technique. Kokes final month joined a well being expertise firm.

    Schubert joined BlackBerry in March 2015, based on his LinkedIn profile, as the corporate was embarking on a serious push to spice up licensing income.

    BlackBerry is making an attempt to influence different corporations to pay licensing royalties to make use of its trove of some 40,000 international patents on expertise together with working programs, networking infrastructure, acoustics, messaging, automotive subsystems, cybersecurity and wi-fi communications.

    Schubert has created and executed patent-licensing packages for at the very least 4 corporations, together with BlackBerry, relationship again to 1992, based on his LinkedIn profile. It lists portfolio mining, patent valuation and negotiating patent gross sales as areas of experience.

    He was on account of characterize BlackBerry at a Seattle-area patent convention subsequent month to debate how working corporations can make cash off their mental property, based on an agenda posted on the convention web site in August. He’s not listed as a panelist.

    BlackBerry disclosed it had secured royalty-bearing offers with Cisco Programs Inc and one other firm that it didn’t title quickly after Schubert joined. It additionally filed patent infringement lawsuits throughout his tenure in opposition to Nokia and Avaya Inc which might be ongoing.

    BlackBerry on Thursday disclosed that it had settled one other lawsuit, filed in opposition to low-end Android cellphone producer BLU Merchandise Inc.

    Each corporations declined to reveal phrases of the deal.

    © Thomson Reuters 2017