Technology licensing firm Wi-LAN Inc. has settled a pending lawsuit with BlackBerry maker Research In Motion, and said yesterday it was raising its financial forecasts sharply for fiscal 2008.
Wi-LAN said the settlement means RIM has obtained a licence to some of Wi-LAN's wireless technology patents, adding that pending litigation between the two companies will be dropped. It said terms of the pact were confidential.
Ottawa-based Wi-LAN said it signed licence deals for wireless-related technologies with 12 companies during the third quarter, up from 10 in the previous quarter. It also signed licence deals for its V-chip parental control patents with 12 firms, up from seven in the previous quarter.
It said it now expects revenue for 2008 will be between $24.5 million and $25.5 million, up from previous forecasts of between $15 million and $20 million.
