Description: Blackberry, that Canadian company once known for its namesake phones, is now rebranded as a software and messaging security organization. Consistent with this outlook, Blackberry has sold-off patents it no longer considers part of its core business for the tidy sum of $900 million. Part of the compensation is based on future royalties of up to $700 million.
Date: March 21, 2023
1) Have you ever used a Blackberry handset?
2) What is your opinion of how this Canadian company has transformed itself in the face of the collapse of its once-famous cellular device?
3) Page 8-29 of Wiley’s Understanding Financial Accounting discusses patents. How long does patent protection last in Canada?