By Nestor E. Arellano
22 Dec 2008
It appears the BlackBerry maker will begin the New Year locked in a
court battle to salvage its $66-million hostile takeover bid for
encryption technology firm Certicom Corp
With barely two weeks to go before the end of the year, Research in
Motion Ltd.'s(RIM) $66 million hostile takeover bid for encryption
specialist Certicom Corp. has hit a snag.
It appears the Waterloo, Ont-based maker of BlackBerry smartphones will
begin the New Year locked in a court battle to salvage its attempts to
acquire the Mississauga, Ont-headquartered Certicom after learning that
Certicom intends to file submissions before the Ontario Supreme Court of
Justice and the Ontario Security Commission for and injunction and a
cease trade order respectively preventing RIM from acquiring Certicom
Certicom is best known for its Elliptic Curve Cryptography (ECC), which
is used by Motorola, IBM and other customers including military and
government departments to protect information. Certicom says the
technology meets U.S. National Security Agency standards. Acquiring
Certicom will bolster the BlackBerry's security posture and make the
handset more attractive to government buyers.
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