TeleCommunication Systems Inc. (TSYS:US) said it put aside a patent-infringement dispute with BlackBerry e-mail device-maker Research In Motion Ltd. (RIM) while the two sides try to negotiate a settlement.
TeleCommunication, based in Annapolis, Maryland, said today it dismissed a lawsuit against Research In Motion (RIMM:US), with the option to revive the case if the companies can't reach an ``amicable business resolution.''
TeleCommunication sued Research in Motion in December, accusing it of infringing a patent related to a wireless e-mail reader. The so-called standstill agreement will last through June 12, TeleCommunication said in a statement distributed by Market Wire.
Officials with Waterloo, Ontario-based Research In Motion didn't immediately return voice and e-mail messages seeking comment.
TeleCommunication fell 8 cents, or 2.2 percent, to $3.58 in Nasdaq Stock Market trading at 4:29 p.m. Research In Motion fell 38 cents to $115.47.
The case is TeleCommunication Systems Inc. v. Research In Motion LTD., 07cv1277, U.S. District Court, Eastern District of Virginia (Alexandria).
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