Scotiabank rethinks value of Blackberry patents

Scotiabank, the third largest bank in Canada, has revised its opinion of the value of Blackberry’s patent portfolio after reviewing IAM Magazine’s US Patent 100. A report issued by Gus Papageorgiou states the case:

We had been putting a value of roughly $1,139M for BlackBerry's patents, which was simply the value of the acquired Nortel patents ($770M) and the purchased Ericsson patents ($369M). But at this stage we believe that number is far too conservative. If BlackBerry's patents were only worth half of the Nortel patents (and remember there are more of them at 7,597 vs. roughly 6,000) that would put the value at $2.25B, over twice the value we had estimated.