Nortel Networks (fka NRTLQ)

[trader111]

READ that! Patents maybe worth 15 billion!

It's an inauspicious end for the once-great Ottawa telecom player. Nortel has been basically reduced to the role of organ donor to the wireless industry; its technology is used in the iPhone, in BlackBerrys and Android phones.

Rumor have all of those companies and more at the table in a matter of weeks, competing for Nortel's wireless technology patents.

In April, Nortel entered into a "stalking horse" agreement with Google for the sale of all of Nortel’s remaining patents and patent applications, for the negotiated price of $900 million. Some, however, believe that the patents are worth much more, perhaps as much as $15 billion.

Talking to the CBC recently, former Nortel director Sorin Cohn said, "People are talking about $900 million, but Google stands to make anywhere between $5 billion, $10 billion, maybe $15 billion out of these patents that Nortel is putting up through the auctions."

The latest rumour about the arrival of Ericsson to the table brings the number of punters to four when added to Google, Apple and Research
in motion.

Link: http://www.businessinsider.com/nortels-final-role-organ-donor-2011-5