Apple, Intel among bidders for Nortel Networks: Report

Nortel filed for bankruptcy after a loss of USD 5.8 billion, in 2009

PTI | June 20, 2011



Apple Inc, Intel Corp and Ericsson AB are among the technology giants that will vie with Google Inc to buy patents from bankrupt telecom-equipment maker Nortel Networks Corp, says a media report.

"Apple, Intel and Ericsson AB are among the technology giants that will vie with Google to buy a trove of patents from the bankrupt Canadian telecom-equipment maker Nortel Networks Corp," The Wall Street Journal reported, citing a source.

The report said that RPX Corp, a US-based firm that defensively buys up patents on behalf of other companies, was also accepted as a qualified bidder.

Nortel said last week it was delaying the sale of about 6,000 patents by seven days until June 27, citing a "significant level of interest" in the portfolio.

The Nortel patents cover telecommunications technology used in wireless handsets and networks, as well as Internet search, semiconductors and social networking.

In 2009, Nortel filed for bankruptcy after a loss of USD 5.8 billion, hurt by customers putting off spending on new equipment during the recession.

According to the publication, representatives for Google, Intel and RPX declined to comment. Apple, Ericsson and the Justice Department did not immediately respond to a request for comment.
 

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter