Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.
Mac Newsforums, a part of the
04-16-2011, 12:54 PM #1
RIM May Pay 'Any Price' to Beat Apple, Google Out of Nortel Patents
Research in Motion wants to drive the nails through the coffin on Google and Apple's respective efforts to secure the bevy of highly valuable patents up for grabs from bankrupt Nortel - patents that contain hot, in-demand technologies for the LTE 4G networking standard.
According to reports published this weekend, the BlackBerry maker is gunning for the likes of Google and Apple to secure the patents "at any price." And, in terms of price, this one is definitely a sticker shock in the making. Just days ago, The Wall Street Journal reported that Google's bid - which is still on the table - stands at $900 million.
“Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories,” Google general counsel Kent Walker told the WSJ. “So after a lot of thought, we’ve decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction."
Nortel filed for bankruptcy in January 2009 after a loss of $5.8 billion as its customers put off spending on new equipment amid the recession. Since then, Nortel has raised about $3 billion for its creditors by selling businesses, with the patents portfolio the last of the major assets to be sold.
Although it isn't clear just how much Apple, Nokia and RIM are bidding, sources say RIM is poised to out-bid them all if it means obtaining Nortel's patents. Of course, this is merely hearsay. But if RIM is serious and plans to counter Google's offer - at this time it doesn't appear that Apple will, despite having the financial resources to do so - an auction will be held June 20 to determine who will get the goods.
Patent attorneys and industry analysts who have weighed in on the matter almost universally concur that bidding will ultimately top $1 billion for the patents - patents, many say, that could easily return that large investment in a relatively short period of time.
Source: WSJ, Bloomberg
The Following User Says Thank You to Michael Essany For This Useful Post:
04-16-2011, 01:07 PM #2
Like RIM could really outbid Apple or Google?
04-16-2011, 01:21 PM #3
Apple would be foolish to give up the oppurtunity to purchase these patents and RIM is even more foolish if they think they have enough capital to outbid either Apple or Google.
04-16-2011, 01:24 PM #4
04-16-2011, 01:37 PM #5
Lol at RIM for thinking a portfolio of patents is gonna keep their afloat.
In before RIMs patent auction.
04-16-2011, 01:46 PM #6
RIM's gonna need some patents after their FailBook launches.iPhone 4 to Android directly back to iPhone 4. I learned my lesson and will never leave iOS again.
04-16-2011, 01:47 PM #7
Let's club together and buy them :-)
04-16-2011, 02:04 PM #8
Too late RIM: I've already asked Uncle Steve to buy me the patents for my birthday.They can have my jailbreak when they pry it from my cold dead fingers.
04-16-2011, 02:22 PM #9
Apple bids: $901 million and takes it!
04-16-2011, 02:35 PM #10
I see why not? RIM bought the "TAT" , a company known for there specialties in 3D UI's ect...
04-16-2011, 03:48 PM #11
04-16-2011, 03:49 PM #12
RIM has a lot more phones out on the market than most of you think. Theyve got some deep pockets
04-16-2011, 03:53 PM #13
04-16-2011, 04:32 PM #14
RIP to RIM!!!
Your pockets don't go deep enough if Apple is interested and I really do hope Apple is.
04-16-2011, 04:49 PM #15
Apple has about $50B to play with. Thanks for trying, RIM. Please come play again.
The Following User Says Thank You to moon#pie For This Useful Post:
04-16-2011, 05:05 PM #16
...besides, it's not like RIM would know what to do with the patents if they managed to get them...besides going on a suing spree that is!! :-p
04-16-2011, 05:35 PM #17
Why not just divide them up., let all the companies use them. if one company buys them all it may give that company an unfair advantage and that's always bad fur the consumers.| Desktop: Windows 8 | Phone: HTC One | Tablet: iPad Air 32GB WiFi+LTE | Laptop: HP Envy
Newest Device: iPad Air WiFi+LTE 32GB (Silver) |
04-16-2011, 05:37 PM #18
They can't compete so instead they decide to become patent trolls. Nice.
04-16-2011, 05:52 PM #19
04-16-2011, 06:33 PM #20