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Late Friday, sources informed the Wall Street Journal that Apple has officially joined the bidding party. The Cupertino firm will join Intel and Ericsson in a bidding dogfight with Google...
06-17-2011, 09:28 PM #1
Apple Reportedly Gets The Nod to Bid on Nortel Patents
Late Friday, sources informed the Wall Street Journal that Apple has officially joined the bidding party. The Cupertino firm will join Intel and Ericsson in a bidding dogfight with Google to acquire a teeming lot of 6,000 patents from the telecom-equipment maker Nortel. As of now, Apple is a "qualified bidder."
Nortel's treasure chest of patents is believed to be worth an estimated $1 billion. Many analysts believe this bidding war will come down to an ugly battle between Apple and Google, as both tech giants look to shore up their posturing in the mobile technology space. "There has been one round of bidding on those patents, this has been completed," one source told Reuters last December. "And what Nortel has done is divide the patents up into different lots covering different kinds of technologies."
Nortel, whose remaining assets remain in bankruptcy proceedings, this week delayed the auction by seven days until June 27, citing a "significant level of interest" in the portfolio.
For now, reps for Google, Intel, RIM, and Apple aren't talking or expressing any clues as to their respective level of interest in a slate of patents that span multiple facets of the mobile tech industry - Wi-Fi, social networking and, yes, even LTE. Consequently, the winning bidder could stand to benefit enormously from the patents in the coming years.
06-17-2011, 09:59 PM #2
What it takes to become a writer on this site nowadays:
1. Wake up in the morning feeling like Pdiddy
2. Log onto 9to5mac after brushing your teeth with a bottle of Jack
3. Copy and paste the first article you see on there
4. Rinse and repeat
Honestly I don't see many good original articles from here (not starting a flame war just stating an opinion)
On side news, since Apple can apparently buy out RIM, HTC, etc I guess they can easily acquire these patents.
06-17-2011, 11:13 PM #3
They could shut out the other companies easily.
But it is the board members that will put a cap on there. So depending on the cap by the board and stock holders they could lose out.
But the amount of patents this bid is for then I would say at least put a nice bid in there.
06-17-2011, 11:14 PM #4
I'd like to be in Nortels shoes right now. Whatever they owe after bankruptcy will be paid in full plus a LOT more. Between Google and Apple, I bet they get the bidding way past the "estimated $1billion value" of Nortel.
06-18-2011, 06:24 AM #5
06-18-2011, 08:32 AM #6
06-19-2011, 01:07 AM #7