“Final bids are due within weeks for blocks of patents owned by Canada’s once mighty telecom giant Nortel Networks, including some that could change the balance of power among mobile operators,” Alastair Sharp and Nadia Damouni report for Reuters.
“The rare intellectual-property portfolio sale is part of bankrupt Nortel’s auction of assets, most of which have already been sold,” Sharp and Damouni report. “Sources expect the sale to draw wireless telecom newcomers Apple and Google, which want to build up patent war chests as they fight incumbents such as Nokia, which want to protect their patent positions, in the courts.”
“Nortel, which filed for bankruptcy protection in January 2009, holds more than 4,000 patents that analysts say are worth more than $1 billion in total,” Sharp and Damouni report. “Two sources with knowledge of the auction process say they have been grouped into six “buckets” of related technologies and that final bids are due within weeks.”
“The patents likely to draw the most attention relate to third- and fourth-generation wireless technology such as Long Term Evolution, with device-makers such as Research In Motion, Motorola, and Apple seen as likely bidders,” Sharp and Damouni report. “‘It is certainly a very significant stockpile of potent weaponry, and whoever lays their hands on it is going to gain significant advantage,’ said Alexander Poltorak, chief executive of General Patent Corp, which advises companies on intellectual property strategy and valuation but is not advising anyone involved in the Nortel patent auction.”
Full article here.
[Attribution: MacRumors. Thanks to MacDailyNews Reader “James W.” for the heads up.]