Tag Archives: RIM

Apple, EMC, Ericsson, Microsoft, RIM and Sony now Own Nortel’s remaining pattents

Nortel Networks Corporation [OTC: NRTLQ] announced that it,its subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have completed the sale of all of Nortel’s remaining patents and patent applications to a consortium consisting of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony, for a cash purchase price of US$4.5 billion.

As previously announced, the sale includes more than 6,000 patents and patent applications spanning wireless, wireless 4G, data networking, optical, voice, internet, service provider, semiconductors and other patents. The extensive patent portfolio touches nearly every aspect of telecommunications and additional markets as well, including Internet search and social networking.

As previously announced, Nortel does not expect that the Company’s common shareholders or the NNL preferred shareholders will receive any value from Nortel’s creditor protection proceedings and expects that the proceedings will result in the cancellation of these equity interests.

Alcatel Lucent Q1 2009 results

alcatel-lucent

Alcatel Lucent KEY NUMBERS Q1 2009

  • Revenues of Euro 3.598 billion, down 6.9% year-over-year
  • Adjusted2 gross profit of Euro 1.133 billion or 31.5% of revenues
  • Adjusted2 operating income1 of Euro (254) million or (7.1)% of revenues
  • Operating cash flow3 of Euro (43) million
  • Net debt of Euro (841) million as of March 31, 2009
  • Full-year 2009 guidance to break-even at the adjusted operating income level reiterated

EXECUTIVE COMMENTARY

Ben Verwaayen, CEO, commented:

Ben Verwaayen