Wednesday, January 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Cloud Cryptographic Algorithm Protects Personal Data
Spying Program Runs Global Internet Watch: CBC
PlayStation Meets Spotify
Facebook Intros Trending Super Bowl
YouTube Now Defaults to HTML5
HP Led The Notebook Market In 2014
New PlexTurbo Supports More SSD Models
Google Expands Its Fiber Internet Network
Active Discussions
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
 Home > News > General Computing > Apple, ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 01, 2011
Apple, Microsoft, RIM And Sony and Sony Win Nortel's Patent Portfolio


After a multi-day auction, a consortium consisted of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony emerged as the winning bidder of Nortel's remaining patents, with a cash purchase price of US$4.5 billion.

Broadband and networking patents developed by bankrupt Nortel Networks went up for sale earlier this week.

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.

Google, which offered $900 million for the patents in April, was not among the winning bidders.

"Following a very robust auction, we are pleased at the outcome of the auction of this extensive patent portfolio", said George Riedel, Chief Strategy Officer and President of Business Units, Nortel. "The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world."

The sale is subject to applicable Canadian and U.S. Court approvals which will be sought at a joint hearing expected to be held on July 11, 2011. Nortel will work diligently with the consortium to close the sale in the third quarter of 2011.

However, the auction reportedly attracted the attention of the Justice Department, which was said to be looking into whether the winner would be gaining an unfair edge against the competition.


Previous
Next
Intel Expands Microprocessor Share in Q1 Despite Sandy Bridge Recall        All News        MIT Researchers Make e-beam Lithography Chips Manufacturing Technique More Practical
Google Updates Gmail's Interface     General Computing News      MIT Researchers Make e-beam Lithography Chips Manufacturing Technique More Practical

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung, Huawei And Google Sued Over Nortel Patents
Tech Companies Bid For Nortel's Patents
Google to Bid For Nortel Patents
Nokia Siemens To Purchase Nortel's LTE and CDMA Assets
Nortel Files for Bankruptcy
Microsoft, Nortel Offer New Services

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .