ITWorld Canada - Nortel will try to sell patents: Analyst


(11-Feb-10) Nortel Networks Corp. has said Thursday it has raised $2 billion from selling business units to other vendors and is still figuring out what do to with its numerous patents.

“My feeling is that that the value of their patents really will be with companies that actually manufacture products that utilize those patents,” said Andy Woyzbun, lead analyst with London, Ont.-based Info-Tech Research Group. “I suspect that rather than try to operate Nortel as a going concern that they will attempt to sell those patents now while they still have value.”

Toronto-based Nortel once employed more than 100,000. The telecommunications equipment maker now has 459 workers in its business services group and 75 in its corporate group in Canada. A company spokesperson stated the business services and corporate group employ 2,237 and 166 worldwide in total.

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