With the Nortel Garage Sale nearly complete, the last major assets on the table are the 50.1% stake in the Nortel-LG joint venture and the 3,000+ patent portfolio, which includes the much-coveted LTE patents.
There is, however, another valuable asset that has escaped the spotlight: Nortel’s minority stake in Blade [...] Continue Reading…







Nortel Posts Q4 Results; No One Cares
Nortel posted its fourth-quarter and 2009 results a few days ago but given the company is heading towards extinction, the results are a non-event. There were a few interesting tidbits after sifting through through them: - Nortel plans to registration of its common stock under the Act shortly and suspend its obligations to file periodic reports with the SEC, including 10-Ks, 10-Qs and 8Ks. - NNL will continue to be a "reporting issuer" under Canadian securities laws and, as a result, will remain subject to continuous disclosure requirements, including the filing of annual and quarterly financial statements and managements' discussion and analysis of financial results. - As of December, 31, 2009, Nortel has $2.0-billion of cash reserves, as well as $815-million of equity investees cash and $1.93-billion related to asset sales.