Now on the Auction Block, 4K Patents

<< …hysterical, right to the end >>

…except for one thing…. THERE IS NO END! ;>)

And Ciena is flying by using Nortel 100 gigabit device: “runs more than 12,000 times faster than the average eight-megabyte Internet connection…”

http://www.ottawacitizen.com/technology/Gigabits+brain/3691533/story.html

I hope it is over in October 29, 2010.

And hopefully eventually I get my benefit back!!!!!!!

With all the hundreds of Lawyers to be paid out or make claims to this fiasco….

NONE will be left for me and the others who worked more that 30 years in this company!

I do hope that the big UNIONS will take them to the

SUPREME COURT OF CANADA!!!! for DEPRIVING pensioners and retirees!

Unbelievable….. except….. “This is the Way, This is” …. well….. you know.

''The purpose of the stay of proceedings is to provide stability to the Nortel companies to continue with their divestiture and other restructuring efforts and to continue to work toward the development of a plan of compromise or arrangement under CCAA.''

The divestiture(christ, it's a liquidation !) is done, nothing is left except these patents which you just liquidate like the rest. Why all this waiting ? This company was a real shame in their last 10 years in business, of course why would it die with dignity ! Incredible farce with the stupid juges consents.

No one seems to question the motives of the people concern anymore

The longer they drag this BP on, it is for their own profit and gain!

Shame!

What is being manufactured and produced products out of all this

for the good of CANADA? It should be troubling for all Canadians!

One thing is sure! The smell of money is like a perfume to some!

They hand out extensions today as easy as they did government loan renewals (by Export Development Canada /EDC as they ironically export jobs, as ironic as the OSC fining them nothing for the largest fraud in Canada, lest I get into board member Manley's firm defending Frank Dunn on criminal charges more severe than just assaulting a little girl like they can do whatever the %^&$ they want).

Some one should tell them to dump these depreciating patents or get off the pot but it seems like their big business pals /new prioritized creditors after printing a whopping $4B in Nortel paper, neglecting pensions in application before loophole was closed (more printed than their firesales btw) are cooperating

… as they paid bone us yet cut pensions and severances while transferring even green failed management…

looks like the the next punch line comes February. In the meantime they can keep feasting off the deteriorating corpse where their agreeable big business pals get the largest share. Even the mediator Nortel seeks gets paid well, so why rush killing the gravy train, after all, they have a robber baron image to uphold =)

http://news.therecord.com/Business/article/801302

Why is Nortel still spending so much money on R&D when it's liquidating? Why has “Nortel believes the shares will be cancelled” been removed from the small print from the past and recent company news releases?

you got it! you got it right!

“On the plus side, the old guard (Nortel) is being replaced by the new guard (RIM), but overall trends are disappointing,”
“This year’s spending decline, matched with a substantial fall in revenues, should be a wake-up call for policymakers that change is needed in how we support research in Canada.”

“On the plus side, the old guard (Nortel) is being replaced by the new guard (RIM), but overall trends are disappointing,”
“This year’s spending decline, matched with a substantial fall in revenues, should be a wake-up call for policymakers that change is needed in how we support research in Canada.”
_________________________________

LTE is hot stuff:

http://www.thestar.com/news/canada/article/882200–faster-stronger-wireless-coming-to-canada?bn=1

2010/10/28

Wireless carriers around the world, including Canada’s Rogers, Bell and Telus, are moving toward a technology called Long-Term Evolution, or LTE, that ramps up the speeds and capabilities of their networks.

“Samsung will definitely be at the head of the line for LTE phones. Nokia has a big role in LTE technology and you can bet they’re building LTE phones.” It’s not known when Apple will introduce an iPhone for the technology, Segan said. He doesn’t expect Research In Motion to have BlackBerrys ready for LTE for a couple of years.

U.S. wireless carrier Verizon has said it will launch six LTE smartphones at the Consumer Electronics Show in Las Vegas in January.

Globally, the networks are just getting started. Sweden has an LTE network and U.S. regional carrier Metro PCS has launched. Verizon will launch its LTE network by the end of the year and AT&T will roll out the technology in 2011.

LTE technology is expected to become the global standard for wireless networks. But it does have a competitor called WiMax that’s being used by Sprint-Clearwire in the United States and WiMax is trying to gain a foothold in other parts of the world such as Asia and Africa.

Bell and Rogers have both announced they’re testing LTE. Telus also said it has been testing the technology and will move to it once it’s commercialized in a few years.

Bell’s Stephen Howe said consumers can expect up to double the speed with LTE, depending on where they are and how it’s used.

Consumers are driving the demand and that means staying at the forefront of technology, said Howe, senior vice-president of Bell’s wireless technology and chief technology officer.

LTE is hot stuff:
http://www.thestar.com/news/canada/article/882200–faster-stronger-wireless-coming-to-canada?bn=1

Wireless carriers around the world, including Canada’s Rogers, Bell and Telus, are moving toward a technology called Long-Term Evolution, or LTE, that ramps up the speeds and capabilities of their networks.

“Samsung will definitely be at the head of the line for LTE phones. Nokia has a big role in LTE technology and you can bet they’re building LTE phones.” It’s not known when Apple will introduce an iPhone for the technology, Segan said. He doesn’t expect Research In Motion to have BlackBerrys ready for LTE for a couple of years.

U.S. wireless carrier Verizon has said it will launch six LTE smartphones at the Consumer Electronics Show in Las Vegas in January.

Globally, the networks are just getting started. Sweden has an LTE network and U.S. regional carrier Metro PCS has launched. Verizon will launch its LTE network by the end of the year and AT&T will roll out the technology in 2011.

LTE technology is expected to become the global standard for wireless networks. But it does have a competitor called WiMax that’s being used by Sprint-Clearwire in the United States and WiMax is trying to gain a foothold in other parts of the world such as Asia and Africa.

Bell and Rogers have both announced they’re testing LTE. Telus also said it has been testing the technology and will move to it once it’s commercialized in a few years.

Bell’s Stephen Howe said consumers can expect up to double the speed with LTE, depending on where they are and how it’s used.

Consumers are driving the demand and that means staying at the forefront of technology, said Howe, senior vice-president of Bell’s wireless technology and chief technology officer.

That was for 2009, not 2010, when Nortel still owned most of the BU's….

Is this site dead now ?

…amen ;>)

Yes!

So much fabricated lawyer's legal jargon! Only them who can interpret

and understand! CCAA? someone should examine this Acts!

And yet can not explain why NORTEL screwed a lot of former employees!

retirees and pensioners!

They will be receiving millions $$$$ after all this.

TWO YEARS TO LIQUIDATE… Nortel business as usual

Manipulation + deception = extensions.

Even after the patents are sold, I hope this forum stays up to provide news and insight into the SEC fraud trials The overworked RCMP and trials are comparatively by far from a competent process in my opinion, especially if Canadian history serves as any lesson to white collar crimes and this is a biggy.

Here, they gag trials and reject mountains of paper while the Dept of Justice after the SEC can sift through it better and faster with hopefully many many more new subpoenas and news to come

… now that will be new and of reader interest! Just as they did with Enron. It ain't over yet. Only Nortel is dead, not the news about Nortel and this is what it is… all about Nortel =)

Theoretically Court approved a PLAN for Nortel to emerge from Ch11. If this had been true and judges had indeed done their job properly knowing the bonus-happy vandals they were facing, a) Nortel would have emerged by now and b) ME's topic re-patents (to be sold or not) wouldn't remain unanswerd to this day…

Just who consulted this firm? I wonder?

Will NORTEL publish how much this firm will be compensated too?

So much millions of dollars seems to be just going to all these

Law Firms? Instead, NORTEL should be settling compensations

to all former employees, retirees and pensioners?

They are bonus happy liars and loophole arttists with big business theatrics and pals. They gag and ultimatum and stall, even secure their position in the event bankruptcy laws are changed. …endless and prfoundly asrounding they can collectively operate this way after what I feel was the largest mass orchestrated fraud in the world.

“Analogous to Bre-X” and bigger than Enron but exponentially more sinsiter. Hiding behind high profilers they pay, enormous legal might and lawsuit insurance, as the entire system backs looting the corpse with priotitized new big business creditor pals Currie solicited in the open markets …pigs at the trough bonuses over their very employees and pensioners where, you are right, this is where the money should have gone first.

They should fight paying them on the grounds that they rewarded printing $2B in over 10% interst bonds, neglecting the largest pension shortfall in Canada in their bonds application ( a loophole closed immediately thereafter) with these agreeable creditors pals who get paid first now, folowed by rewarding another $2B in dilutive notes where they haven't even liquidated ($3B) what they printed alone here under ch 11/ but really like ch7 loophole! Profoundly astounding and evidently endless misleading, legal tyranny and scandal. What can the moral majority do even after forced inquisitions, amid so many loopholes and big business /legal theatrics with ao many big players.

A good analogy might be, what would happen if you or I slammed a person to death against a telephone pole, fire hydrant, and postal box. I hardly think we would be running for political office. Like the OSC getting paid 4 times more to act contrary to what they are there to do. Lots to fix. We live in primitive times. Make that barbaric.

Anyone else think this has been outsourced to xndxa, too? ;>)

Mike ZariFLOPski !

What PLAN did they really approved?????????

The BONUS PLAN for the top exec?????????? Pity?

The Judges are on the side of the Company! Is this what the CCAA

dictates?

This pretty much says it all:

http://www.telecomtv.com/comspace_newsDetail.aspx?n=46882&id=e9381817-0593-417a-8639-c4c53e2a2a10#

…found the link over at Yahoo (thanks to ntzombi for posting it)

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/threadview?m=tm&bn=89662&tof=1&rt=2&frt=2&dir=b&ri=4039&t=c

http://www.reuters.com/article/idUSSGE6AH0IF20101118?feedType=RSS&feedName=bankruptcyNews&rpc=43

Thu Nov 18, 2010

“In court papers filed late on Wednesday, Nortel said Genband, which agreed to buy its carrier Voice over Internet Protocol and application solutions (CVAS) business for $179.5 million, was looking to reduce the price to $142.9 million by using certain provisions in the sale agreement. “This is a disagreement about the clear terms of the sale agreement – and, in particular, Genband's attempt to disregard those clear terms,” Nortel said.

Last December, Nokia Siemens lost a bid for Nortel's optical networking and carrier ethernet business to Ciena Corp (CIEN.O) following which it received a break-up fee of $22.5 million from Nortel. Nortel claims that Nokia Siemens breached a purchase and license agreement after losing that bid.It was not immediately clear how much Nortel had sought in damages, as many parts of the 15-page lawsuit were kept confidential.”

(Neither Genband nor Nokia Siemens “did not immediately return calls seeking comment.”)

“Rather than attempting to restructure, it is auctioning off its assets in an attempt to pay back creditors.”

(Ironic that Nortel sues yet folds under chapter 11's liberties yet is really operating like under chapter 7)