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Tag Archives: bankruptcy
NRPC Disappointed with Judge’s Decision
Not surprisingly, Nortel Retirees and Former Employees Protection Canada is disappointed with an Ontario judge’s decision to approve a settlement agreement between Nortel and representatives of its retirees, terminated and long-term disabled employees that would have provided retirees and people on long-term disability with “significant concession”, including a “stay of execution” until later in the [...]
Thanks for Coming Out, Pavi
With the sale of Nortel’s optical networking and carrier Ethernet business to Ciena completed on Friday, Pavi Binning has decided the time is right to resign as Nortel’s chief restructuring officer and chief financial officer.
To be honest, there’s really not much left to restructure given the only major assets left are Nortel’s stake in the [...]
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 [...]
Nortel’s Hidden Gem: Blade Network Technologies
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 Network Technologies, which makes data center [...]
Now on the Auction Block, 4K Patents