Tag Archives: bankruptcy

Nortel Patent Portfolio on the Block

By Mark Evans | Published: December 11, 2010
It’s been awhile since I did a post on All About Nortel but figured that a “guest” appearance is warranted as the final piece of the Nortel empire – its extensive patent portfolio – goes on the block. According to Reuters, final bids are due within weeks, including its much-coveted 4G wireless patents. Among the [...]
Posted in M&A | Also tagged , | 229 Comments

Now on the Auction Block, 4K Patents

By Mark Evans | Published: May 17, 2010
One of the last assets within the Nortel portfolio finally appears to be on the block as the company is exploring the sale of its patent portfolio. According to reports, Nortel is looking at whether to sell the portfolio or transform into into a licensing entity. The decision will be based on whether Nortel can [...]
Posted in Financials, Technology | Also tagged , , , | 342 Comments

Bankruptcy Protection Ad Nauseum

By Mark Evans | Published: April 17, 2010
Who knew it could take so long to completely dismantle a company. Even though Nortel has been in bankruptcy protection since January, 2009, it has requested and received approval to extend its protection until July 22. Even though Nortel has raised more than $3-billion from selling assets, it still has $4.5-billion of long-term debt, as [...]
Posted in Financials | Also tagged , | 29 Comments

NRPC Disappointed with Judge’s Decision

By Mark Evans | Published: March 29, 2010
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 [...]
Posted in Financials, Legal Issues | Also tagged , , | 21 Comments

Thanks for Coming Out, Pavi

By Mark Evans | Published: March 22, 2010
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 [...]
Posted in Executive Suite | Also tagged , , | 7 Comments

Nortel Posts Q4 Results; No One Cares

By Mark Evans | Published: March 15, 2010
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 [...]
Posted in Financials | Also tagged , | 29 Comments
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