News tagged with nortel networks

Can Kodak rescue itself via a patent bonanza?

Picture this: Kodak - the company that invented the first digital camera in 1975, and developed the photo technology inside most cellphones and digital devices - is in the midst of the worst crisis in its ...

dateOct 30, 2011 in Business
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Icahn pushes Motorola to turn patents into cash

(AP) -- Shares of cellphone maker Motorola Mobility Holdings jumped to a four-month high Thursday after activist investor Carl Icahn disclosed that he's pushing the company to squeeze profits from its vast patent portfolio.

dateJul 21, 2011 in Business
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Canada won't review $4.5B sale of Nortel patents

(AP) -- The $4.5 billion sale of Nortel's patent portfolio to a consortium including Research In Motion Ltd. cleared another hurdle Tuesday as the Canadian government said the deal does not need to be reviewed under the ...

dateJul 19, 2011 in Business
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Judges in US, Canada approve Nortel patents sale

(AP) -- U.S. and Canadian judges have approved a $4.5 billion cash bid from a consortium that includes smartphone makers Apple and Research In Motion for patents held by bankrupt telecom-equipment maker Nortel.

dateJul 11, 2011 in Business
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CEO of Nortel steps down as company liquidates

(AP) -- Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications company, saying "a natural transition point" has been reached as the company continues to liquidate.

dateAug 10, 2009 in Business
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Courts OK $1.13B sale of Nortel assets to Ericsson

(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.

dateJul 28, 2009 in Business
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London 2012 replaces sponsor Nortel with Cisco

(AP) -- London Olympic officials on Friday replaced bankrupt Canadian technology sponsor Nortel Networks with Cisco for the 2012 Games, a move that will cost organizers $19.4 million in revenue.

dateJul 10, 2009 in Business
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Nortel to sell itself off in pieces

(AP) -- Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

dateJun 20, 2009 in Business
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