Nortel may sell its patents for 1.1 billion dollars

Beijing time May 26 Evening news, according to foreign media reports, the bankruptcy protection of the Nortel network will be possible to sell its technology patents to raise 1.1 billion U.S. dollars to repay creditors.　　Analysts say rim is one of the potential buyers. Nortel filed for bankruptcy protection in January 2009 after a 2008-year loss of $5.8 billion.　　The company then started auctioning off its business, while the patent was one of the few assets left to be auctioned off. Peter Conley, a VC company MDB Capital Group, points out that, according to the U.S. Patent and Trademark Office, Nortel currently has 4,489 patents and 963 patents in Pitt Canly. Nortel's technologies are mainly used to provide data support for smartphones in wireless networks.　　Conley said the patents would be perfect for rim, the BlackBerry maker. Conley also pointed out that such a large number of patented assets is not common. "This is equivalent to acquiring all the intellectual property rights of a large technology company, which is very valuable if it can be bought in 1 billion dollars," he said.　　Ehud Gelblum, JP Morgan analyst Ehud Golblum, said the news that Nortel had raised 2.8 billion of billions of dollars by selling assets was no doubt a boon to its creditors for the sale of its patents. Nortel has said this month that it has started collecting quotations for its patents. Jamie Moody, a spokesman for Nortel, said the company was evaluating how to "maximize the value of its patents" and consult with "Jemie Mudy" companies to understand their interests. Jemie declined to disclose the names of the companies involved in the negotiations. Rim's spokeswoman declined to comment. (Zeng Mu)