Nortel patent play?

14.05.2010
A published report says is shopping around its remaining patent portfolio, but the company won't confirm the rumor, saying only that it is trying to "maximize the potential" of them.

The on the Wall Street Journal Web site says the company is seeking bids under NDAs so secret those who sign them aren't allowed to say they've signed them.

A spokeswoman for Nortel wouldn't comment on the story, but says the company has announced its intent to maximize the value of the patents as part of the bankrupt company's attempt to pay back its creditors as much as possible of what it owes them.

The spokeswoman says the company's next filing with the Security and Exchange Commission reads, "No decision has been made as to how to realize the value of our patent portfolio, whether through sale, licensing, some combination of the two or other alternatives."

These patents include Nortel's long-term evolution (LTE) technology that is one option for broadband wireless service networks.