Andre Yoskowitz
17 Apr 2011 1:13
Last week it was reported Nortel would sell all of its remaining 6000 patents and applications to Google for $900 million unless a rival bidder took a shot.
It appears that RIM may be willing to outbid Google, or at least start a bidding war with the search giant. RIM would be part of a consortium including at least "two other mobile phone makers" who will jointly try to outbid Google.
That patents cover wireless, 4G, data networking, optical, voice, and semiconductors.
Nortel has been selling off assets since going bankrupt in 2009.
Once trading as high as $600 a share in the tech bubble of the late 90s, Nortel shares now trade for 3 cents.