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Tuesday, July 5, 2011

TECH WORLD: Google suffers major blow in Nortel patent loss!

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July 4, 2011 ./ IANS, Toronto / DC.

Google suffers major blow in Nortel patent loss

Google, which initiated the bidding war for precious Nortel patents in April, has suffered a huge blow with an Apple-led consortium walking away with 6,000 patents for $4.5 billion last week.
The bidding process for 6,000 patents and patent applications began in April, with Google offering a $900-million stalking horse bid.
Apart from Apple, BlackBerry maker Research In Motion (RIM), Microsoft, Ericsson, Sony and EMC make up the winning consortium.
According to analysts, the patent auction is a big blow to Google as the search engine was willing to pay any price to beef up its bank of patents, which is the smallest among major wireless players.
As Google is also involved in more than 45 patent lawsuits, the biggest against any major player it wanted Nortel patents badly to protect itself against such lawsuits in the future.

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