Here is the one liner – you are never too big to fail.
Nortel the king of communications at one time is the tamed cat or the tail wagging dog looking for attention (literal of money).
Nortel was a company which drove competition in communication ground up, holding so many patents to its name that 80% of devices and services for communication hold pay loyalties towards it. But today, Nortel has auctioned its 6000 plus more patents.
Are you surprised at who all came to the auctions it was all the big names in IT. Apple, RIM, Microsoft and Google to name the forerunners. The winning bid was three folds of what some analysts, all these big wigs were desperate to get the chunk of change Nortel makes out of these licenses, one of the patents was on the lines of 4G which is driving the cell phone data market right now.
Google backing out at 4 billion dollars took all buy surprise, probably that’s the weak spot of Larry Page the now CEO at google, not as aggressive as Sergie.
The consortium who one the bid consists of, few I know are Ericsson and RIM, the others are still not clear.
This would have good catch for Google, and would have filled a void for them. Well enough of this.
The point is, you don’t deliver for the new world and adapt your legacy strength, you lose or end up being on the block (auction or butchers).
Tags: nortel auction, nortel patents
