Apple, Intel among bidders for Nortel Networks: Report

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Apple, Intel among bidders for Nortel Networks: Report

Apple Inc, Intel Corp and Ericsson AB are among the technology giants that will vie with Google Inc to buy patents from bankrupt telecom-equipment maker Nortel Networks Corp, says a media report.

The report said that RPX Corp, a US-based firm that defensively buys up patents on behalf of other companies, was also accepted as a qualified bidder.

Nortel said last week it was delaying the sale of about 6,000 patents by seven days until June 27, citing a "significant level of interest" in the portfolio.

The Nortel patents cover telecommunications technology used in wireless handsets and networks, as well as Internet search, semiconductors and social networking.

In 2009, Nortel filed for bankruptcy after a loss of $5.8 billion, hurt by customers putting off spending on new equipment during the recession.

According to the publication, representatives for Google, Intel and RPX declined to comment. Apple, Ericsson and the Justice Department did not immediately respond to a request for comment.

The move would put Apple in competition with Google Inc. for the 6,000 patents, which could be used in smartphone technology. Google, looking to bolster its Android software, offered $900 million in April in what Nortel said was a starting point for an auction. RPX Corp., a San Francisco-based patent-buying firm, is considering a bid, an attorney for the company said last month.

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