Posts tagged “Nortel”

October 13, 2016

Premium Lock Nortel settles $7.3B asset fight but needs courts' approval

Nortel, which went bankrupt in 2009, has reached an agreement under which the $7.3 billion in assets would be divided among its various business units. The deal could mean more money for retired workers and creditors. However, the long battle is not over since the agreement must receive court approval.

Nortel's former R&D HQ in Ottawa Nortel's former R&D HQ in Ottawa

Tags: Nortel
May 13, 2015

Premium Lock Judges divide $7B in bankrupt Nortel assets, but is nightmare over?

Judges in the U.S. and Canada on Tuesday ruled on how to divide the more than $7 billion in assets from bankrupt Nortel Networks. After years of legal wrangling it appears the economic disaster that rocked the Triangle and cost thousands of jobs could finally be drawing to a close. Or is it?

Nortel's former RTP campus Nortel's former RTP campus

December 24, 2014

Premium Lock Bankrupt Nortel's legacy - its patents - sold by consortium for $900M

Nortel A group led by Apple and Microsoft has sold about 4,000 technology patents once held by bankrupt Nortel to patent management company RPX Corp. for $900 million.

September 23, 2014

Premium Lock Cisco execs sell $19M in shares; Nortel trial nears end; GSK launches 2 startups; Salix $100M settlement; AT&T Amazon bundle

Bulldog In today's wrapup of tech and life science news: Several Cisco executives sell $19 million in shares; Nortel's huge bankruptcy trial nears end; GSK launches two startups; Salix reaches a $100M settlement; and AT&T's new entertainment bundle includes Amazon Prime.

August 1, 2014

Premium Lock Twitter tests new hastags; Nortel pensioners fight deal; ChannelAdvisor-Yahoo deal; T-Mobile's new bidder

Bulldog In today's wrapup of technology news: The Wall Street Journal says Twitter is testing new hashtags; Nortel pensioners don't like bankruptcy deal; ChannelAdvisor makes a deal with Yahoo; French firm bids for T-Mobile.

June 26, 2014

Premium Lock China firms turn on IBM, EMC; Cree-Walgreens deal; Google removing some results; Nortel bankruptcy update

Bulldog In today's Bulldog wrapup: Chinese firms are turning away from IBM, Oracle and EMC; Cree makes a deal with Walgreens; Google begins removing some search results in Europe; and Nortel's bankruptcy case drags on.

January 8, 2014

Premium Lock SAS to tout 'Big Ideas;' Sony TV service; Quintiles' new deal; Nortel settlement; Yahoo touts ads; Twitter co-founder's startup

Bulldog Our Bulldog blog wrapup of the latest technology news: SAS has big plans for the National Retail federation show; Sony plans Internet-based TV service; Quintiles strikes info deal with Georgia firm; judge OKs Nortel deal; Yahoo unveils new services; Twitter co-founder launches new photo app.

Updated January 7, 2014

Premium Lock BlackBerry returns to keyboards; $50M in biz for PowerSecure; Twitter stock tumbles; Apple's latest buy; Nortel patents sold; LenovoEMC's new server

Bulldog Our Bulldog blog wrapup of the latest technology news: BlackBerry is returning to its keyboard roots; PowerSecure books $50M in new business; Morgan Stanley says sell Twitter shares; Apple buys photo app startup; a group of Nortel patents is sold; LenovoEMC unveil a new server targeting smaller businesses.

December 18, 2013

Premium Lock Nortel to pay $75M to settle retiree claims in Europe

Nortel bankruptcy  The settlement is one of several Nortel has struck this year as it moves to liquidate some $7.5 billion in assets it secured through liquidation of assets following the declaration of bankruptcy in 2009.

December 10, 2013

Premium Lock Bankrupt Nortel's assets to be allocated by courts, not in arbitration

Nortel bankruptcy  How $7.5 billion assets will be allocated among the various Nortel companies and their creditors will be decided by courts, not in arbitration, according to a Dec. 6 ruling from the U.S. Court of Appeals in Philadelphia.

Updated October 2, 2013

Premium Lock Fidelity 'very comfortable' with security at former Nortel campus

Fidelity Investments Fidelity Investments says that it won't discuss security at the former Nortel campus in RTP where it runs a large campus. But a spokesperson tells WRALTechWire the company is "very comfortable" with its facilities despite reports that Nortel's former headquarters in Canada was riddled with electronic bugs. Meanwhile, the Nortel "bugging" story takes a major turn.

Updated October 1, 2013

Premium Lock Canada may not occupy former Nortel HQ due to electronic 'bugs'

Workers preparing the former headquarters complex of bankrupt Nortel Networks in Ottawa, Canada, have discovered that the complex had been bugged by Chinese spy gear. As a result the Canadian Department of Defense may not move in. The report amplifies previous stories that Nortel had been hacked for years by Chinese operatives as part of an industrial espionage campaign.

Nortel's former R&D HQ in Ottawa Nortel's former R&D HQ in Ottawa

Tags: Nortel
Updated August 13, 2013

Premium Lock Canada tech tragedy, the sequel? Can BlackBerry avoid Nortel's fate?

Nortel's former R&D HQ in Ottawa BlackBerry's decision to consider takeover offers is fueling speculation that investors could band together to keep the company in Canadian hands, avoiding the national embarrassment that followed Nortel Networks Corp.'s failure four years ago.

July 17, 2013

Premium Lock Disabled Nortel workers win fight for severance pay

Nortel bankruptcy  Some 200 disabled Nortel workers have scored a legal victory over their former employer, which went bankrupt and is liquidating its holdings. The workers earlier had won a nearly $27 million settlement for other benefits.

Updated April 29, 2013

Premium Lock Why did Nortel fail? Veteran reporter gets the inside story

So why did Nortel go bankrupt, causing 8,000 job losses in RTP alone? James Bagnall, the associate business editor of The Ottawa Citizen who followed Nortel closely for years, explains how a "rush to judgment" in 2001 sealed the fate of the former telecom giant.

Going inside Nortel's failure Going inside Nortel's failure

April 2, 2013

Premium Lock Judge OKs Nortel's $67M settlement with U.S. retirees

Nortel A bankruptcy judge in New Jersey gave his approval Tuesday to a $66.9 million settlement between bankrupt Nortel and its retired U.S. employees.

March 11, 2013

Premium Lock No end to Nortel saga soon: Trial planned for fall

Nortel Judges in the Nortel bankruptcy case have decided to bring the debate over some $9 billion in assets to trial this fall.

Tags: Nortel
Updated March 8, 2013

Premium Lock Judges to decide Nortel asset settlement with joint trial

Nortel Judges in Delaware and Canada have decided to settle claims for bankrupt Nortel's estimated $9 billion in assets through a joint trial.

Tags: Nortel
Techwire Inside Partners
The Skinny: A Blog by Rick Smith