Nortel reported a third-quarter profit of $4.06 billion for its most recent quarter. Unfortunately, the income came most from asset sales, such as its $4-billion plus deal with a consortium led by Apple and Microsoft to buy a large patent portfolio.

Overall, Nortel now has $7.6 billion in “restricted” cash and $792 million in other cash, the company said in its latest quarterly financial report.

The bulk of the cash is “restricted” as bankruptcy proceedings determine which creditors will get what proceeds.

A year ago, Nortel reported a quarterly loss of $649 million.

Nortel once employed several thousand people at a campus in RTP.

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