Nortel to end...
Now that the Canadian government has rubber-stamped Ciena’s (CIEN) $769-million purchase of Nortel’s (NRTLQ.PK) Ethernet and optical business, and the carrier VoIP unit is now in play, it doesn’t leave much left on the lawn for the Nortel Garage Sale.
According to a Nortel spokeman (via GigaOm), the remaining assets include the joint venture with LG (LGERF.PK) (Nortel-LG) and the 3,000 or so patents, including the much-coveted LTE patents.
And after their sale, that will be it. There will be noting left – zilch, nada, zippo, zero, nul, nunca. More than 100 years of corporate history will go down the drain, and provides years and years of business school case studies in the process.
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