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http://seekingalpha.com/article/146953-what-is-the-value-of-… Nortel (NRTLQ.PK) may be trying to sell its LTE R&D unit to Nokia Siemens (NOK, SI) but there’s a lot of chatter about what’s not part of the deal: some LTE patents. The talk was triggered by a recent estimate from JP Morgan Chase analyst Ehud Gelblum could be worth as much as $2.9-billion in terms of royalty payments. According to LightReading, Gelblum calculates that “if Nortel (or whoever ends up owning the IPR) collects 1% of every relevant LTE device sale price in the coming years (based on the assumption that LTE has a lifespan of 15 years and with a 10% discount rate), the IPR is worth just over $2.9 billion.” The $2.9-billion, however, was poo-pooed by Stuart Carlaw, VIP and chief research officer with ABI Research. He told Telecoms.com that the figure is “somewhat overblown” because he believes Gelblum’s assumption is flawed. “This is disproportionate to their patent holdings and cannot be seen as fair and reasonable. I doubt any other single vendor will be looking for this type of return - even Qualcomm,” Carlaw told Telecoms.com. Putting aside who might be right, the reality is the LTE patents may have a lot of value - just as Nortel’s cash-cow CDMA wireless business has a lot of value that Nokia is getting for a song. This may explain why some investors may be starting to look at Nortel as a fertile opportunity to acquire some attractive assets stuck within a struggling business. Dieses kann erklären, warum einige Investoren beginnen können, Nortel zu betrachten als fruchtbare Gelegenheit, einige attraktive Anlagegüter zu erwerben, die innerhalb eines Kämpfengeschäfts fest sind. Der Bieterkampf startet erst ! |
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| aus der Diskussion: | Der Kampf um Nortel Networks beginnt.Matlin Patterson will mitbieten ! |
| Autor (Datum des Eintrages): | KlausStoertebeker (06.07.09 11:04:31) |
| Beitrag: | 19 von 47 (ID:37522557) |
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