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January 15, 2009

Bled

Canadian Nortel Networks, bled dry by bad management, has thrown in the towel. One analyst characterized Nortel as having the trifecta for becoming corporate toast:  "lack of innovation, a lack of understanding their customers and a lack of marketing." Nortel, a heavy patent hitter, has a patent portfolio worth snatching up. This will be just the first of big patent fire-sales as the world slips into the Second Not-So-Great Depression.

Posted by Patent Hawk at January 15, 2009 4:43 PM | Patents In Business