And So the Case Begins…

489 days ago      From: All About Nortel      
Did the Nortel Three cook the books or not? It’s question a lot of people been waiting a long time to know. It may take months before the allegations against Frank Dunn, Doug Beatty and Michael Gollogy are proved either way but the chief prosecutor, Robert Hubbard, opened his arguments by making it clear that [...]

Don’t Forget the Bigger Picture

491 days ago      From: All About Nortel      
As the trial begins today involving the Nortel Three – Frank Dunn, Michael Gollogly and Doug Beatty – it’s important not to forget the bigger picture: the demise of Nortel as Canada’s flagship high-tech company, the thousands of people that it used to employ, and the billions of dollars in shareholder value that evaporated. As [...]

Tough Times for the Nortel Three

493 days ago      From: All About Nortel      
With the trial involving fraud allegations against the Nortel Three – Frank Dunn, Doug Beatty and Michael Gollogly – slated to start Monday (although there is a defense motion that may delay it), it was interesting to read a story by the Ottawa Citizen’s James Bagnell about the financial woes of the three executives. Describing [...]

Fewer Charges for You, Nortel Three!

496 days ago      From: All About Nortel      
With a trial slated to start on Monday in Toronto, the Crown lawyers going after the Nortel Three – Frank Dunn, Doug Beatty and Michael Gollogly – have dropped four of the seven charges against each of them. The Crown said the charges were eliminated because they were similar to other charges. The Nortel Three [...]

The Crown’s Case Against the Nortel Three

497 days ago      From: All About Nortel      
If you’re interested in getting a better handle about case against Frank Dunn, Michael Gollogy and Doug Beatty, here’s the court document filed with the Ontario Superior Court of Justice. The National Post’s Drew Hasselback provides a good summary of the charges, which were laid after Dunn, Gollogy and Beatty allegedly cooked the books to [...]

Now, the Fun Begins for Ex-Nortel Execs

498 days ago      From: All About Nortel      
Four years after they were charged, a trio of ex-Nortel executives – Frank Dunn, Michael Gollogy and Doug Beatty – will finally see their day in court. According to the Toronto Star, Justice Frank Marrocco is scheduled to preside Thursday over motions, including those by the defence, in an open-court hearing at the Superior Court [...]

Nortel Pensioners Get Pinched

676 days ago      From: All About Nortel      
You figure that after selling its patent portfolio for $4.5-billion, Nortel pensioners would have nothing to worry about. Wrong. Instead, 12,000 pensioners recently received notification that their there will be cutback in benefits. This will reduce benefits by 18% for non-union employees in Ontario. Employees who worked outside Ontario will see cuts of 31% (non-union) [...]

Now Ottawa to Review Nortel Sales?

684 days ago      From: All About Nortel      
It’s either sad, mystifying or ironic that only after the last part of Nortel has been sold – the 6,000 patents that were purchased for $4.5-billion last week – that Ottawa has decided to conduct a review. According to the Toronto Star, Industry Minister Christian Paradis has requested staff to see if the deal complies [...]

Nortel’s $7-Billion Bankruptcy Booty

689 days ago      From: All About Nortel      
Three cheers for George Riedel! Who’s George Riedel and why should we be excited? Well, he’s Nortel chief strategy officer, who has overseen the company’s assets sales after CEO Mike Zafirovski abandoned ship in the wake of the disappointing and puzzling decision to surrender rather than fight on. Now that the sale of Nortel’s 6,000+ [...]

Nortel Goes Out With a Bang

690 days ago      From: All About Nortel      
If you’re going to close the door, why not do it with a huge bang? Nortel certainly did it in spades with the auction of its 6,000+ patent portfolio that raised a whopping $4.5-billion. The winning bidder was a consortium that includes Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony. It was interesting to [...]

Google Asset Sale Approved

749 days ago      From: All About Nortel      
Looks like Google is one step closer to acquiring Nortel’s patent portfolio for $900-million. In a press release, Nortel said today it had obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the “stalking horse” asset sale agreement with Ranger I

Google Agrees to Buy Nortel’s Patents

777 days ago      From: All About Nortel      
Just when you thought All About Nortel had gone into permanent hibernation, we’re back for a special guest appearance. How come? Google has entered into a stalking horse agreement to buy Nortel’s patent portfolio, the last piece of the company’s one-time telecom empire. In a deal worth $900-million, Nortel will transfer its remai

Nortel Patent Portfolio on the Block

891 days ago      From: All About Nortel      
It’s been awhile since I did a post on All About Nortel but figured that a “guest” appearance is warranted as the final piece of the Nortel empire – its extensive patent portfolio – goes on the block.According to Reuters, final bids are due within weeks, including its much-coveted 4G wireless patents. Among the compan

Now on the Auction Block, 4K Patents

1100 days ago      From: All About Nortel      
One of the last assets within the Nortel portfolio finally appears to be on the block as the company is exploring the sale of its patent portfolio. According to reports, Nortel is looking at whether to sell the portfolio or transform into into a licensing entity. The decision will be based on whether Nortel can [...]

RIP, Nortel Norstar

1108 days ago      From: All About Nortel      
This post originally appeared on Jeff Wiener’s The Telecom Blog. Thanks to Jeff, who heads up Digitcom, for his permission to re-pint it on AAN.Over my 19 years in the Telecom business almost everything has changed, as telecom technology continues to advance at a rapid rate. One of the things that had never changed, however, [...]

Nortel’s Cupboards Almost Bare of Assets Now

1126 days ago      From: All About Nortel      
I had intended not to spend too much time on AAN with my consulting business rocking and rolling but I’ll take a hall pass with Ericsson’s plans to spend US$242-million to buy Nortel’s 50% + 1 stake in LG-Nortel Co., Nortel’s joint venture with LG Electronics – one of ex-Nortel CEO Bill Owens’ few successes.R

Nortel Goes Down, Bonuses Go Up

1126 days ago      From: All About Nortel      
Do you think the crew upon the Titantic would have received big bonuses if any of them had survived? After all, they did prove that it was possible to sink the unsinkable, and some people did manage to live.Well, Nortel seems to be intent on rewarding its senior executives for taking the S.S. Nortel down [...]

Bankruptcy Protection Ad Nauseum

1130 days ago      From: All About Nortel      
Who knew it could take so long to completely dismantle a company. Even though Nortel has been in bankruptcy protection since January, 2009, it has requested and received approval to extend its protection until July 22.Even though Nortel has raised more than $3-billion from selling assets, it still has $4.5-billion of long-term debt, as [...]

All About Nortel Starts to Wind Down

1141 days ago      From: All About Nortel      
As many of you have probably noticed, AAN hasn’t been that active recently. Part of it has to do with the fact the amount of news coming out of Nortel has dropped considerably, which is understandable given there aren’t many assets left in the portfolio. As well, my digital marketing and social media consulting business, [...]

Nortel Sells U.K. Wireless Unit

1145 days ago      From: All About Nortel      
Nortel has sold a wireless unit in Harlow, England to Wireless Technology Laboratories Ltd., a subsidiary of Ace Technologies Corporation. Nortel acquired the Harlow laboratories, originally Standard Telecommunications Laboratories, in 1991 and used the site for R&D. It was the site of Charles Kao’s research in fibre optic communication

NRPC Disappointed with Judge’s Decision

1149 days ago      From: All About Nortel      
Not surprisingly, Nortel Retirees and Former Employees Protection Canada is disappointed with an Ontario judge’s decision to approve a settlement agreement between Nortel and representatives of its retirees, terminated and long-term disabled employees that would have provided retirees and people on long-term disability with “significan

Long-Term Disability Employees Lose Deal

1149 days ago      From: All About Nortel      
A controversial $57-million deal struck last month between Nortel and employees on long-term disability has been tossed out by an Ontario Superior Court of Justice judge because it is “flawed” and unfair to other Nortel creditors.Judge Geoffrey Morawetz rejected the deal, which would have extended health and long-term disability benefi

Bo Gowan is Alive, Well and Blogging

1155 days ago      From: All About Nortel      
Bo Gowan, who wrote Nortel Buzzboard blog, has launched himself back into the blogosphere with a new blog for Ciena called “Ciena Insights”. Editors’ Note: Bo, is that the best they could do? According to Bo’s first post, Ciena has a few goals for the blog. “We have a few goals for this blog. [...]

Thanks for Coming Out, Pavi

1156 days ago      From: All About Nortel      
With the sale of Nortel’s optical networking and carrier Ethernet business to Ciena completed on Friday, Pavi Binning has decided the time is right to resign as Nortel’s chief restructuring officer and chief financial officer.To be honest, there’s really not much left to restructure given the only major assets left are NortelR

A Link (edIn) to Mike Z?

1159 days ago      From: All About Nortel      
During Mike Zafirovski’s reign as Nortel’s president and chief executive, I never got the opportunity to interview him. Not that it was terribly surprising given Nortel’s struggles and the fact AAN was probably a thorn in his side but it wasn’t for a lack of trying or requests.Given the distance between Mike Z. and I, [...]

Ericsson Reportedly Buys LG Stake

1160 days ago      From: All About Nortel      
Ericsson is reportedly buying Nortel’s 50% + 1 stake in the Nortel-LG joint venture – a move that, if accurate, meant that LG didn’t exercise its right of first refusal. The deal was reported by the Seoul Economic Daily’s Web site today. Whether the deal has been consummated is unclear as LG said nothing has [...]

Nortel Posts Q4 Results; No One Cares

1163 days ago      From: All About Nortel      
Nortel posted its fourth-quarter and 2009 results a few days ago but given the company is heading towards extinction, the results are a non-event.There were a few interesting tidbits after sifting through through them:- Nortel plans to registration of its common stock under the Act shortly and suspend its obligations to file periodic reports [...

Nortel’s Hidden Gem: Blade Network Technologies

1171 days ago      From: All About Nortel      
With the Nortel Garage Sale nearly complete, the last major assets on the table are the 50.1% stake in the Nortel-LG joint venture and the 3,000+ patent portfolio, which includes the much-coveted LTE patents.There is, however, another valuable asset that has escaped the spotlight: Nortel’s minority stake in Blade Network Technologies, which

U.S Trustee Balks at Bonuses

1175 days ago      From: All About Nortel      
It looks like the incentive bonuses that Nortel wants to give to its remaining employees over the next two years may turn into a battle.According to BusinessWeek, acting U.S. Trustee Roberta DeAngelis is objecting to the $55.6 million of retention and incentive payments for 866 employees, describing them as “extraordinary”.The payments

A Note from Genband CEO Charlie Vogt

1180 days ago      From: All About Nortel      
Now that the sale of Nortel’s carrier VoIP and applications business has been sold to Genband for $183-million, Genband CEO Carlie Vogt sent a note to the employees involved in the deal:Greetings from GENBANDAn open letter to employees of Nortel’s Carrier VoIP and Application Solutions businessOn behalf of GENBAND, our management team and Bo