Nortel Buzzboard

This morning Nortel announced that it had set a competitive handset royalty rate of about one percent (1%) subject to terms for its 3rd party use of its portfolio of LTE standards-essential patents.  In essence, this means that Nortel will would receive 1% of the sales price for any LTE-enabled handsets as a royalty for the use of Nortel’s LTE standards-essential patents and intellectual property (IP). 

[5/8/08 - Note: Nortel legal asked that that I update the above paragraph as shown to make sure my discription was completely accurate to the situation.]

Nortel has been at the developmental forefront of foundational 4G LTE technologies for more than 10 years, and is a key innovator in OFDM, MIMO, …

Read the rest of this entry »

Nortel CEO Mike Z (center in yellow jacket) bikes for charity during Tour Nortel on May 4

Yesterday, May 4th, was the 11th annual Tour Nortel charity event in Ottawa. Nortel employees and many others around Ottawa tuned up their bikes, dusted off their roller blades, and set off on scenic courses through the city.

This year the event had one particularly enthusiastic entrant, as Nortel CEO Mike Zafirovski participated in his first Tour Nortel. Mike Z is an avid athlete who has been known to go jogging with groups of employees when …

Read the rest of this entry »