Clock's Ticking for Google (GOOG) Following Missed Nortel Bid
Tweet
Share
E-mail
Get Alerts GOOG Hot Sheet
Join SI Premium – FREE
Google's (Nasdaq: GOOG) new CEO Larry Page will be going into the weekend happy.
Following reports today that the Mountain View, CA-based search giant won a bidding war for Nortel Networks porfolio of 6,000 patents, Page will surely...what's that?
Google didn't win? Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) got the patents? Well, that's not good news for Page.
In arguably the first big miss for Page, Google failed to capitalize on the opportunity for a mountain of intellectual property. Now, the search giant will be targeted even further as rivals gain the rights to thousands of key technology innovations.
And don't think for one second that they won't seek litigation for infringement.
The ever targeted Google may want to revamp its litigation team, or set up a new, dedicated facility on its campus for lawyers and experts, because things could get really messy from here on out.
But, there's still time for Google. Both U.S. and Canadian regulators will be taking a look at the bids, paperwork, patents, and everything else...a process that could last months.
Nortel said that it's hoping to close the deal in third-quarter of 2011. You've been warned, Larry, and now's the time for redemption.
Following reports today that the Mountain View, CA-based search giant won a bidding war for Nortel Networks porfolio of 6,000 patents, Page will surely...what's that?
Google didn't win? Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) got the patents? Well, that's not good news for Page.
In arguably the first big miss for Page, Google failed to capitalize on the opportunity for a mountain of intellectual property. Now, the search giant will be targeted even further as rivals gain the rights to thousands of key technology innovations.
And don't think for one second that they won't seek litigation for infringement.
The ever targeted Google may want to revamp its litigation team, or set up a new, dedicated facility on its campus for lawyers and experts, because things could get really messy from here on out.
But, there's still time for Google. Both U.S. and Canadian regulators will be taking a look at the bids, paperwork, patents, and everything else...a process that could last months.
Nortel said that it's hoping to close the deal in third-quarter of 2011. You've been warned, Larry, and now's the time for redemption.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley sees AI financing as defining summer 2026
- Apple Trains Its Own AI Model For China Market With Alibaba's Support- Reuters
- Apple to change ad tracking rules after German probe
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
