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SAN FRANCISCO, April 4 (Xinhua) -- Google Inc. on Monday announced that it is bidding for patent portfolio1 of Nortel Networks in the bankruptcy2 auction3 for the Canadian telecommunications equipment maker4.
In a press release, the Toronto-based Nortel said Google has agreed to buy all of its remaining patents and patent applications(应用运用) for 900 million U.S. dollars in cash.
Nortel, which filed for bankruptcy protection in 2009, expects the auction to be held in June this year, pending5 Canadian and U.S. court approvals.
Nortel has selected Google's bid as the "stalking-horse bid," or the starting point against which others will bid prior to the auction.
The agreement with Google includes the planned sale of about 6, 000 Nortel patents and patent applications spanning wireless6, wireless 4G, data networking, optical, voice, Internet, service provider and semiconductors7.
According to Nortel, the patent portfolio touches nearly every aspect of telecommunications and additional markets, including Internet search and social networking.
"This is an unprecedented8 opportunity to acquire one of the most extensive and compelling patent portfolios9 to ever come on the market," George Riedel, Nortel's chief strategy officer, said in a statement.
Google argued that the bid would help protect it from patent litigation and foster innovation.
The technology industry has recently seen an explosion in patent litigation, often involving low-quality software patents, which threatens to stifle10 innovation, Kent Walker, Google's general counsel, said in a blog post, believing the best defense11 against such litigation is to have a "formidable patent portfolio. ""So after a lot of thought, we've decided12 to bid for Nortel's patent portfolio in the company's bankruptcy auction," he said.
点击收听单词发音
1 portfolio | |
n.公事包;文件夹;大臣及部长职位 | |
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2 bankruptcy | |
n.破产;无偿付能力 | |
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3 auction | |
n.拍卖;拍卖会;vt.拍卖 | |
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4 maker | |
n.制造者,制造商 | |
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5 pending | |
prep.直到,等待…期间;adj.待定的;迫近的 | |
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6 wireless | |
adj.无线的;n.无线电 | |
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7 semiconductors | |
n.半导体( semiconductor的名词复数 ) | |
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8 unprecedented | |
adj.无前例的,新奇的 | |
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9 portfolios | |
n.投资组合( portfolio的名词复数 );(保险)业务量;(公司或机构提供的)系列产品;纸夹 | |
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10 stifle | |
vt.使窒息;闷死;扼杀;抑止,阻止 | |
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11 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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12 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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13 noted | |
adj.著名的,知名的 | |
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