The Nortel Patent auction , which is scheduled later this month, has managed to gather a massive interest amongst the prospective bidders and the buyers. Google Inc. has already set the starting bid at a whopping $900 million.Well the Patent and Asset management experts says that Nortel Patent Portfolio can successfully manage several billion dollars by offering a massive patent portfolio with 6000 patents which encompasses wide range of technologies employed in Wired or Wireless communication, Semiconductors , Social and Data networking, Internet search etc.
The sales process is undertaken by a Chicago based law firm named Global IP Law Group. Well, this is definitely a big opportunity for just a two year old IP firm to start venturing into this terrain. Patents and other Intellectual property assets require a great deal of research and work to finally arrive at a money valuation that is substantial and in relevance with the market standards. The traditional methods of Pre and Post money valuations based on assets and market value of the securities or the companies, cannot be equally applied in case of Intellectual Property like Patents. After all Patents are exclusive rights valid for a certain period of time within which the inventors or the creators can license such technologies for monetization.
Apart from that, The Nortal Patent Polio offers great technologies based on next generation mobile data, which could be a plus point for the firms or companies based on telecommunication and IT based business models. Hence, the bid winner will certainly have a bright business future by gaining access to this patent portfolio.
(Image by Wilson Souza)
