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Industry committee Mr. Chairman, we'd be happy to do our best to pull together that information.
August 7th, 2009Committee meeting
George Riedel
August 7th, 2009Committee meeting
George Riedel
Industry committee Correct.
August 7th, 2009Committee meeting
George Riedel
Industry committee Again, let me put the world into two buckets, if I could. First, for those assets that we're selling--CDMA, LTE, Enterprise, and the like--the buyer is going to want a set of patents that are predominantly used in those businesses and licences to a field of use to continue to o
August 7th, 2009Committee meeting
George Riedel
Industry committee It's a two-part answer. I'd refer back to what I said in terms of the court document yesterday. The monitor and the courts were satisfied that anybody who wanted to participate in the process and met the criteria was able to. The courts have found that there was no shut-out pheno
August 7th, 2009Committee meeting
George Riedel
Industry committee Go back to the structural challenges that this business faces. You need scale. It's simple, it's straightforward; you need scale. The solution would require some form of consolidating transaction. Is it an acquisition? Is it a partnership? Is it a merger of some type? You actuall
August 7th, 2009Committee meeting
George Riedel
Industry committee We had two different plans. We had an “on our own”, because mergers and acquisitions are never too easy to predict or control. And then, if we could find a partner, what would that look like? So there were two versions of what we were trying to seek.
August 7th, 2009Committee meeting
George Riedel
Industry committee Right. The patents have a long life. Unlike some of the businesses, particularly post-filing where there was great pressure, the patents actually have a value that will continue for quite some time. What we're trying to do is develop a fact-based approach to come back to the cour
August 7th, 2009Committee meeting
George Riedel
Industry committee Again, to go back to what I said earlier, we haven't laid out a process for how we're going to monetize the value of that intellectual property. We're looking at a range of options. We do have the obligation to come back to the monitor and the courts, once we get to that point, t
August 7th, 2009Committee meeting
George Riedel
Industry committee I'd like to make sure I understand your question. There are 2,500 employees who, when this transaction closes, will become Ericsson employees. They will not be part of future asset sales.
August 7th, 2009Committee meeting
George Riedel
Industry committee Again, I'll go back to my statement about maximizing value. Every time we get to an asset transaction, it creates an equation around intellectual property--patents that get assigned to businesses, patents that get licensed. The rationale was quite simple: the buyer--remember wher
August 7th, 2009Committee meeting
George Riedel
Industry committee My understanding is that the government has been clear that the test is the book value test.
August 7th, 2009Committee meeting
George Riedel
Industry committee I'll give a three-part answer, then I'll let the Ericsson folks comment directly. The day they announced the transaction in their investor briefing, they did comment that there were no plans to consolidate operations between Montreal and Ottawa. Again, that's their public statem
August 7th, 2009Committee meeting
George Riedel
Industry committee I'm simply guided by the law. And the way the law reads today—correct me, counsellor—that's the interpretation.
August 7th, 2009Committee meeting
George Riedel
Industry committee No. It's a CDMA transaction with LTE development and a licence for LTE patents, but no LTE patents are being sold as part of that transaction.
August 7th, 2009Committee meeting
George Riedel