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Industry committee  Yes, that was part of my opening remarks. It was a process that was driven to derive value. It was certainly closely monitored in the U.S. and Canada. Obviously, for all parties involved, the process was followed. I think it was deemed by the presiding judges to be fair to all, and we agree with that opinion.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  Not that I am aware of. I mean, there was a solid process put in place. Obviously it was a very closely monitored activity in both the U.S. and Canadian courts. We were one of a few companies that complied with all the agreements that had to be signed to participate in the auction, and that's the way the process was run.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  Again, I can talk about what we have done here over the many years we've been in the market—the jobs we've created, the innovation, the billions of dollars that have been invested in innovation here in Canada, the affiliations with the universities, the community service that we've done.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  I won't comment on any particular asset, but any asset that we feel is complementary and advantageous for us to look at, we will look at.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  CDMA, as I think we discussed, is something that's existing in the market and is maturing. It's a technology that needs to be maintained, because it is a large telecommunications service, especially in North America. So those patents are there, they're done, and I don't think there's work to do on patent improvements when it comes to CDMA technology.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  I'll make a couple of comments, first on the Investment Canada Act. I believe, because this is a sale of assets and there is no enterprise, that it's not explainable under that part of the act either. But I'm not counsel--

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  When it comes to patents, it's a very good question: how long is the term of the lease of the patent? I said earlier I think it's perpetual, but I could be wrong. Maybe Richard could address that.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  We don't become a licensee. We get to use the technology but--

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  After the acquisition is complete and the employees are part of Ericsson, if new patents are developed they will be Ericsson patents.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  Exactly. And I think there was a valid comment earlier that we have to understand that these technologies, LTE included, are based on open standards. It's why these patents are openly licensed. It's not just Ericsson that is developing LTE; there are many vendors out there that are competing.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  In Vancouver, we have about 190 people in research and development. Again, that was an acquisition—a U.S. acquisition—that Ericsson made, but the research and development is being conducted in British Columbia out of that innovation cell. In Mississauga, it is mostly the sales and marketing, terrestrial engineering, and project management.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  The splits in Montreal?

August 7th, 2009Committee meeting

Mark Henderson

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  First of all, I'll make one comment. In acquisitions of this nature in the technology field, it's quite common to see purchase prices and book value vary by a factor of 10. I would say that's quite a common practice. I think we have to remember that although the book value assets are calculated the way they are, we heard commentary today that there's a lot of other intrinsic value that's put behind those, including the existing CDMA business, that entire customer base.

August 7th, 2009Committee meeting

Mark Henderson

Industry committee  I'll let Mr. Peladeau answer that one.

August 7th, 2009Committee meeting

Mark Henderson