Post by
Bookworm28 on Jan 31, 2022 12:25pm
$600 Mill for Non-Core Patents
They said non-core patents. If that's the case, the only question that remains is did they get good value? I do like the fact they get a $600 mill cash infusion. No dilution, no additional debt. I'm not a big fan of the CEO's either, but maybe the team at BB that actually put the package together did a 1/2 decent job. We'll see what the market thinks. Personally, I think it was good. Better than having those patents sitting on the shelf for another 'x' years collecting dust.
Comment by
Zaphod on Jan 31, 2022 12:46pm
He also said they'd be licensing them back... So they were just patents sitting on the shelves this is a Nortel they going plunder it and eventually be left with nothing but a bankruptcy. Go RIM WOOHOO