iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$ALU Considers Selling Patents to Raise Cash

Alcatel-Lucent SA (ALU), the French phone- equipment maker considering asset sales to bolster its finances, is weighing a disposal of some secondary patents as the company seeks ways out of a streak of quarterly losses and a shrinking cash pile, its chief financial officer said.

“We can look to monetize that portfolio through licensing, through limited sales if those patents aren’t part of our core and a few other things,” Paul Tufano said yesterday in an interview at a conference organized by Morgan Stanley in Barcelona. “We look at all of the above.”

Alcatel-Lucent, based in Paris, has almost 30,000 patents and 15,000 patent applications pending, Tufano said.

“It’s a broad variety of technologies that we cover,” he said. “It will be hard to find a company with as broad a patent portfolio as ours, so I think it’s very attractive and there’s a lot of interest and there could be a lot of interest from a lot of different sources.” ”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter