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Articles tagged with: Bankruptcy and Ptc
Nortel Pensioners Seek Resumption of Benefits Payments
.. including severance pay and pension supplements. Nortel ceased the payments when it went into bankruptcy protection and is claiming that they are unsecured claims and will have to be paid out of any proceeds left when the firm emerges from ban more
Related Tags: , sim, nortel, lawyer, Canada
Spansion and Samsung Settle Patent Litigation Lawsuit:
..ter 11 filing, the agreement is subject to approval by the bankruptcy court. The agreement is contingent upon the dismissal of the claims and the satisfaction of certain conditions including bankruptcy court approval. In November 2008, Spansio more
Related Tags: , semiconductor, flash-memory, samsung, ict, ovi, iden, patents, spansion, international-trade-commission, memory, samsung-electronics, mp3, flash, USA
Telenor Served with $1.7 billion Demand by Norwegian Bailiff
..d in VimpelCom in 1998. At that time VimpelCom was close to bankruptcy with only 130,000 subscribers. Today VimpelCom has close to 60 million subscribers and we pride ourselves of having contributed extensively to that success. The only loss in more
Related Tags: eu, ict, tim, telenor, vimpelcom, farimex, Norway
Nortel Exec - Will Consdier Bids for the Company Divisions
..deration to any offers to buy divisions in the company as it restructures under court approved bankruptcy protection. "We will go through the process of having those discussions," Bruce Gustafson, vice president of strategic marketing for the ca more
Related Tags: nokia, wall-street-journal, iden, nortel, nokia-siemens-networks, nortel-networks, siemens, nokia-siemens, Canada
Nortel Gets Permission to Pay $45 Million in Staff Bonuses
..als, including court approval for its restructuring. The company is currently in bankruptcy protection after losing nearly US$7 billion since 2005, although it has cash reserves of US$2.4 billion. The US Bankruptcy Judge Kevin Gross approved t more
Related Tags: eu, iden, nortel, mike-zafirovski, hawaiian-telcom, lawyer, Canada
RIM Looking to Hire Thousands of New Staff in 2009
..irm, Nortel Networks is cutting some 3,200 additional jobs as it tries to exit bankruptcy protection. 'This is the easiest time to say 'I have to be very careful and wind down my investments,"' he said in a recent interview with The Canadia more
Related Tags: nokia, iphone, apple, wind, nortel, gartner, rim, research-in-motion, nortel-networks, Canada
Nortel Considering Break-Up of the Company
.. currently working through a restructuring may seek to break itself up rather than emerge from bankruptcy protection as a whole company. Citing people close to the issue, the Wall Street Journal said that the firm is in talks to sell it compone more
Related Tags: nokia, wall-street-journal, nortel, nokia-siemens-networks, siemens, nokia-siemens, Canada
Telecom Equipment Market Expected to Suffer a Sharp Downturn in 2009
..the firm to file for bankruptcy. Handset market also feeling the squeeze The economic slowdown is also likely to increase its impact on mobile phone sales. IDATE remains ‘quite optimistic' over the outlook for 2009, and states that the mobile p more
Related Tags: 3g, nokia, motorola, eu, cisco, ict, itu, huawei, zte, ericsson, nortel, seven, idate, siemens, alcatel-lucent, nokia-siemens, chipset, alcatel
Bell Canada Buys Electronics Retailer
.. and certain of its U.S. subsidiaries voluntarily commenced bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code and The Source commenced a voluntary proceeding under the Companies' Creditors Arrangement Act (CCAA). Be more
Related Tags: eu, virgin-mobile, mvno, circuit-city, bell, Canada
Nortel Networks Reports $2.14 Billion Loss for Q4
.. with a net loss of $844 million a year earlier as the firm struggles to restructure itself in bankruptcy protection. The losses includes a reduction of the deferred tax asset of US$951 million, a write-down of $1.2 billion, special charges of more
Related Tags: nortel, nortel-networks, tax, Canada