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Articles tagged with: Ptc and Bankruptcy
Nortel Pensioners Seek Resumption of Benefits Payments
..ding 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 bankruptc more
Related Tags: , sim, nortel, lawyer, Canada
Spansion and Samsung Settle Patent Litigation Lawsuit:
.. 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, Spansion file 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
..impelCom 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 inflicte more
Related Tags: eu, ict, tim, telenor, vimpelcom, farimex, Norway
Nortel Exec - Will Consdier Bids for the Company Divisions
..on 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 carrier 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
Nortel Networks has received authorisation from the Canadian and US Bankruptcy courts to pay bonuses of US$45 million to its staff and managers. Eight of the executives will share up to US$7.3 million between them, as part of an overall US$23 million bonus program for 92 senior managers. A further US$22 million has been earmarked for 880 key employees. more
Related Tags: eu, iden, nortel, mike-zafirovski, hawaiian-telcom, lawyer, Canada
RIM Looking to Hire Thousands of New Staff in 2009
..ortel 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 Canadian Pres more
Related Tags: nokia, iphone, apple, wind, nortel, gartner, rim, research-in-motion, nortel-networks, Canada
Nortel Considering Break-Up of the Company
..ntly 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 component div 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
..rm 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 phone m 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
..ertain 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). Bell is more
Related Tags: eu, virgin-mobile, mvno, circuit-city, bell, Canada
Nortel Networks Reports $2.14 Billion Loss for Q4
..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 US$97 more
Related Tags: nortel, nortel-networks, tax, Canada