Intel Also Cleared to Bid on Nortel Patents
The U.S. Federal Trade Commission has given Intel the green light to participate in next week's auction of Nortel patents. Nortel is selling off a trove of some 6,000 patents to satisfy bankruptcy obligations. The patents in question cover 3G/4G wireless, internet, voice, data and optical networking, semiconductors, and other assorted technologies. Antitrust regulators have already cleared Apple to participate in the auction. RIM is also interested in the auction. Google has already made a $900 million bid for the patents. The auction is scheduled to begin Monday, June 27.