Tech Heavyweights Worried About Sale Of Nortel's 6000 Patents

Microsoft, along with a few other tech heavyweights including Nokia, Motorola and Hewlett Packard, have raised serious objection to the proposed auction of Nortel Networks’ patent portfolio.

According to a Reuters report, the software giant from Redmond, Washington raised the issue in a lawsuit with the Delaware bankruptcy court. Apparently, Microsoft wants existing agreements over the use of Nortel's patents to be transferred to the purchaser of Nortel’s intellectual property comprising of over 6000 patents.

"Microsoft wants any new owners of the Nortel patents to be subject to Nortel's existing commitments to Standards Setting Organizations and to Microsoft," the company said in a statement, CNET reports.

"By making this filing, Microsoft preserves its ability to raise this issue with the bankruptcy court in the event the final buyer of the Nortel assets seeks to disclaim any of these commitments,” it added.

The patent portfolio is officially scheduled to go up for auction on Monday. According to reports, Google is offering over $900 million to buy out this extensive collection of intellectual property belonging to the once shining, now bankrupt telecom equipment maker from Canada.