Take Stock – August 25

Swedish telecom giant Ericsson is licensing Nortel patents for advanced wireless technology that will be used in cellphone networks. Ericsson Canada CEO Mark Henderson says even though Ericsson has acquired Nortel’s wireless unit, Nortel still owns the patents.

Ericsson licensing Nortel wireless patents

Swedish telecom giant Ericsson is licensing Nortel patents for advanced wireless technology that will be used in cellphone networks. Ericsson Canada CEO Mark Henderson says even though Ericsson has acquired Nortel’s wireless unit, Nortel still owns the patents. Henderson says Ericsson has a non-exclusive licensing agreement with Nortel for the duration of the patents. He says that means Canadian-based Nortel could sell or license them to other companies, such as BlackBerry maker Research In Motion.

The patents weren’t part of the Nortel acquisition and Henderson says Ericsson isn’t sublicensing them to anyone else.

Ericsson bid US$1.13 billion for Nortel’s wireless division with its LTE, or Long Term Evolution — technology that is expected to deliver the equivalent of a high-speed home Internet experience on a mobile phone.


Revised aircraft delivery adds ‘flexibility’: Westjet

WestJet (TSX:WJA) says a revised aircraft delivery schedule will help the airline grow capacity between five and 10 per cent in 2010 and give it flexibility to adapt to changing markets until 2016. The Calgary-based carrier said Monday it has rescheduled delivery of 16 aircraft and will buy an additional 14 Boeing 737s to provide for “a smoother aircraft delivery schedule and a more flexible fleet plan.” “Our previously published schedule saw us growing to a fleet size of 121 aircraft by 2013. The combination of deferred delivery dates on our existing orders, 14 new orders and 23 leases expiring between 2013 and 2016 — each with the option to renew — gives us the flexibility to end 2016 with a fleet size between 112 and 135 aircraft,” president and CEO Sean Durfy said. The airline said it placed the order for the 14 more aircraft from Boeing, to be delivered in 2015 and 2016, to offset lease expiries.

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