Nokia Corporation (ADR) (NYSE:NOK), in an attempt to stay competitive (and solvent) in the tech world, has been shedding jobs, selling off some of its units and downsizing its vibrant research and development arm – the part of the company that has delivered he most robust patent portfolio in the wireless digital industry.
It is believed that the patents sold revolve around SD cards, flash storage, embedded flash and other memory tech. It is believed that nearly two-thirds of the patents (81 of them) are considered standards-essential patents by the company. Nokia-patented technology is currently being used by 400 worldwide brands in more than 8,000 devices.
Zacks Equity Research wrote in its analysis, “We believe that selling these technological assets will provide a win-win situation for Nokia, as it will profit from Prendell’s expertise in IP strategy and licensing and at the same time reap benefit from its huge investment made in research and development.” These technologies may combine to form a market of about $12 billion by the end of the year, it is estimated.
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