Google Inc. v. Rockstar Consortium US LP et al
Declaration of Kristin J. Madigan in Support of 30 Google Inc.'s Opposition to Defendants' Motion to Dismiss or Transfer filed byGoogle Inc.. (Attachments: # 1 Exhibit 1, # 2 Exhibit 2, # 3 Exhibit 3, # 4 Exhibit 4, # 5 Exhibit 5, # 6 Exhibit 6, # 7 Exhibit 7, # 8 Exhibit 8, # 9 Exhibit 9, # 10 Exhibit 10, # 11 Exhibit 11, # 12 Exhibit 12, # 13 Exhibit 13, # 14 Exhibit 14, # 15 Exhibit 15, # 16 Exhibit 16, # 17 Exhibit 17, # 18 Exhibit 18, # 19 Exhibit 19 - Part 1 of 3, # 20 Exhibit 19 - Part 2 of 3, # 21 Exhibit 19 - Part 3 of 3, # 22 Exhibit 20, # 23 Exhibit 21 - Part 1 of 2, # 24 Exhibit 21 - Part 2 of 2, # 25 Exhibit 22, # 26 Exhibit 23, # 27 Exhibit 24, # 28 Exhibit 25, # 29 Exhibit 26, # 30 Exhibit 27, # 31 Exhibit 28, # 32 Exhibit 29, # 33 Exhibit 30, # 34 Exhibit 31, # 35 Exhibit 32, # 36 Exhibit 33, # 37 Exhibit 34, # 38 Exhibit 35, # 39 Exhibit 36, # 40 Exhibit 37)(Related document(s) 30 ) (Warren, Matthew) (Filed on 2/7/2014) Modified on 2/10/2014 (cpS, COURT STAFF).
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Jan 14, 2009, 7:46am PST
Nortel files for bankruptcy
Nortel Networks Corp., which has a campus on Great America Parkway in Santa
Clara, has filed for Chapter 11 bankruptcy protection and announced an amended
agreement with Flextronics Inc.
The Toronto, Canada-based maker of telecommunications hardware had $107
million in debts coming due this week. Nortel had been exploring bankruptcy for
more than a month.
Nortel’s (NYSE:NT) business has cratered as telecommunications carriers cut
spending to deal with the recession. Nortel booked a $3.4 billion loss in the third
quarter, compared with a $27 million profit in Q3 2007.
Its share price was down more than 97 percent in 2008, and has been stuck
below a dollar per share for weeks. The New York Stock Exchange issued a delist
warning notice to Nortel last month for having a share price below the $1
"Nortel must be put on a sound financial footing once and for all," said Nortel
President and CEO Mike Zafirovski. "These actions are imperative so that Nortel
can build on its core strengths and become the highly focused and financially
sound leader in the communications industry that its people, technology and
customer relationships show it ought to be."
The application under the CCAA will be heard by the Ontario Superior Court of
Justice. The voluntary petitions under Chapter 11 were filed with the United
States Bankruptcy Court for the District of Delaware. Nortel expects to be in a
position shortly to provide an update regarding the consequential filings by
certain of its EMEA subsidiaries.
Nortel affiliates in Asia, including LG Nortel and in the Caribbean and Latin
America, as well as the Nortel Government Solutions business, are not included in
the proceedings and are expected to continue to operate in the ordinary course,
the company said.
In addition, the company will request the courts to impose certain restrictions on
trading common shares and Nortel Networks Limited's preferred shares in order
to preserve tax assets in the United States.
The company also announced that NNL has entered into an amendment to
arrangements with its key supplier, Singapore-based Flextronics Inc., which has
U.S. headquarters in San Jose. "These amendments give NNL confidence that
Flextronics will continue to maintain the supply chain following commencement of
the proceedings noted above. Under the terms of the amendment, NNL has
agreed to purchase $120 million of existing inventory by July 1, 2009 and to
make quarterly purchases of other inventory and to terms relating to payment and
pricing ... Certain arrangements with Flextronics will terminate in July of 2009 as
a result of the exercise by Flextronics of its termination rights under such
agreement, while the other arrangements between the parties will continue in
accordance with their terms, as amended."
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