Alcatel-Lucent (ALU -3.4%) is still eying patent sales as a way to raise needed cash, says CFO...
Friday, November 16, 2012, 1:59 PM ETAlcatel-Lucent (ALU -3.4%) is still eying patent sales as a way to raise needed cash, says CFO Paul Tufano. Alcatel, which has nearly 30K issued patents and 15K pending patents, tried working with RPX (RPXC) earlier this year to monetize its IP, but that deal didn't go as planned. Reuters previously reported Alcatel is thinking of selling its declining submarine optical networking and enterprise phone businesses, moves Goldman estimates could raise up to €400M ($509M).
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