Joff Wild attended the Nortel session at the annual LES USA and Canada meeting and walked away with two distinct impressions:
- Without early and detailed input of IP management and valuation advisors, the Nortel auction probably would never have occurred. Education about the value of IP was necessary on both the buy and sell sides of the transaction.
- The world for IP managers will be divided into BN and AN, Before Nortel and After Nortel. “People who could not have cared less about IP six months ago now want to know all they can. Opportunities that were not there BN now exist.” Wild further believes history may look upon the Nortel sale as the “tipping point” for IP management.