
By Maureen O'Gara | Article Rating: |
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April 1, 2012 10:00 AM EDT | Reads: |
7,398 |

AOL has hired Evercore Partners to drum up a buyer for its 800-odd patents as well as drum up some strategic options for the place, according to Bloomberg. AOL shareholder Starboard Value LP claims the patent portfolio might yield upwards of $1 billion in licensing income. They are said to cover Internet advertising, e-commerce and communications services, "foundational" widgetry Microsoft or Google might be interested in. CEO Tim Armstrong recently described the portfolio as "beachfront property in East Hampton." However, Bloomberg talked to patent advisor M-Cam Inc, which said the patents were at best only worth $290 million, nowhere near the ocean. The company's otherwise in a pickle with its dial-up Internet business drying up, advertising growth slow and revenues off. Apparently it hasn't been able to strike a deal with private equity.
Published April 1, 2012 Reads 7,398
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara
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