Alca-Lu Patent Portfolio Could Be Worth $9B, More Than Company - DailyFinance:
"Alcatel-Lucent (NYS: ALU) has lost 30 percent of its stock market value since reporting sales figures last week that failed to meet analysts estimates. The company, which was valued at $100 billion at its peak, is now worth $7.8 billion, having made continuing losses since it acquired Lucent in 2006.
However, Bloomberg revealed that Alcatel-Lucent's patents could be worth double the $4.5 billion that Nortel Networks' licences sold for in a bankruptcy auction in June.
Rather than focusing on Alcatel's money-losing operations, investors should be 'looking at the next piece, which is a very large patent portfolio that has actual value that's being undervalued by the public market,' said Alkesh Shah, an analyst with New York-based investment advisors Evercore, in an interview with Bloomberg. 'The patent portfolio is one of the hidden assets of value that I don't think investors have paid much attention to.'"