NEW YORK (TheStreet) -- Microsoft (MSFT) will have numerous lawyers at the ready during a trial set to start Monday to divvy up the assets of bankrupt Nortel Networks, formerly the largest maker of telephone equipment in North America.
Following Nortel's bankruptcy filing in 2009, Microsoft teamed up with Apple (AAPL) and Sony (SNE), under the joint venture Rockstar Consortium, to purchase more than 6,000 of its patents for $4.5 billion. In the Nortel trial, creditors are arguing over the funds raised in that patent sale among other auctions.
Presiding judge Kevin Gross will defer questions of confidentiality on patent-related documents to Microsoft and Rockstar lawyers throughout the trial. The trial is scheduled for five weeks in the U.S. Bankruptcy Court of the District of Delaware.
Separately, TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."