Tom Sweeney

It's a coming of age tale….

The difference in Government procurement vehicles

Posted by sweens on December 2, 2009

Maybe it is a good thing, but apparently I am at the point in my blogging life where I am able to take requests.  So here is one, where we can look at the different Government procurement vehicles and how they work.  I would like to focus on the following:

  1. Task-Based Informatics Professional Services (TBIPS)
    1. Standing Offer
    2. Supply Arrangement
  2. Temporary Help Services (THS)
  3. Standing Offer(s)
  4. PS Online

I would like to focus on these because they are the ones that I more commonly see in my day-to-day grind. 

1.  Task-Based Informatics Professional Services (TBIPS)

TBIPS is the newest form of procurement vehicle the Government is using and it was brought in to replace the existing procurement vehicles (THS, GOL, PS Online, etc).  While the transition to TBIPS has been rocky for many departments, more and more departments are becoming familiar with how it can be used.  TBIPS certainly appears to be the procurement vehicle of choice.  It is better then THS as its dollar maximum is much higher then THS is and it allows for a contract to have options years.  This allows an organization to bring in a resource for a length of time and takes away the need for continuing to renew the same resource over and over again.  The important thing to note about TBIPS is that each firm who is qualified under TBIPS has submitted a ceiling rate for each category and they are unable to exceed this rate.

1.a) TBIPS has two categories, the first being the Standing Offer (SO) which means that the department looking to hire a resource picks the category and then goes to the lowest priced firm and works its way up until it finds a firm who can supply the resource at their ceiling rate or lower. 

1.b) The second category is the Supply Arrangement (SA) which is where multiple firms (no less then three) are invited to compete against each other  for the same position.  Firms will bid separate resources and usually the lowest cost-per-point candidate is chosen to fill the contract.

2. Temporary Help Services (THS)

Was probably the most common procurement vehicle until TBIPS came around!  The challenge with THS is that the value of the contract can not exceed $89000 so if you have a high priced resource, $89000 does not gone a long way in keeping that resource on-site for a while.  The good thing about THS is that your rates are not set in stone and you can adjust them accordingly.  If you know of an up-coming THS requirement, you can increase or decrease your rate in order to accommodate your client or your candidate.

3. Standing Offers

They are slowly no longer being issued as TBIPS was supposed to replace them and give everyone a fair chance at filling any contract position.  How they work is that a department would issue an RFP for a supply arrangement and would pick as many firms as they felt necessary and used only those firms who qualified to select their contract resources.  It is like using the same 10 companies every time and having them compete against each other.  This allows for good relationships to be formed between the client and the firm however it could also back fire.

4. PS Online

PS Online is interesting in that candidates need to be pre-approved to be on PS Online.  Categories are defined with specific skill sets and your candidate(s) must have those particular skills in order to be deemed compliant in that category.  Only candidates who were pre-approved at the time of the requirement can be submitting and closed against any open PS Online Requirement.

I hope this helps you get a better understanding of how consulting firms procure contract resources into the Government.  It can be tricky to wrap your head around it.  I am still learning on a daily basis.

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Brainhunter Embarks on Restructuring Plan

Posted by sweens on December 2, 2009

Dec 02, 2009 08:45 ET

Brainhunter Embarks on Restructuring Plan

Interim financing and bid process provide continuity

 TORONTO, ONTARIO–(Marketwire - Dec. 2, 2009) –

 THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION TO CANADIAN INVESTORS ONLY

 The Board of Directors of Brainhunter Inc. (TSX:BH) (“Brainhunter or the Company”) announced today that it has authorized the voluntary filing under the Companies’ Creditors Arrangement Act (“CCAA”) for the Company and certain of its principal subsidiaries seeking, among other things, a stay of proceedings against the Company. This means that, with the supervision and protection of the Court, Brainhunter will continue to operate normally while it engages in a process to either sell its business or restructure its liabilities and operations. As one of Canada’s leading technical staffing companies, Brainhunter is continuing all of its current operations during this restructuring process. 

 Over the past months, Brainhunter, its Board of Directors (the “Board”) and financial advisors have conducted an extensive review of strategic alternatives for addressing the Company’s debt obligations. After thorough consideration of all alternatives, the Board initiated this action in the best interests of the Company’s clients, contractors, employees, creditors and other stakeholders. 

 Chairman of the Board Don McCreesh said today, “Brainhunter’s success is rooted in the strong relationships with our clients and contractors, and we have asked the court to grant this order so that we may continue to deliver the high level of service our clients have come to expect from us.”

 An important element of the filing is a Debtor in Possession (“DIP”) interim financing facility, provided by TD Bank. This financing commitment will ensure sufficient liquidity for the continued engagement and compensation of contractors and employees, and therefore uninterrupted service to Brainhunter’s valued clients. Further, the Company will be asking the Court to approve payment of all pre-filing obligations to its contractors and for a charge on its assets to further protect the contractors.

 Brainhunter’s Board of Directors has also received and accepted a ‘Stalking Horse Bid’ from CEO Raj Singh, which has the support of the senior management team. The Company will subsequently be asking the court to approve this bid as part of a court-supervised bid process. The Stalking Horse Bid is effectively an offer to acquire the business as a going concern. It will act as a reserve bid against which other potential parties can also bid for the Company’s assets or offer to sponsor a restructuring plan. This ensures at least one viable and expedited outcome from the restructuring process and the continuation of the Company’s business without disruption of service to its clients.

 Brainhunter, like many Canadian companies, has been financially challenged by the general economic downturn. The decision to file under the CCAA was taken after considerable efforts to recapitalize the Company and reduce corporate overhead. McCreesh added, “We regret that this could not be resolved outside the scope of a Companies’ Creditors Arrangement Act process. However, we believe that a court-supervised process is the best course of action and will clear the way to implement a long-term, viable solution.” 

 As part of the formal legal requirements of this restructuring, the Company has proposed that Deloitte & Touche Inc. be appointed by the Court as Monitor to provide oversight and supervise the CCAA process.

 Brainhunter specializes in the provision of staffing solutions (contingent staffing, managed staffing, permanent staffing and staffing software solutions) to major companies and governments in Canada and the United States. Currently, the largest part of the business is providing IT and engineering staffing consultants, on a contract basis, to major companies and government entities in Canada. The Company also sells recruiting related software including applicant tracking systems (“ATS”) and vendor management software (“VMS”). Brainhunter deploys over 1,500 contractors with an internal staff of over 160 personnel. Operations are ISO 9001:2000 Certified.

 http://www.marketwirecanada.com/press-release/Brainhunter-Inc-TSX-BH-1084618.html

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Reaching 10000 LinkedIn Connections

Posted by sweens on December 1, 2009

Today I reached 10000 LinkedIn connections and I must say that I am rather proud of this accomplishment.  While you may think that social networking is not really a task, I would argue otherwise.  It took a fair amount of time and work to grow my network to that size.  It is the time associated with having a network of that size which makes it time consuming.  I am believer that you get out of life what you put in to it and social networking is the same.

I have relied on my network on more than one occasion, especially when it comes to growing this blog and it has always amazed me and the feedback I have received from people who I do not have a face-to-face relationship with per say.  It has been important for me, and obviously others to give back to my network and support them.

I would encourage anyone to grow their network and use it to its fullest extent because it really can be such a beneficial tool.

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Sourcing Campaigns

Posted by sweens on November 25, 2009

My firm recently started sourcing campaigns where we are going to target a specific type of candidate or technology for a month and try to find as many people as we can.  We have made it into a bit of a contest within the office and have dangled a small carrot at the end of it.  My personal opinion is that this is a good idea however I would caution any firm to stress the focus of the campaign. 

 The primary focus still needs to be recruiting the regular orders.  The sourcing campaign is something that should be done for a small portion of the day or during some downtime.  You would not want your recruiters to stop sourcing their real positions for a sourcing campaign that may not pay any immediate dividends.

 Does anyone else have any ideas or tactics their office uses this way?

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Interesting times lie ahead for Procom’s Ottawa office

Posted by sweens on November 20, 2009

 While the effects of the recession are still in full force for the Ottawa IT market, some of Ottawa’s private sector companies are continuing to grow while others are still downsizing.  Ottawa’s unique blend of public and private sector IT business has helped mask the true effects that the recession has had on the city.  The large Government presence in Ottawa has continued to push forward with new IT projects but it has also begun to cut the budgets on some existing projects.  This has caused many IT consultants who were supporting projects to be back on the market looking for new contracts.

Labour market conditions in Ottawa have been fluctuating recently due to outside factors changing the shape of IT contracting and the vision of IT projects.  Many of our clients continue to push for contracting rate reductions as they look to get more production for less money these days.  The swine flu craze has caused the Government to throw more money at this issue which has forced them to create new projects and initiatives in the on-going effort to combat this issue.  We are continuing to experience growing pains with Government procurement methods as the push for full TBIPS compliance by all Government departments changes the landscape of procurement into the Government. 

Over the last few months we have seen increased levels of IT positions as Government employees returned from summer vacations and started getting their Q3/Q4 projects underway.  Over the last few weeks we have seen many departments looking to hire consultants prior to the Christmas break in an effort to staff their projects and hit the ground running as we enter 2010.

The Procom Ottawa office is really looking forward to sinking its teeth into the public sector once 2010 rolls around as many Government departs will look to spend their remaining budgets prior to their fiscal year end.  As we have seen many projects begin prior to the holidays we expect to see many supporting roles emerge following the holidays as our clients look for the go-to resources they are going to need to make these projects take flight.

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White paper looks at why Canuck tech firms are “disappearing”

Posted by sweens on November 6, 2009

By Ottawa Business Journal Staff
Wed, Oct 14, 2009 11:00 AM EST

Canada is wasting the productive lives of “many brilliant and courageous knowledge workers, and losing large sums of money doing it.”

At least, that’s the hypothesis of a white paper released Wednesday morning by Toronto-based Impact Group, which aims to answer the question of why Canadian technology firms are “disappearing.”

Using interviews with former CEOs and investors from 18 R&D performing companies no longer part of Canada’s business landscape, Impact says it discovered that 10 of the 18 firms became insolvent with the other eight disappearing through merger or sale. In five cases, those mergers or sales were profitable, it added.

The extinct firms, however, shared a number of characteristics, Impact said:

- A lack of commerce competence through poor customer engagement;

- Preoccupation with technology and idea-driven R&D “often resulted in a large R&D team with… an unsustainable burn rate”;

- Dysfunctional governance, including lack of shared goals between management and the company’s board of directors, and a lack of enterprise experience among investors.

“While Canada is second to none in technology, there is a significant lack of commerce skills among our technology entrepreneurs”, says Douglas Barber, founder and former CEO of Gennum Corp. and now a distinguished professor-in-residence at McMaster University, in a statement supplied by Impact Group.

“Companies often find themselves dependent on U.S. and other foreign nationals for executive talent especially for customer-facing experience and skills. If we are to succeed, the notion that technology coupled with sufficient venture capital will lead to success in the knowledge economy must be complemented by a deeper understanding of the human dimensions of enterprise and of the value exchange that is commerce.”

 

 Available at – http://www.ottawabusinessjournal.com/295648957466126.php

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It’s tough being a recruiter…

Posted by sweens on October 30, 2009

I find it tough being a recruiter sometimes! I do not mean because the job is demanding or the stress is insurmountable; but rather that sometimes, it is easy to be torn between the needs of your company and the needs of your candidates. As a recruiter I feel a direct tie to my candidates and that essentially I am their agent. I take on the responsibility of marketing them in a way that best represents their own needs as well as protects the needs of my company.

I recently spoke to a candidate who is displeased in their contract. The rate was not overly generous and I think the work environment might have been a little mundane at times. When they called me to explain why they were leaving prematurely, I could not help but agree with them. Every reason they came up with was accurate from their point of view and I could not help but think that if I was in that position, I would be doing the same.

Is this a normal feeling for recruiters?

I certainly did not put my company in a vulnerable position and suggest that the candidate was misrepresented – because they were not. The candidate was given all the facts before they signed up but it just was not a win-win situation for everyone involved.

I also found myself in a situation where I was working off limited information about the project and the client. This has ultimately comes around and proven to be a problem. As I mentioned before, sometimes when a recruiter recruits a positions for a system integrator, all the facts just are not there.

Very frustrating! Anyone else in the same boat??

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ResuWe

Posted by sweens on October 27, 2009

Has anyone heard of this service yet?  I was catching up on some blogs recently and discovered this service called Resuwe.  Their information page contains the following information:

We are experienced recruiters constantly reviewing resumes on a daily basis. We know what works from a company’s perspective and also see the most common mistakes firsthand. So often we are helping job seekers tweak the content and formatting of their resume to suit the requirements of employers.

Why Resuwe? We decided to launch ResuWe as a way to help job seekers quickly and easily optimize their resumes to improve their chances of successful employment. We also are excited to blend our expertise as recruiters to make a truly interactive resume optimization and job search site.

Many aspects of a resume and the job search process remain the same over time yet so many aspects change and evolve at a rapid rate. ResuWe is geared to preserve the traditional job search techniques like a clean well formatted resume, a custom cover letter, top interview tips, yet incorporate the most effective cutting edge tools including a web based resume, online profile, social media, and resume optimization.

So far the site seems to have some good content but I have yet to try their service.  They also have a blog titled Fight Unemployment which may be worth checking out.  I have included the link here and have added it to my blog roll as well.

Any feedback or comments anyone has would be appreciated….

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$13 an Hour? 500 Sign Up, 1 Wins a Job

Posted by sweens on October 22, 2009

By Michael Luo
Published: October 21, 2009
BURNS HARBOR, Ind. — As soon as the job opening was posted on the afternoon of Friday, July 10, the deluge began.

C.R. Engliand, a nationwide trucking company, needed an administrative assistant for its bustling driver training school here. Responsibilities included data entry, assembling paperwork and making copies.

It was a bona-fide opening at a decent wage, making it the rarest of commodities here in northwest Indiana, where steel industry layoffs have helped drive unemployment to about 10 percent.

When Stacey Ross, C. R. England’s head of corporate recruiting, arrived at her desk at the company’s Salt Lake City headquarters the next Monday, she found about 300 applications in the company’s e-mail inbox. And the fax machine had spit out an inch-and-a-half thick stack of résumés before running out of paper. By the time she pulled the posting off Careerbuilder.com later in the day, she guessed nearly 500 people had applied for the $13-an-hour job. “It was just shocking,” she said. “I had never seen anything so big.”

Ms. Ross had only a limited amount of time to sort through the résumés. While C. R. England has not been immune to the downturn, it has added significantly to its stable of drivers and continued to hire office staff members to support them. Ms. Ross was also trying to fill more than two dozen other positions.

The 34-year-old recruiter decided the fairest approach was simply to start at the beginning, reviewing résumés in the order in which they came in. When she found a desirable candidate, she called to ask a few preliminary questions, before forwarding the name along to Chris Kelsey, the school’s director. When he had a big enough pool to evaluate, she would stop. Anyone she did not get to was simply out of luck.

She dropped significantly overqualified candidates right away, reasoning that they would leave when the economy improved. Among them was a former I.B.M. business analyst with 18 years experience; a former director of human resources; and someone with a master’s degree and 12 years at Deloitte & Touche, the accounting firm.

Over the course of four days, Ms. Ross forwarded 61 résumés to Mr. Kelsey, while rejecting 210 others. The remainder never even got a look. Many were, in fact, never uploaded to the company’s internal system because there were too many.

Just before the advertisement was removed, a standard one-page résumé arrived from Tiffany Block, 28, who lived in nearby Portage and had lost her job four months earlier as an accounts receivable manager at a building company when it closed its Indiana office.

Someone she knew had applied for the job and had said so on Facebook. Ms. Block went to the company’s Web site and filed an application online, which many others had not. By doing do, her application went directly into the company’s system. She was hardly optimistic, since she had not had an interview in months.

Ms. Ross, however, passed it on the next day to Mr. Kelsey.

Attendance at Mr. Kelsey’s school has surged during the recession. Mr. Kelsey, 33, had just promoted one of his three administrative assistants, who handle the paperwork needed for drivers to hit the road. He needed a replacement quickly.

The overwhelming response astonished him. He asked Cheree Seawood, one of his current assistants, to go through the résumés and help pick out several to interview. To make the task easier, he decided they should be even more rigorous in ruling out anyone who appeared even slightly overqualified. Mr. Kelsey, an ardent New England Patriots fan, compared his personnel strategy to the team’s everyman approach.

“We like to get the fair and middling talent that will work for the wages and groom them from within,” he said.

In other words, he said, he did not want the former bank branch manager Ms. Ross had sent, or the woman who had once owned a trucking company, or even the former legal secretary.

He also realized that in this climate he could afford to be extra picky and require trucking industry experience.

The company eventually settled on eight people to interview, inviting in the first two just five days after the job was posted.

In the past, Mr. Kelsey had mostly ad-libbed interviews, but this time he asked his company’s human resources department for help. They sent him a list of 13 questions, as well as an eight-page packet with 128 questions grouped under 50 “competencies.” He decided he would ask them all.

At the end of each hourlong interview, he and Ms. Seawood each jotted down a rating for each applicant and then compared them.

Invariably, the candidates’ job search travails came up. One woman who lost her job had started working as a waitress and confessed she had come directly from her job on the overnight shift.

But Mr. Kelsey resolved to keep his personal sympathies at bay. “If you start judging applicants on want or need, eventually that want, or need, will go away when they get the job and their financial situation stabilizes,” he said. “Then you’re left with whatever skills they have.”

Before Ms. Seawood called Ms. Block to schedule an interview, she had been getting increasingly depressed.

“I felt like, I’m 28 years old, and I don’t have a job,” she said. “What am I doing with myself?”

But Mr. Kelsey was immediately impressed when she came in on the second day of interviews. Dressed in a conservative business suit, Ms. Block patiently answered all of the 100-plus questions. Mr. Kelsey liked that she remained consistent in her answers and showed independence.

Afterward, Mr. Kelsey gave Ms. Block a 9; Ms. Seawood rated her at a point lower.

The next week, however, Ms. Seawood gravitated to a different candidate. The woman had just had nose surgery and came in wearing a protective mask. Besides her qualifications, the fact she had not tried to postpone impressed Ms. Seawood.

But when Mr. Kelsey invited the woman back, the interview was a disaster. She grew visibly irritated amid his battery of questions.

Mr. Kelsey immediately called Ms. Block to ask if she could come in for a second interview.

Was an hour from now too soon?

Momentarily panicked, Ms. Block quickly assented.

Mr. Kelsey marched through many of his questions again. Then, trying to gauge her ability to be assertive among truck drivers, he added a new hypothetical: if she were in the stands at a baseball game and a foul ball came her way, would she stand up to try to catch it, or wait in her seat and hope it fell her way?

The other finalist had said she would wait. But Ms. Block said immediately that she would jump up to grab it.

Mr. Kelsey decided he had found his hire.

http://www.nytimes.com/2009/10/22/us/22hire.html?_r=1&hpw

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Not looking for a job? Great. Not hearing about jobs? Why not?

Posted by sweens on October 19, 2009

I am pretty confident that if there was one thing that I could get consensus on it would  be that everyone hates searching for jobs. (If you are currently looking for a job, glad you are on my site)

The frustration of resume writing, interview prepping insecurity or trouble of not having a job is not the best experience. So when you finally get a job, most likely, you don’t want to go back to that god-forsaken process of searching again.

 If you are not looking for a job, I think that’s great –-you’re the type of candidate that recruiters love to know. You either, love your job and don’t want to leave, or you do not mind your job and you do not want to look for something else. Mind you, what I do not understand is why some people do not want to even hear about job opportunities. You may say that you are open to it, but are you? When is the last time you were offered a job when you were not looking for one? When someone offered you a job, did you stop and take note? Do you know how much your position goes for in another organization? Are you putting yourself out there to be found? 

 Whether or not youare the happiest person at your job, you should never runaway from hearing about potential jobs.

Why?
• You should always, always, know how much you are worth. Even if you love your job, knowing what someone else would pay you gives you extra leverage at your current job
• You might think that you have the best job, but what if an even better job is around the corner?
• You will never have to go back to the grind of actively searching again – you can just transfer from one job to the next without searching
• You always know that you are valued somewhere else

You never know the better option until you at least open yourself up to it…

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Put yourself out there and be found!

Posted by sweens on October 15, 2009

I have taken it upon myself to do a lot of research on the recruitment industry and if there was one thing that popped up over and over again it was this message:  if you want the right job to come to you, put yourself out there!

 I am sure this sounds obvious to most of you. But when you really start to think of it, how “out there” are you?  Is your resume on Workopolis? Do you have a LinkedIn account? What about a Facebook account? Do you have a blog? A website? Is your name on published documents?

 I am not saying that you should join every social network or post your resume on every site but I am saying that you should think about your own presence online. The fact of the matter is, if you are a talented and skilled worker in the tech industry, you should definitely make yourself available to be found. The labour industry is facing some incredible challenges and companies are always looking for talented people. But, those opportunities won’t always come your way if you are hiding in your office cubicle.

 It should also be said that recruiters are always vying for that coveted passive candidate, which means we are desperately looking for that person that is not looking for us.  So, hate to break it to you, but if you are the kind of person that applies incessantly to job offers, you are not exactly putting yourself out there in a way that gets results. You are better off making a name for yourself on LinkedIn writing comments on blogs and even joining “Talent Pools” for specific industries (jobs that go to you). The point is, get your ideas, your achievements, your personality posted in areas that will be seen and opportunities might just come knocking on your door.

 You would be surprised how many candidates, both passive and active, have been turned on to new opportunities which were made possible by the powers of social networking, and the ability to be found.  So, there you have it: make yourself known, make yourself accessible and make yourself found.  What is the worst thing that could happen??

**Article inspired by Jane and Marta**

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What’s Your LinkedIn Strategy?

Posted by sweens on October 14, 2009

Ask yourself: “What’s my LinkedIn strategy?” If nothing comes to mind, it could mean one of two things – either you lack a personal strategy for using LinkedIn or you’re not a LinkedIn user at all – worse yet, you’ve never even heard of it. Whichever category you might belong to, you need to get yourself out of it, join the masses, and create a brand for yourself online. Here’s why:

 Before I started my job here at Procom, not only was I absent from LinkedIn, but I was also an avid boycotter of all social networks, excluding Facebook. I didn’t like the idea of being “found” online, nor did I see the point of spending countless hours chatting virtually with friends that were really just a phone call away. As much as I wanted to believe that my “offline presence” strategy was benefiting me (by allowing me to be more productive with my time), it was actually doing me harm because as valuable personal and professional relationships were being formed online, I was being left behind to contemplate my “productivity gains”.

 After much deliberation, I decided to swallow my pride and join the millions of Facebook users and LinkedIn professionals, the latter network having provided me with countless career opportunities and valuable professional contacts from around the globe.  Just the other day, I was “InMail-ed” by a fellow Procom employee (whom I had never even met) for an interesting opportunity regarding my interest in hockey (details available to the public only through my LinkedIn profile). Thus my LinkedIn strategy is actually quite simple (as can be yours!):

  1. I have 100% Profile Completeness
  2. I am constantly connecting – be it with past colleagues; current friends; or contacts for future opportunities
  3. I include keywords in my profile that allow me to be “found” (ironically enough)

 Since having accepted social networking as a part of my life, I have not only recruited several individuals to join LinkedIn, but I myself have been “recruited” by others – something that my ‘real’ social network is unable to do for me – how can you compare your circle of personal contacts and friends with a rapidly expanding global network of 12million+ professionals? You can’t. Young or old, job-seeker or not, everyone out there needs to embrace social media and make themselves visible to the masses. And what better place to do it than the World Wide Web! Ignoring the power of social networking because the concept is overwhelming to you will leave you struggling to communicate in the very near future. Get out of your comfort zone and create a brand for yourself on the Web – don’t get stuck communicating the way people used to – start communicating the way people do today, for better opportunities tomorrow.

**Article inspired by Jane and Marta**

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Nortel to auction carrier networks division without initial bid

Posted by sweens on September 22, 2009

By Ottawa Business Journal Staff

Tue, Sep 22, 2009 3:00 PM EST

Nortel Networks Corp. has decided to auction off its carrier networks business and, unlike its previous division sales, is doing it without a “stalking horse” bidder this time.

The ailing telecom firm said its principal operating subsidiary, Nortel Networks Ltd. and its U.S. subsidiary Nortel Networks Inc. are planning to sell by auction the assets of its carrier networks division associated with the development of next-generation packet core network components.

The assets consist of software to support the transfer of data over existing wireless networks and the next generation of wireless communications technology, and include relevant non-patent intellectual property, equipment and other related tangible assets, the company said.

The purchaser will likely also get a non-exclusive licence of relevant patent intellectual property, Nortel added in its release.

The announcement marks the third Nortel business to be sold off since the company filed for bankruptcy protection in early 2009. However, this auction process is slightly different from the previous deals as it does not include an initial “stalking horse” bidder with a firm offer.

Bids will be accepted for the carrier networks business until the deadline of Oct. 16, with the auction to take place two weeks later.

The federal government on Sept. 17 gave the green light to the $1.13-billion sale of Nortel’s wireless business to Ericsson, and the company is now awaiting the final approvals for the $900-million sale of its enterprise solutions division to auction winner Avaya, which was also the “stalking horse” bidder for the business.

http://www.ottawabusinessjournal.com/295481941870324.php

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