techrevu Logo with link to Main Page  
Kodak Eyes Chapter 11: Patent Sale Or Bust by Larry Dignan, Kodak, The Wall Street Journal News  ISBN/ITEM#: CM120104PATENTS
Date: 04 January 2012

Links: Blog Entry / Kodak Press Release / The Wall Street Journal Article /

When the the New York Stock Exchange (NYSE) informed the Eastman Kodak Company that it was receiving a continued listing standards notice as a result having an average closing price of the Company's common stock was less than $1.00 per share over a period of 30 consecutive trading days, it convinced Kodak management to take drastic steps for the company to survive. Apparently this includes putting their 1,100 patents up for sale in order to raise $1 billion in debtor-in possession financing.

From release/information:

Eastman Kodak is prepping for a Chapter 11 bankruptcy filing that could put an interesting twist in the patent wars.

According to the Wall Street Journal, Kodak is looking for $1 billion in debtor-in possession financing, which keeps companies running in a restructuring, with the idea that it would sell its 1,100 patents in an auction.

In other words, Kodak is betting that it can land capital like Nortel Networks did - via a bankruptcy court auction. Kodak is trying to sell the patents to avoid a bankruptcy filing.

Kodak's patents could come in handy in the ongoing patent wars. All smartphones have digital photography technology.

(Source:, Kodak, The Wall Street Journal)

Return to Index

We're interested in your feedback. Just fill out the form below and we'll add your comments as soon as we can look them over.
© 2002-2017TechRevu

advertising index / info
Our advertisers make TechRevu possible, and your consideration is appreciated.

Our Other Pubs:

Do You SFRevu? Thousands of Intelligent Beings Do Every Month

Gumshoe Review - a literary investigation.

  © 2002-2017TechRevu