Kodak Eyes Chapter 11: Patent Sale Or Bust
by Larry Dignan
ZDNet.com, Kodak, The Wall Street Journal News ISBN/ITEM#: CM120104PATENTS
Date: 04 January 2012
Links: ZDNet.com Blog Entry / Kodak Press Release / The Wall Street Journal Article /
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: ZDNet.com, Kodak, The Wall Street Journal)
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