Kodak wins OK to auction digital patents

Jul 03, 2012 by The Associated Press

(AP) — Kodak says bankruptcy court has approved an auction of its imaging patent portfolios over the objections of Apple and FlashPoint Technologies, giving the photography pioneer clarity on ownership claims.

The Rochester, New York, company announced a year ago it was looking to turn 1,100 digital imaging into ready money. The patents then represented about 10 percent of Kodak's total portfolio.

The is expected to be held in early August, Kodak says. It says it will still seek dismissal of the "baseless" Apple and FlashPoint claims this month.

Kodak, founded in 1880, filed for bankruptcy protection in January after being hurt first by Japanese competition and then by its inability to keep pace with the shift from film to digital technology over the past decade.

Explore further: Baidu profit up 34 percent as mobile service grows

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Kodak gets 2013 deadline to reorganize

Jan 20, 2012

(AP) -- Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a trove of digital-imaging patents.

Kodak patent deemed invalid in fight with Apple-RIM

May 22, 2012

A US judge on Monday said a Kodak patent allegedly infringed upon by Apple and Blackberry-maker Research In Motion (RIM) was not valid, dealing another blow to the struggling photography pioneer.

Kodak restructures amid bankruptcy battle

Jan 10, 2012

US photography giant Eastman Kodak, fighting to keep bankruptcy at bay, announced Tuesday a major restructuring to speed up its transformation into a digital company.

Recommended for you

Report: China to declare Qualcomm a monopoly

Jul 25, 2014

(AP)—Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

User comments : 0