Kodak postpones bankruptcy auction on patents

Sep 14, 2012

(AP)—Kodak is postponing indefinitely an auction of its imaging patent portfolios.

An auction hearing had been scheduled in August for Co. to sell more than 1,000 patents as it tries to emerge from . The auction kept getting postponed as talks with potential buyers continued.

In a court filing Friday, Kodak said it won't keep rescheduling, even as negotiations continue. It also said it is "continuing to explore other alternatives," which include keeping the patents.

Kodak previously disclosed the option of keeping its patents, but Friday's filing added the possibility of creating a company to make money by licensing the technology.

Kodak, founded in 1880, was hurt first by Japanese competition and later by its inability to keep pace with the shift from film to .

Explore further: Kodak wins OK to auction digital patents

5 /5 (3 votes)
add to favorites email to friend print save as pdf

Related Stories

Kodak wins OK to auction digital patents

Jul 03, 2012

(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.

Kodak to sell imaging units, focus on printing

Aug 23, 2012

(AP)—Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services as it works to emerge from bankruptcy protection.

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.

Recommended for you

Canada trying to lure Silicon Valley tech workers

May 17, 2013

(AP)—The Canadian government is trying to lure Silicon Valley tech workers who are frustrated by U.S. visa policies, just as Congress wrestles with a long-sought overhaul of America's immigration system.

Bloomberg appoints ex-IBM CEO as privacy adviser

May 17, 2013

(AP)—Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards.

Apple, US lawmakers in offshore tax showdown

May 17, 2013

Apple and US lawmakers are gearing up for a showdown over taxes—specifically how to deal with the huge stockpile of cash held by Apple and other multinational firms offshore.

Yahoo! sets event amid Tumblr talk

May 17, 2013

Yahoo! scheduled a news conference Monday amid reports it was in talks on with the popular blogging platform Tumblr about an acquisition or strategic alliance.

User comments : 0

More news stories

German energy shift faces headwinds

Tense engineers have their eyes peeled on complex colour-coded diagrams on a wall-sized screen that makes their control room look like the inside of a spaceship.

Internet in 'coma' as Iran election looms

Iran is tightening control of the Internet ahead of next month's presidential election, mindful of violent street protests that social networkers inspired last time around over claims of fraud, users and ...

China police billions spell profit opportunity

Mannequins in riot gear, armoured cars and drones line a police equipment and "anti-terrorism technology" trade fair in Beijing as vendors seek to profit from China's huge internal security budget.

Bold action, big money needed to curb Asia floods

Asia's flood-prone megacities should fund major drainage, water recycling and waste reduction projects to stem deluges and secure clean supply for their booming populations, experts said Sunday.