More gloomy news from Kodak: the company just announced that it will stop selling consumer inkjet printers in 2013 and instead focus its efforts on commercial printing products. This decision hardly comes as a surprise: Kodak filed for Chapter 11 bankruptcy earlier this year and attempted to auction off a stockpile of patents valued at up to $2.6 billion. The company stated on Friday that it expects to take a $90 million hit due to its floundering inkjet business. Kodak's garage sale attracted interest from unlikely alliances in the form of Apple and Microsoft versus Google and Samsung, but reportedly only reeled in disappointing offers under the $500 million mark. Hoping to rebound next year as a "lean," mean, successful machine, we'll just have to wait and see what develops for this fallen photography frontrunner.

Filed under: Peripherals

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Via: Fox Business

Source: Kodak

Kodak might be cleared to sell its patents, but it's likely no fan of the companies lined up to make a deal. The Wall Street Journal's best friends, "people familiar with the matter," assert that Apple and Google are part of separate coalitions hoping to buy the 1,100 patents up for grabs. Apple's camp supposedly includes Microsoft and controversial patent holder Intellectual Ventures; Google's team reads more like an Android Justice League, with HTC, LG, Samsung and "patent risk solutions" provider RPX all playing a part. Real or not, there's still much that's up in the air. Kodak's not talking, and even the touted insiders warn both of new challengers and allegiances that could be in flux over the next few days. If there's meat on this rumor bone, however, it could make the August 8th auction another patent war spectacle rather than a mere ticket back to solvency for Kodak. Break out the popcorn.

[Image credit: Pittaya Sroilong, Flickr]

Filed under: Cellphones, Cameras

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Apple might have been denied a lawsuit against Kodak while the former camera maker is in bankruptcy, but that hasn't kept it from winning in court. A Manhattan judge has tossed a Kodak attempt to dismiss Apple's claims that it, not Kodak, owns 10 of those patents through collaborative work back in the QuickTake days. The ruling explicitly clears Kodak to sell the patents to the highest bidder and gives it a quicker path to recovery. However, the compromise also sends a warning to any potential buyers that Apple might have a stake in patents that change hands -- a decision that will either push Kodak to set some money aside or risk sticking a potential buyer with the bill. While who owns what is still up for debate, Kodak likely isn't eager to have another Sword of Damocles over its head that risks scaring away much-needed patent buyers.

[Image credit: Pittaya Sroilong, Flickr]

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Kodak has filed proceedings to enable the bankrupt company to sell off its digital imaging patents. With a looming June 30th deadline in its lending agreement, the fallen camera maker is petitioning the court to approve a closed bids auction at a hearing on July 2nd. The company has broken the haul into two portfolios, one surrounding digital camera technology and the other concerning image analysis, manipulation and tagging. It's been pitching the pair around to various interested parties for the past year, with 20 companies reportedly registering an interest. If all is approved, the auction will be held in early August, with the winning bidder to be informed on the 13th of the month. The only question now is to wonder which industry values the portfolio more: the camera guys, or the cellphone guys.

[Image Credit: MercerFilm]

Filed under: Mobile

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