At about 5:00 PM in Washington, D.C., today, the U.S. International Trade Commission (ITC) will decide if it should review a judge's findings from January that concluded neither Apple's iPhone or RIM's Blackberry infringed patents held by Eastman Kodak Company. Antonio Perez, CEO of Kodak, told Bloomberg a victory could be worth more than US$1 billion in royalty revenue for the beleaguered company, which lost almost half its market value in the past year.
"This is a lot of money, big money," Perez told Bloomberg.
The dispute centers on a patent broadly described as an "image-preview feature in camera phones." In 2009, Kodak filed similar complaints against Korean manufacturers Samsung and LG Electronics. In those cases, both related to the same patents Apple and RIM are accused of violating, the ITC ruled in favor of the 131-year-old Kodak company. Samsung and LG paid a combined $964 million to settle the matter before it could be escalated to the ITC's full six-member commission which has the authority to ban importation of products that infringe U.S. patents.