Kodak Seeking to Sell its Patent Portfolio
Kodak’s “viability on a go-forward basis may be not only challenged but hard to defend,” Keith Wirtz
, Cincinnati-based chief investment officer at Fifth Third Asset Management, which oversees $16.7 billion, said in a telephone interview. “They do have values embedded in patents and other technologies. Someone is going to buy the company and tear it apart.”
Eastman Kodak Co. has kicked off its patent sale, as the beleaguered imaging company seeks to ride the bull market for patents and capitalize on its intellectual property in the booming market for tablet computers.
Investment bank Lazard Ltd. began marketing the portfolio this week, reaching out to companies that might be interested, said a person familiar with the matter.
Original links from Gizmodo: http://gizmodo.com/5832041/kodak-emb...tent-portfolio
Saddled with poor earnings, pensions, a struggling digital imaging business, and consumer printing business, Kodak seems to be driving it self to destruction by dismantling its patent portfolio piecemeal. I am actually very disappointed in its management's decision to do this. Seeing that they are still in litigation and awaiting the decision of the US International Trade Commission on infringement of their patents by Apple and RIM, their current decision to sell off now, may indicate that their patents may not hold up. This doesnt sound like it will end well at all. The end is near. =[