Friday, January 6, 2012

Kodak on Brink of Bankruptcy - Seeks Patent Sale

Yesterday, the Wall Street Journal ran an interesting article about Kodak's last ditch effort to avoid Chapter 11 bankruptcy by selling some of its digital patents. 

No surprise here as Kodak has struggled with changes in business for decades. In the 1980s, foreign competitors stole its market share in film and later its film business was damaged by the rise of digital photography.

The article notes that Kodak's patent litigation and licensing program has run dry so now it seeks to sell its large patent portfolio following other well-known companies such as Nortel.   

See the WSJ article Kodak Teeters on the Brink for further details.

Copyright © 2012 Robert Moll. All rights reserved.