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Kodak explores ‘alternatives’ for digital patents
ROCHESTER, N.Y. (AP) - Eastman Kodak Co. on Wednesday said that it’s looking at ways to turn 1,100 patents on digital imaging into ready money, perhaps through a sale.
Kodak shares rose 3 cents, or 1.3 percent, to close Wednesday at $2.34. The 131-year-old photography company’s shares are close to their lowest level in more than 30 years.
With sales of film dwindling, Kodak has become more aggressive about licensing its patents. Since 2008, it has generated almost $2 billion in licensing fees and royalties from intellectual-property battles, both in negotiations and through the courts.
There’s a general scramble for patents in the technology world, as companies seek to shore up their defenses against competitors. Nearly every maker of smartphones is suing another maker of smartphones over patents.
Three weeks ago, a consortium that included Apple, RIM, Microsoft Corp. and Sony Corp. pledged to pay $4.5 billion for a collection of patents from Nortel Networks, a bankrupt Canadian maker of telecommunications equipment.
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