Kodak to stop making cameras, digital frames

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Kodak said it’s working with retailers to ensure an orderly transition. The company will continue to honor product warranties and provide technical support for the discontinued products.

The company didn’t say how many jobs would be eliminated as a result of the decision, but did say that it expects to take a charge of $30 million related to separation costs.

Kodak owns patents that cover a number of basic functions in many smartphone cameras, and the bankruptcy judge has given the company until June 30 to come up with a procedure to sell them.

The company picked up $27 million in patent-licensing fees in the first half of 2011. It made about $1.9 billion from those fees in the previous three years combined. But no buyers have emerged since Kodak started shopping them around in July.


AP Business Writer Ryan Nakashima in Los Angeles contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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