View Mobile Site
 

Ask the Expert

Signal Photos

 

Kodak postpones bankruptcy auction on patents

Posted: September 14, 2012 11:39 a.m.
Updated: September 14, 2012 11:39 a.m.

Boxes of Kodak Tri-X 35mm black and white film, right, are shown on a retailer's shelf. Kodak announced Friday, that it is postponing indefinitely an auction of its imaging patent portfolios.

 

NEW YORK (AP) — Kodak is postponing indefinitely an auction of its imaging patent portfolios.

An auction hearing had been scheduled in August for Eastman Kodak Co. to sell more than 1,000 patents as it tries to emerge from bankruptcy protection. The auction kept getting postponed as talks with potential buyers continued.

In a court filing Friday, Kodak said it won't keep rescheduling, even as negotiations continue. It also said it is "continuing to explore other alternatives," which include keeping the patents.

Kodak previously disclosed the option of keeping its patents, but Friday's filing added the possibility of creating a company to make money by licensing the technology.

Kodak, founded in 1880, was hurt first by Japanese competition and later by its inability to keep pace with the shift from film to digital photography.

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...