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Eastman Kodak (EK +25.7%) has started an auction of its patent portfolio, WSJ reports, with...

Eastman Kodak (EK +25.7%) has started an auction of its patent portfolio, WSJ reports, with Lazard beginning to market the portfolio earlier this week. One interested company is called "a large, strategic buyer in the wireless industry looking to use the patents for defensive protection." Speculation of the sale boosted Kodak shares during the trading session; shares +10.8% AH.
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Comments (1)
  • spald_fr
    , contributor
    Comments (2733) | Send Message
     
    What a pitiful ending for a former NYSE listed company. Selling IP to keep the salaries going just a little bit longer.
    17 Aug 2011, 06:38 PM Reply Like
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