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Eastman Kodak Co. (KODK)

  • Oct. 10, 2012, 6:44 PM
    Eastman Kodak (EKDKQ.PK) has reached a deal with a retirees committee to resolve the bankrupt company's retiree health care and survivor benefits liabilities, which surpass $1.2B and cost Kodak $10M/month. Kodak will provide the committee with a $7.5M cash payment, a $635M unsecured claim, and a $15M administrative claim to make payments to retirees. The deal has the support of Kodak's creditors committee.
    | Oct. 10, 2012, 6:44 PM | 4 Comments
  • Sep. 28, 2012, 12:40 PM
    Eastman Kodak (EKDKQ.PK) will stop selling consumer inkjet printers in 2013 as part of its efforts to focus on commercial solutions. Kodak's move comes shortly after Lexmark announced plans to abandon the inkjet market, which has been hit hard by the adoption of online/mobile photo viewing. H-P (HPQ), whose printing division is posting revenue declines, stands to benefit from Kodak and Lexmark's moves. Separately, Kodak is asking a bankruptcy court to give it until Feb. 28 to file a restructuring plan.
    | Sep. 28, 2012, 12:40 PM | 16 Comments
  • Sep. 28, 2012, 10:56 AM
    Kodak (EKDKQ.PK) says it will stop selling inkjet printers to focus selling on ink as it continues to rework its bankruptcy plans. The company sees the move helping it to boost cash flow in the first half of 2013.
    | Sep. 28, 2012, 10:56 AM | 6 Comments
  • Aug. 24, 2012, 10:03 AM
    Shares of Kodak (EKDKQ.PK) roar to a 12.2% gain on word that the company plans to sell its document imaging business and iconic print film business to raise cash. The company sees completing the sales during the first half of 2013.
    | Aug. 24, 2012, 10:03 AM | 1 Comment
  • Aug. 23, 2012, 6:35 PM
    Its patent auction in limbo due to disappointing bids, bankrupt Eastman Kodak (EKDKQ.PK) is considering the sale of its document imaging (scanners + related software) and personalized imaging (photo kiosks, photo paper, still-camera film) businesses. Kodak, which wants to focus on enterprise solutions, has already announced plans to shut down camera production.
    | Aug. 23, 2012, 6:35 PM | 14 Comments
  • Aug. 21, 2012, 8:21 AM
    Hedge fund and Eastman Kodak (EKDKQ.PK) noteholder Esopus asks the trustee overseeing Kodak's bankruptcy to investigate its IP auction, saying the "unusually secretive" bidding process is unlikely to benefit creditors. Esopus is concerned about "the integrity of the bidding process" following press reports that two leading suitors, Apple (AAPL) and Google (GOOG), have joined forces.
    | Aug. 21, 2012, 8:21 AM | 1 Comment
  • Aug. 17, 2012, 12:03 PM
    Kodak (EKDKQ.PK) asks a bankruptcy court to approve a deal with major film studios that will stabilize the market share and pricing for the use of the company's film. (Earlier: Kodak thinks twice about selling patents)
    | Aug. 17, 2012, 12:03 PM | Comment!
  • Aug. 13, 2012, 5:32 PM
    Unsurprisingly, Eastman Kodak (EKDKQ.PK) is extending the deadline for bidding on its patent portfolio. The first round of bids from two consortia of tech companies proved fairly disappointing.
    | Aug. 13, 2012, 5:32 PM | 2 Comments
  • Aug. 12, 2012, 3:13 AM
    The auction of Eastman Kodak's (EKDKQ.PK) 1,100 digital-camera patents has become increasingly complex but the bids so far are well below $500M, the WSJ reports. The lack of premium offers could put in doubt Kodak's ability to emerge from bankruptcy protection. The participating consortia include one that involves Apple (AAPL) and Microsoft (MSFT), and another Google (GOOG) and Samsung.
    | Aug. 12, 2012, 3:13 AM | 2 Comments
  • Aug. 9, 2012, 12:12 PM
    Apple (AAPL) can appeal an unfavorable ruling delivered last week in Eastman Kodak's (EKDKQ.PK) patent infringement suit against the company, declares the judge responsible for the ruling. The decision could further delay the sale of Kodak's valuable patent portfolio, though given how low the initial bids for the portfolio were, Kodak might not be in any rush.
    | Aug. 9, 2012, 12:12 PM | Comment!
  • Aug. 7, 2012, 11:05 AM
    Shares of Eastman Kodak (EKDKQ.PK) fall apart, down 23.1%, after opening bids for a highly-anticipated sale of patents come in extremely lackluster. The company's plan to emerge from bankruptcy as a healthy printer maker could be in jeopardy if the auction doesn't heat up quickly.
    | Aug. 7, 2012, 11:05 AM | 4 Comments
  • Aug. 1, 2012, 7:40 PM
    A bankruptcy judge gives Eastman Kodak (EKDKQ.PK +21.2%) a partial victory in its battle against Apple (AAPL), affirming the company's ownership of 2 patents Apple claimed as its own. Summary judgment was denied for another 8 patents Kodak and Apple are fighting over. The patents are part of a collection of 1,100 Kodak is planning to sell - Apple is part of one of the consortiums reported to be bidding on them. (previous)
    | Aug. 1, 2012, 7:40 PM | 7 Comments
  • Jul. 27, 2012, 4:25 PM
    Two consortiums are bidding on Eastman Kodak's (EKDKQ.PK) 1,100 patents, the WSJ reports. One features Apple (AAPL), Microsoft (MSFT), and patent troll Intellectual Ventures. Another features Android partners Google (GOOG), Samsung (SSNLF.PK), LG, and HTC, along with RPX (RPXC). Bids are due on Monday. The report comes after the ITC dismissed a Kodak suit related to an image-preview patent, and Apple lost a bid to move a separate Kodak suit out of bankruptcy court.
    | Jul. 27, 2012, 4:25 PM | 6 Comments
  • Jul. 21, 2012, 3:06 PM
    The ITC dismisses bankrupt Eastman Kodak's (EKDKQ.PK) infringement suit against Apple (AAPL) and Research In Motion (RIMM), affirming the May decision of an administrative law judge. Kodak says it will appeal the ruling, which relates to an image-preview patent for digital cameras, to a U.S. federal court. The decision deals a blow to Kodak's efforts to fetch a huge selling price for its patent portfolio; the company is pursuing a separate case against Apple through a U.S. district court.
    | Jul. 21, 2012, 3:06 PM | 9 Comments
  • Jul. 11, 2012, 1:14 PM
    Kodak (EKDKQ.PK) files an emergence performance plan with a bankruptcy court in New York that spells out potential compensation for its management team. At last look, the company had $574M in cash and was showing close to a $20M per month loss, although it has been cleared to sell patents and start the process of paying off creditors.
    | Jul. 11, 2012, 1:14 PM | 6 Comments
  • Jul. 3, 2012, 1:57 AM
    A U.S. bankruptcy judge clears Eastman Kodak (EKDKQ.PK) to auction its digital imaging patents as part of its restructuring; Kodak expects to move forward with the auction in early August. Apple (AAPL) and privately-held FlashPoint Technology had objected to the sale, both claiming they had ownership in some of the 1,100+ patents.
    | Jul. 3, 2012, 1:57 AM | Comment!
Company Description
Eastman Kodak Co is a technology company providing imaging for business. It provides commercial products and services in technologies including materials science; digital imaging science and software; and deposition processes.