Seeking Alpha

Eastman Kodak Co. (KODK)

  • May 18, 2012, 4:17 PM
    Eastman Kodak (EKDKQ.PK) accuses Apple (AAPL) of trying to undermine the sale of its patent portfolio in order to avoid paying $1B in royalties Kodak deems Apple to owe for its infringement (subject to a pending ITC ruling) of a patent covering a digital camera's ability to preview images. Apple is accusing Kodak of misappropriating technology the companies collaborated on; Kodak believes Apple's move is a stalling tactic. (previous)
    | May 18, 2012, 4:17 PM | 2 Comments
  • May 15, 2012, 10:31 AM
    Bankrupt Eastman Kodak (EKDKQ.PK) is seeking expressions of interest for its patent portfolio ahead of a sale that some think could fetch over $2B. Major tech companies are expected to be among the bidders. However, the final price could depend heavily on the outcome of Kodak's ITC complaints against Apple (AAPL) and Research In Motion (RIMM); a ruling is due on May 21.
    | May 15, 2012, 10:31 AM | 7 Comments
  • Apr. 25, 2012, 2:30 PM
    Shutterfly (SFLY +4.9%) outperforms after announcing there were no competing offers to its $23.8M bid to buy Kodak Gallery from bankrupt Eastman Kodak (EKDKQ.PK). Kodak Gallery has 75M users, and stands to both strengthen Shutterfly's position in the online photo printing market, and expand its presence in the only photo gallery space, as fears grow about a decline in photo printing.
    | Apr. 25, 2012, 2:30 PM | Comment!
  • Apr. 8, 2012, 4:26 AM
    Eastman Kodak wants approval (EKDKQ.PK) to pay $13.5M in bonuses to ~300 execs and other staff who have the knowledge and skills vital to helping the firm survive Chapter 11 and would be hard to replace if they left. Kodak has also withdrawn a request to end supplemental health care benefits for ~16K retirees.
    | Apr. 8, 2012, 4:26 AM | Comment!
  • Mar. 8, 2012, 3:37 PM
    Apple (AAPL) is told it cannot pursue its patent infringement lawsuit against Kodak (EKDKQ.PK) for now, and is ordered not to file similar new litigation. The bankruptcy judge overseeing Kodak's case says it would be an "inappropriate way forward" to allow Apple to continue pursuing litigation over a Kodak patent that lets consumers preview digital photographs on LCD screens.
    | Mar. 8, 2012, 3:37 PM | Comment!
  • Mar. 2, 2012, 8:17 AM
    Shutterfly (SFLY) +14.5% premarket after acquiring Kodak's (EKDKQ.PK) Gallery online photo business. Jefferies reiterates its Buy rating and $30 price target on SFLY, saying "the deal should solidify the company's position further as the leader in online print, and present a number of opportunities for revenue and cost synergies over time."
    | Mar. 2, 2012, 8:17 AM | Comment!
  • Mar. 1, 2012, 6:32 PM
    Bankrupt Eastman Kodak (EKDKQ.PK) agrees to sell its online photo services to Shutterfly (SFLY) for $23.8M. Accounts of Kodak Gallery’s 75M users in the U.S. and Canada would be transferred to SFLY under the agreement, which is subject to competing bids at an auction. SFLY +17.6% AH.
    | Mar. 1, 2012, 6:32 PM | Comment!
  • Feb. 16, 2012, 10:42 AM
    Eastman Kodak (EKDKQ.PK) has won court approval to borrow $950M to carry out its post-bankruptcy restructuring plan. In addition, a judge has ruled the company can end a sponsorship agreement for the theater that hosts the Academy Awards.  (yesterday)
    | Feb. 16, 2012, 10:42 AM | Comment!
  • Feb. 15, 2012, 12:44 PM
    Apple (AAPL) pushes to move forward with patent infringement litigation Kodak's (EKDKQ.PK) Chapter 11 bankruptcy halted, fearing that a disputed patent may be put up for sale as part of Kodak's restructuring. Apple says Kodak "misappropriated Apple's technology" to get the patent, which concerns a digital camera that can preview images on an LCD screen.
    | Feb. 15, 2012, 12:44 PM | Comment!
  • Feb. 9, 2012, 9:07 AM
    Eastman Kodak (EKDKQ.PK) says it will take a $30M charge to exit the digital camera, pocket video camera, and digital picture frame business in H1. The former Dow 30 company plans to refocus on licensing out its brand and scoring revenue from online and retail-based photo printing.
    | Feb. 9, 2012, 9:07 AM | 1 Comment
  • Jan. 20, 2012, 10:28 AM
    Here’s one way of understanding Eastman Kodak’s (EK) problems: The company has twice as many retirees drawing benefits in the U.S. as it has active employees worldwide. The company said in its Chapter 11 filing that it is liable for $1.3B in U.S. retirement benefits such as health care, plus $1.2B in non-U.S. pensions. (also)
    | Jan. 20, 2012, 10:28 AM | 2 Comments
  • Jan. 20, 2012, 10:05 AM
    Bankrupt Eastman Kodak (EK) is cleared by a judge to start borrowing $650M of its $950M loan from Citigroup, and gets to keep paying 17K employees, despite noteholders' objection that EK's profit record means it will "burn an additional $700M in what may be further folly."
    | Jan. 20, 2012, 10:05 AM | Comment!
  • Jan. 19, 2012, 1:23 PM
    Eastman Kodak's (EK) road to bankruptcy is at heart a story of missed opportunities, notes Brian Bernstein. In spite of inventing the digital camera in 1975, Kodak saw its sales and profits collapse over the last decade as sales of film rolls, film prints, and analog cameras cratered. Other companies weighed down by their dependence on legacy technologies might want to take notice.
    | Jan. 19, 2012, 1:23 PM | Comment!
  • Jan. 19, 2012, 12:51 PM
    Having filed for bankruptcy protection today, Eastman Kodak (EK) voluntarily delists from the NYSE. Its shares had traded below $1 for over 30 consecutive days, falling short of the exchange's minimum standard. For obituaries, see here, here and here. For how Fujifilm (FUJIY.PK) has prospered while Kodak has failed, see here.
    | Jan. 19, 2012, 12:51 PM | 2 Comments
  • Jan. 19, 2012, 11:08 AM
    Shares in Kodak (EK),which filed for bankruptcy today, were suspended after they fell 35.1% following the opening bell.
    | Jan. 19, 2012, 11:08 AM | 1 Comment
  • Jan. 19, 2012, 7:15 AM
    Shares of Eastman Kodak (EK) fall 29.7% to trade at $0.39 per share after word of the firm's bankruptcy hits. As a point of reference, EK was the 10th largest company in the U.S. by market cap in 1984.
    | Jan. 19, 2012, 7:15 AM | Comment!
KODK vs. ETF Alternatives
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.