• Mar. 15, 2016, 5:40 PM
    • Along with its Q4 results, Kodak (NYSE:KODK) has announced it's in talks to sell its Prosper enterprise inkjet hardware ops, which provide imprinting systems and presses.
    • CEO Jeff Clarke: "To achieve its full economic potential, PROSPER will be best leveraged by a company with a larger sales and distribution footprint in digital printing markets." The sale decision comes with the broader printing industry pressured by the impact of online and mobile content viewing and sharing (just ask HP).
    • The one-time camera giant also plans to focus its metal mesh touch sensor business solely on copper metal mesh, after previously investing in both silver and copper development. Exec Philip Cullimore: "Based on feedback from industry participants, it’s clear our fully additive copper metal mesh is the winning approach in terms of overall cost, setup cost and scalability to larger screens — where we see the most significant opportunities." Last year, struggling UniPixel ended its touch sensor partnership with Kodak.
    • In its Q4 report, Kodak has guided for 2016 revenue of $1.5B-$1.7B (down from 2015's $1.8B) and operational EBITDA of $130M-$150M (up from 2015's $122M). The forecast excludes the Prosper and the silver metal mesh business. Kodak ended 2015 with $547M in cash and $680M in debt.
    • Kodak's Q4 results, earnings release
    Mar. 15, 2016, 5:40 PM | 3 Comments
  • Apr. 29, 2013, 9:35 AM

    Eastman Kodak (EKDKQ.PK) is selling its personalized imaging (camera film, paper, photo kiosks) and document imaging (scanners/related software) units to its U.K. pension fund for $650M. The deal settles $2.8B in claims against Kodak from the bankrupt company's largest creditor. Kodak asserts the deal gives it "the remaining liquidity we require to emerge from Chapter 11," and says it plans to "file a draft Chapter 11 plan with the [U.S.] Bankruptcy Court on April 30." Kodak recently sold some document imaging assets to Brother for $210M. (PR) (previous)

    Apr. 29, 2013, 9:35 AM
  • Apr. 15, 2013, 8:51 AM

    Eastman Kodak (EKDKQ.PK) is selling "certain assets of its Document Imaging business" to Brother for $210M. Brother will also assume deferred service revenue liability of $67M. All subject to court approval. (PR)

    Apr. 15, 2013, 8:51 AM
  • Dec. 19, 2012, 9:23 AM

    Eastman Kodak (EKDKQ.PK) is selling its imaging patent portfolio for $525M to a consortium led by RPX (RPXC) and patent troll Intellectual Ventures. Kodak adds the deal settles existing IP litigation between the parties. The sale figure exceeds the $500M threshold needed for a $793M financing deal to clear. Apple (AAPL) and Google (GOOG) were previously reported to have teamed up for a bid. (PR)

    Dec. 19, 2012, 9:23 AM
  • Dec. 8, 2012, 12:14 AM
    Apple (AAPL) and Google (GOOG) have teamed up for the reported $500M-plus bid for bankrupt Kodak's (EKDKQ.PK) patents, Bloomberg reports. The two companies - part of rival consortia this summer in an auction for the patents - are likely working together with a goal of neutralizing infringement lawsuits. Dec. 8, 2012, 12:14 AM | 26 Comments
  • 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 | 13 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
  • Dec. 22, 2011, 5:07 PM

    Eastman Kodak (EK) jumps 23.8% AH after announcing it's selling its gelatin business (Eastman Gelatine) to privately-owned Vion Food Group, and has elected General Counsel Laura Quatela as President. Quatela will hold the position in tandem with current President Philip Faraci.

    Dec. 22, 2011, 5:07 PM
  • Oct. 18, 2011, 10:32 AM
    The $4.5B sale of Nortel's patents to six tech companies (AAPL, MSFT, RIMM, EMC, ERIC, and SNE) is still being reviewed by the DOJ, according to Microsoft's IP chief. Regulatory challenges to the deal could potentially have an impact on the bidding for InterDigital (IDCC) and/or Eastman Kodak's (EK) patents. Oct. 18, 2011, 10:32 AM