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Eastman Kodak Co. (KODK)

- NYSE
  • 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.
    | 26 Comments
  • Dec. 5, 2012, 6:32 PM
    Eastman Kodak (EKDKQ.PK) has finally received a $500M+ bid for its patent portfolio, sources tell the WSJ, while adding a deal hasn't yet been inked. A $500M+ patent sale is necessary by early next year for a $793M financing deal to go through.
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  • Nov. 19, 2012, 1:49 PM
    Eastman Kodak (EKDKQ.PK) strikes a deal with CVS Caremark (CVS +0.6%) to keep as many as 15K photo kiosks at CVS stores through 2016. The deal is important because it ensures the company's biggest customer will still be in tact for a potential buyer of the Kodak imaging service business.
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  • Nov. 14, 2012, 6:23 PM
    Two days after securing $793M in financing, Eastman Kodak (EKDKQ.PK) received court approval to maintain control of its bankruptcy proceedings through Feb. 28. Also, Kodak says it's still in talks with Apple (AAPL) and Google (GOOG) regarding its delayed patent sale, and is confident the sale with produce the $500M+ in proceeds needed for its financing deal to go through. Kodak chose to delay its patent sale after initial bids during an August auction came in well below $500M.
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  • Nov. 12, 2012, 10:47 AM
    Eastman Kodak (EKDKQ.PK) struck a deal with bondholders over $793M in loans that could lift the company out of bankruptcy, according to a WSJ report. If the report pans out, it most likely means a buyer for the company's interesting group of patents has been found.
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  • Nov. 8, 2012, 5:49 AM
    Eastman Kodak (EKDKQ.PK), AMR (AAMRQ.PK) and 27 other large companies out of 90 that entered bankruptcy protection in 2007-2012 didn't tell investors that they were preparing for Chapter 11 before they filed, a WSJ investigation finds. Securities law doesn't require such disclosure even though it could be thought to be material to investors.
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  • Oct. 12, 2012, 10:02 AM
    Kodak (EKDKQ.PK) reveals its financial projections in an 8-K filed with the SEC. Cash flow is pegged at $1M for September before turning negative for two months. After another positive month in December of $9M, the next six are forecast to be negative again.
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  • 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.
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  • 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.
    | 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.
    | 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.
    | 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.
    | 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.
    | 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)
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  • 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.
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  • 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.
    | 2 Comments
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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.