Kodak's CEO Prioritizes His Compensation Even Amid Bankruptcy [View article]
Why would any financial institution give even a cent to Kodak as long as Perez is in charge. Perez has made nothing but bad decisions in past months. What was his last good decision? I don't know of any. Perez represents everything that is disfunctional about American businesses. He should write personal checks to creditors, bondholders and stockholders, not be rewarded for continuing to rip them off.
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. [View news story]
When do the bondholders find out how badly we are going to get shafted?
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. [View news story]
No film, no printers, no decent offer for patents.........how is Kodak going to make its comeback?
Microsoft And Apple Working Together: Patent Hysteria Returns Over Kodak Auction [View article]
Lots of questions here. The big question is.............Is this a real acution, or is the fix in place? Will the amount of the final bid be enough for Kodak to return 50% or more to bondholders?
Why are there only two bidders? What is the latest estimate of what the patents will bring?
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. [View news story]
Once again, investors (bondholders) appear to be the big losers, while Apple gets richer by using their wealth and their lawyers to walk away with the essence of Kodak while paying peanuts for what they take.
Ordinary American institutions and individual bondholers get screwed again by the courts and the bankruptcy system in this country.
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. [View news story]
Has Apple finally given up on picking the bones of Kodak and its bondholders?
How much will Kodak actually get for its patents?
Is there any chance that stockholders will recover any cash?
How are things looking for the bondholders at this point? Will they recover 50 cents on the dollar, or will it be less?
Apple (AAPL) continues to try to buy time in its patent dispute with Eastman Kodak (EKDKQ.PK). On Thursday, the company asked a judge to have bankrupt Kodak's patent infringement suit reviewed by a jury in a federal district court, rather than by a judge in a federal bankruptcy court. That, in turn, could derail Kodak's plans to auction its patent portfolio in early August. Kodak, which received an unfavorable ITC ruling in May, recently sued Apple for attempting to interfere with its patent sale. [View news story]
Why is Apple, who has more money than the US Treasury ,so focused in destroying Kodak? In the process, they will deny EK bondholders of any chance to recover a decent share of their investment. When all is said and done, Apple will be stealing this money from EK and their bondholders. Then, the money will probably go to some liberal charity. Then, Apple execs can brag about how good and kind Apple and its management is.
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. [View news story]
skibimamex,
That is good information!
Lets assume that you buy unsecured notes, due 2013 now at 26 cents. How long would you wait to find out what your return is going to be?
Once the dust settles on bankruptcy, would you be receive cash, shares or the "new" Kodak, or both?
I have just a few of these seven and a quarter %; due 2013 notes that I bought just before bankruptcy; I am considering picking up a few more.
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. [View news story]
Is anybody out there buying EK notes while the company is in bankruptcy? If so, what is the strategy?
What about bondholders? I am holding some SR notes that mature Nov 2013. I bought a few years ago when they sold near face value. Would you hold, or sell at a large loss. What percent of face value will I get back, if they go bankrupt? Is there an opportunity to "double down" and buy more notes that are now cheap?
Kodak and Lenders Close Financing Agreement [View article]
When will we have some idea what we get back, as a result of the bankruptcy?:
Kodak's CEO Prioritizes His Compensation Even Amid Bankruptcy [View article]
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. [View news story]
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. [View news story]
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. [View news story]
It appears that bond holders will end up with a big loss.
Microsoft And Apple Working Together: Patent Hysteria Returns Over Kodak Auction [View article]
Why are there only two bidders? What is the latest estimate of what the patents will bring?
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. [View news story]
Ordinary American institutions and individual bondholers get screwed again by the courts and the bankruptcy system in this country.
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. [View news story]
How much will Kodak actually get for its patents?
Is there any chance that stockholders will recover any cash?
How are things looking for the bondholders at this point? Will they recover 50 cents on the dollar, or will it be less?
Apple (AAPL) continues to try to buy time in its patent dispute with Eastman Kodak (EKDKQ.PK). On Thursday, the company asked a judge to have bankrupt Kodak's patent infringement suit reviewed by a jury in a federal district court, rather than by a judge in a federal bankruptcy court. That, in turn, could derail Kodak's plans to auction its patent portfolio in early August. Kodak, which received an unfavorable ITC ruling in May, recently sued Apple for attempting to interfere with its patent sale. [View news story]
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. [View news story]
That is good information!
Lets assume that you buy unsecured notes, due 2013 now at 26 cents. How long would you wait to find out what your return is going to be?
Once the dust settles on bankruptcy, would you be receive cash, shares or the "new" Kodak, or both?
I have just a few of these seven and a quarter %; due 2013 notes that I bought just before bankruptcy; I am considering picking up a few more.
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. [View news story]
Kodak Shares Worthless As Company Finally Files Chapter 11 [View article]
Understanding Bankruptcies As An Investor [View article]
Understanding Bankruptcies As An Investor [View article]
Is there any strategy to profit from EK notes? I see some Senior notes that mature Nov 2013 that are going real cheap.
Prepare To Buy Kodak [View article]
Would you hold, or sell at a large loss. What percent of face value will I get back, if they go bankrupt? Is there an opportunity to "double down" and buy more notes that are now cheap?