Kodak moments are in short supply right now.
The former photography giant has almost struck out with its bid to prove that Apple infringes on image-preview technologies that the bankrupt century-old company says it invented.
You can’t fault a company for trying, I suppose. But from Kodak’s responses to its last two legal setbacks in patent cases against Apple, it seems the company believes its future is utterly dependent on siphoning a billion dollars or so out of Cupertino.
And, in fact, it may very well be.
The Rochester, NY company is bankrupt and no longer producing cameras. Selling its patent portfolio, which includes more than 1,000 digital imaging patents, was going to be its salvation.
Those patents will be worth less, however, if they are not enforceable. Or if key industry profit-takers like Apple don’t license them. Even companies that are currently paying royalties might start to think twice, now that Apple has twice escaped Kodak’s legal noose.
According to Kodak, the patent is in one of the two groups of patents it is currently trying to sell. And the company says it has generated over $3 billion in revenue from licensors such as LG, Samsung, and Nokia.
According to the NY Times, however, Apple claims that because of a contract for joint research in the 1990s, it actually owns the technology Kodak is suing it for infringing.
Kodak was seeking damages in excess of $1 billion.
Via: VB
In 2025, more than ever before, CFOs are setting a new standard when it comes…
Punjab National Bank (PNB) became the first bank in India to go live with Clari5’s…
The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
The North American Veterinary Community (NAVC) named BestyBnB the 2025 NAVC Gives Marquee Award recipient,…
Today, KASFAB Tools Private Limited (A KAS group company under UHP Technologies & KASTECH Equipment)…