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(Wall Street Journal)   Kodak announces plan to escape bankruptcy by receiving $793 million in loans, on condition that they sell their massive patent portfolio for $500 million to IP consortium that includes Apple, Google, and Microsoft   (blogs.wsj.com) divider line 19
    More: Interesting, Kodak, Google, patent portfolio, Microsoft, bondholders  
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852 clicks; posted to Business » on 13 Nov 2012 at 12:10 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



19 Comments   (+0 »)
   
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2012-11-12 09:07:53 PM  
they can spend that money on a time masheen to travel back to when people knew what film was, they will be RICH!
 
2012-11-12 09:12:50 PM  
Honestly, Kodak, just crawl in the grave, it's like watching a grandparent on a respirator now. Sell what little film manufacturing to a Fuji or Ilford, along the name and go gently into that good night.
 
2012-11-12 10:52:46 PM  
something something debt something America
 
2012-11-12 11:22:33 PM  
Misread the headline. Thought it said Vodak.
 
2012-11-13 12:39:18 AM  
Now that they've sold off the only reason that anyone cared about them anymore, they're going to do what exactly?
 
2012-11-13 12:47:08 AM  
the other day Kodak was trying to throw their pensioners under the bus. how about just making sure those folks who worked hard while your overpaid suits ran a monster successful company into the grave get what is coming to them?
 
2012-11-13 01:22:44 AM  
Link

Read this before.
 
2012-11-13 01:29:38 AM  

Abner Doon: Now that they've sold off the only reason that anyone cared about them anymore, they're going to do what exactly?


This
 
2012-11-13 01:53:39 AM  

Abner Doon: Now that they've sold off the only reason that anyone cared about them anymore, they're going to do what exactly?


Sell ink and printers at competitive prices to the consumer market. I suspect that Xerox has all the commercial interests locked down. And I have no idea how those photo printer kiosks work as a business, I've never seen one in use but it's cheap to have sit there.

I just hope they don't go all kablooie and get scraped to where someone buys the name for $50,000 and starts marketing cheap chinese crap with the name on it. Do you remember what Bell & Howell used to mean?

/At least the name Indian wound up with a motorcycle enthusiast.
//If not a great businessman.
 
2012-11-13 01:54:44 AM  
If they sell their patents what is the point of being a company?
 
2012-11-13 02:12:32 AM  
Sucks for the employees, but that company was run terribly.

I, for one, won't really miss film. Can't see why it would even exist outside of a very small, niche market.
 
2012-11-13 02:29:02 AM  

Ennuipoet: Honestly, Kodak, just crawl in the grave, it's like watching a grandparent on a respirator now. Sell what little film manufacturing to a Fuji or Ilford, along the name and go gently into that good night.


What about the patents?

wildcardjack: And I have no idea how those photo printer kiosks work as a business, I've never seen one in use but it's cheap to have sit there.


I worked for some companies that provided public space computers (like, what you'd find in a hotel business center, convention center, shipping company branded store, etc.) It's a similar thing, and it's not the easiest market to get into. When I started in 2001-2002 we were able to over-achieve by providing a service, but as it became a software based service tied into to other things, it became more complex.

If they have $793 million in a hot cash infusion in exchange for selling off a bunch of patent rights they might be able to break into such an established industry. The problem is some big hitters have been getting custom software built on their platforms to do similar tasks for a while now. Kodak fell behind so far that they pretty much need to find a new market that nobody else has discovered yet. That or slim down to a patent licensing company that funds any profits available to new R&D and hope you can grow the business that way.

The brand itself doesn't seem like it really has much value anymore. It's kind of like Kmart, or Montgomery Ward.
 
2012-11-13 03:07:35 AM  
Such a sad story for Rochester

/former Kodak intern
 
2012-11-13 06:37:00 AM  
My Grandfather told me, that when he was a kid, some people thought talking pictures were a fad. Sad to see a once great company go down the drain
 
2012-11-13 09:02:20 AM  
I'll miss those cute little yellow boxes at the drug store. But to be honest, I kind of liked the green ones better, after Kodachrome bit the dust.
 
2012-11-13 02:03:35 PM  

wildsnowllama: If they sell their patents what is the point of being a company?


Government contracts...lots of them.

russkie247: Sucks for the employees, but that company was run terribly.

I, for one, won't really miss film. Can't see why it would even exist outside of a very small, niche market.


They invented digital photography. Think about that for a minute...the company that invented digital photography got put out of business because of digital photography.
 
2012-11-13 05:07:16 PM  
$295 million (or so) in debt after they sell the patents ... what could go wrong!
 
2012-11-13 11:41:02 PM  

roc6783: wildsnowllama: If they sell their patents what is the point of being a company?

Government contracts...lots of them.


Aaa! I see.
 
2012-11-14 04:19:44 AM  

Looting and pillaging

www.makingmike.com

History repeats itself, I see 
 
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