Apple (AAPL), RIM (RIMM) Victorious in Kodak (EKDKQ) Image-Preview Patent Case

July 23, 2012 7:42 AM EDT
Get Alerts EKDKQ Hot Sheet
Trade EKDKQ Now!
Join SI Premium – FREE
Over the weekend, photography equipment maker Eastman Kodak (OTCBB: EKDKQ) was said to receive an unfavorable outcome in important patent legislation.

The International Trade Commission (ITC) ruled that Apple (Nasdaq: AAPL) and Research In Motion (Nasdaq: RIMM) did not infringe on a patent, which covered previewing images with a digital camera. The ITC dismissed the complaint late Friday.

Apple and RIM were found to not violate trade laws which may have led to an injunction halting imports of their products.

Kodak has said it would appeal the ruling.

The Company has been aiming to sell about 1,100 patents in an effort to raise funds while it moves through Chapter 11 bankruptcy protection. The call by the ITC may set Kodak back on that effort, with potential buyers possibly seeking to offer less for the patents.

Additionally, the WSJ pointed out that Kodak's intellectual property in question -- the '218 patent -- has drawn $1 billion from licensees Samsung and LG Electronics, while Kodak has also signed image-previewing deals with 30 other companies.

Apple is indicated for a lower open Monday, while shares of RIM are flat.

Traders might also want to watch Kodak peers and competitors, including Canon (NYSE: CAJ), Xerox (NYSE: XRX), Ricoh (OTCBB: RICOY), and, to a lesser extent, Hewlett-Packard (NYSE: HPQ), and Sony (NYSE: SNE).

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Insiders' Blog

Related Entities


Add Your Comment