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Eastman Kodak (EK) stock trades higher by 5% to $0.58 in extended hours trading.
 

Kodak Alleges Patent Infringement Against Samsung
 

Eastman Kodak Company (NYSE:EK - News) announced today that it has filed a lawsuit against Samsung Electronics Co. Ltd., alleging infringement of certain patents related to Kodak digital imaging technology.

The complaint, filed in U.S. District Court for the Western District of New York, alleges that certain Samsung tablets infringe patented Kodak digital imaging technology.

Kodak has licensed its digital imaging patents to more than 30 leading technology companies, including LG, Motorola, and Nokia, with all of the licenses royalty-bearing to Kodak.

The complaint against Samsung alleges infringement of the following five patents:
U.S. Patent No. 6,292,218 – “Electronic Camera For Initiating Capture of Still Images While Previewing Motion Images”

U.S. Patent No. 7,210,161 – “Automatically Transmitting Images from an Electronic Camera to a Service Provider Using a Network Configuration File”

U.S. Patent No. 7,742,084 – “Network Configuration File for Automatically Transmitting Images from an Electronic Still Camera”

U.S. Patent No. 7,453,605 – “Capturing Digital Images to be Transferred to an E-Mail Address”

U.S. Patent No. 7,936,391 – “Digital Camera with Communications Interface for Selectively Transmitting Images over a Cellular Phone Network and a Wireless LAN Network to a Destination”

http://investor.kodak.com/phoenix.zhtml?c=115911&p=irol-irhome

 

Tags: 2012, eastman, ek, kodak, lawsuit, news, samsung, stock, sues, suing

Views: 90

Replies to This Discussion

I'm thinking about getting back into EK. I'm on the fence weighing the reasons behind all the lawsuits. In my opinion, They will eventually file, when is the question. Court battles, like you've said, takes several years to settle. Is this an attention getting, last ditch effort to profit from their patents or become an acquisition target to avoid a court battle, this is also worth weighing out.

 

Eastman Kodak Co. is preparing to appoint a chief restructuring officer, a move that could help the company secure financing needed to stay afloat during bankruptcy proceedings, people familiar with the matter said.

The new executive would report to the board and could have broad powers to manage Kodak's finances and operations.

While the Rochester, N.Y., company hasn't made a final decision to move ahead with the appointment, Dominic Di Napoli, a vice chairman at FTI Consulting Inc., is among those being considered for the role, the people said

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