Kodak gets $500m bid for 1,100 of its patents December 6, 2012 - 17:46 AMT PanARMENIAN.Net - Bankrupt imaging outfit Kodak has received a bid of more than $500m for 1,100 of its patents, The Inquirer reports. Kodak, which is languishing in bankruptcy court after years of falling behind its rivals, has been trying to sell 1,100 patents that relate to digital imaging for over 18 months. Now the firm has received a bid of more than $500m from a consortium for its patents. Kodak had claimed its patents would be worth billions but until now had only received bids around the $250m mark. The firm needs to sell part of its patent portfolio in order to secure loans offered on the premise that its patents can be sold for $500m or more. While Kodak is trying to sell its patents to generate cash, the firm has been slashing costs by cutting staff and concentrating on high margin businesses. The firm claims it will rake in $2.7bn in 2013 with what is left of the business. Partner news  Top stories Google has a widely used mapping tool and could adopt Waze’s technology to add social features to the software. The deal comes as Makani carries out the first fully autonomous flights of robot kites bearing its power-generating propellers. The validity period of BIT service is 30 days; the service cost is AMD 2500, with the maximum Internet speed of 384 kbps. The next generation iPad will keep its 2048 x 1536 Retina display by using a thinner 0.2mm piece of glass.   Partner news |  Latest news Gyumri to host Europe Day celebrations  The celebrations will feature a small information fair, with EU project representatives to brief the visitors on the initiatives launched.1st Armenian interactive fairy tale available for iPhone/iPod Touch The tale sparked great interest in Diaspora. Such projects, namely interactive version of “Alice in Wonderland”, are popular abroad.Expert says Russian FM’s remarks in context of Madrid Principles No decisive developments will follow the meeting between Russian and Azerbaijani foreign ministers, David Jamalyan said.Yerevan to host NOFI Festival of Non-commercial Films The jury includes renowned experts of noncommercial cinema and representatives of Union of Cinematographers of Armenia. |
