Kodak patent auction approved

2012-07-03 14:51
Kodak has won approval for a patent auction, despite objections from Apple. (Supplied)

Kodak has won approval for a patent auction, despite objections from Apple. (Supplied)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

New York - Beleaguered photography pioneer Kodak said a US bankruptcy court has approved its bid to auction off more than 1 100 patents despite objections by Apple and FlashPoint over a small number of them.

Buyers will submit bids on a confidential basis for the auction, which is expected to be held early in August, Kodak said in a statement on Monday.

"The Apple and FlashPoint claims are baseless and Kodak will still seek dismissal on summary judgment in July," Timothy Lynch, Kodak vice president and chief intellectual property officer, said.

"Today's ruling provides a court-approved process allowing buyers to acquire the patents free and clear of all ownership allegations, regardless of the status of the dispute with Apple and FlashPoint at the time of closing."

Neither Apple nor FlashPoint could immediately be reached for comment.

Eastman Kodak filed for bankruptcy in January, succumbing to a 15-year digital assault by younger rivals.

The company hopes that Chapter 11 bankruptcy protection will give it time to reorganise its businesses to avoid being shut down entirely.

The auction will include a bundle of some 700 patents covering image capture, processing and transmission technologies for digital cameras and other devices, including smartphones and tablets equipped with cameras.

The other portfolio, including some 400 patents, covers tools for image analysis, manipulation, tagging, and network-based services.

The Rochester, New York-based company, started in 1892, led the way in popularising the cameras, film, slide projectors and home videos that allowed generations of users to preserve family photos and other memories.
Read more on:    apple  |  kodak  |  technology

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

linking and moving

2015-04-22 07:36

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Inside News24


Meet instagram star, Pumpkin the racoon

With 300 000 followers and growing Pumpkin is winning over the internet!



The cats that cost R35 000
Miley Cyrus can’t get enough of her new puppy
13 guilty pets
Meet SA's top poacher-catcher

Book flights

Compare, Book, Fly

Traffic Alerts

In order to really connect to your feelings, you need to quieten your mind. Let go of expectations and connect to the moment you...read more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.