The following is excerpted from a January 4, 2012 article by Larry Dignan of ZDNet:
According to the Wall Street Journal, Kodak is looking for US$1 billion in debtor-in possession financing, which keeps companies running in a restructuring, with the idea that it would sell its 1100 patents in an auction.
In other words, Kodak is betting that it can land capital like Nortel Networks did — via a bankruptcy court auction. Kodak is trying to sell the patents to avoid a bankruptcy filing.
Read the full article here.
The case of Kodak shows the increasing importance of patent enforcement. Though some in the anti-IP crowd seem to feel as if any form of patent litigation is evil, it's worth noting that a major institution like Kodak splintered due in part to its failure to timely and effectively enforce its IP rights.
http://www.aminn.org/patent-legislation
Posted by: patent litigation | February 05, 2012 at 01:51 PM