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Late last week, Kodak was dealt a blow by the International Trade Commission, which upheld a judge’s ruling that Apple and RIM didn’t infringe on digital image preview technology. Kodak had been hoping to get a $1 billion settlement. The patent at issue is No. 218 and it’s technology is in most cameras.

The Wall Street Journal reports this ruling was a blow in another way. It may have drastically reduced the value of the patents Kodak is trying to sell. Kodak had estimated the digital image portfolio could be worth $2.6 billion. WSJ interviewed one expert who says the ruling will hurt big time and another who said it won’t:

“Any time one of your prime assets is considered invalid, it hurts the overall value of your patents in a major way,” says Dean Becker, chief executive of ICAP Patent Brokerage, which is advising clients with interest in the portfolio. Mr. Becker says future bids, which are due July 30, are likely to come in lower.

(snip)

“We wouldn’t expect the ITC decision to have a significant effect on potential bidders, because there is an understanding that this was always going to be decided by the federal court, regardless of who brought the appeal, and the federal court has great latitude in this respect,” the person said.

(snip)

But patent experts have been less enthusiastic about the value of Kodak’s portfolio, which involves patents related to imaging—a key function of smartphones, but not related to core mobile-communication technologies. Kodak’s patents have also been heavily licensed, diminishing their future value, patent experts said.

The patent sale is crucial to Kodak’s emergence from bankruptcy.

Links of the Day:

– Need to see a dermatologist? The wait in parts of Upstate New York is really long. The shortage of dermatologists is particularly acute in Central New York, where patients can wait months for an appointment. The University of Rochester Medical Center only has three dermatology residency slots a year.

– East Rochester is offering incentives to turn houses back into single-family units.

– Stores and restaurants in Erie County sometimes don’t like it when their competitors get lucrative tax incentives.

 – The Aurora theater shooting suspect bought thousands of rounds of ammunition online as easily as one buys a book on Amazon.

2 Responses to Kodak Auction Near

  1. Pingback: A Difference of Opinion « Brighton Securities Blog

  2. Dermatology is also one of the most competitive residency programs to match into, mostly for the lifestyle of the speciality, which is excellent with high reimbursements.

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