There was a time when Kodak controlled more than 90% of the US film market, and 85% of all camera sales. However, a lot can change in 35 years.
Unfortunately, the Rochester, New York-based company is going through a tough time.
Currently, Kodak is in the process of filing for Chapter 11 bankruptcy protection, and looking to sell off its patent portfolio in hopes to restructure its business. As it turns out, those patents may not be worth as much as it thinks they are.
The US International Trade Commission (ITC) upheld a previous ruling on Friday. ITC stated that Kodak’s patent infringement claims were invalid, and thus, dismissed the case.
“The trade body’s six commissioners agreed with a recent decision from an ITC Administrative Law Judge who in May concluded the patent to be invalid. Kodak first asserted U.S. Patent No. 6,292,218 for “Method for Live VIew Display and Digital Camera Using Same” against Apple and the BlackBerry maker in 2010 as devices from both companies allegedly used “live view” technology purportedly covered by the ’218.”
This is a major setback for Kodak. Previously, Samsung had said that the ’218 patent was among the strongest in its portfolio. In fact, it was hoping the ’218 would help drive up the price of its upcoming IP auction. However, after this ruling, its goal of raising $2.6 billion seems to be going down the drain.
Source: iDownload Blog