Cloud Computing: Google & Apple Stint on Kodak Patents

Eastman Kodak was hoping to garner $2.2 billion-$2.6 billion from its broadly licensed 1,100 patents to repay creditors and reorganize. It reportedly got opening bids of $150 million-$250 million from two consortia involving Google-RPX-Samsung-LG-HTC on the one hand and Apple-Microsoft-Intellectual Ventures on the other according to the Wall Street Journal. The bankruptcy court has thrown a cloak of invisibility over the process until a winner emerges but Kodak is reportedly unlikely to see more than $600 million. Of course there’s no telling where it could wind up although its prized patent was invalidated by the International Trade Commission last month.

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