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Tuesday, August 7, 2012

Kodak patents attract 'low bids' from Apple and Google

Kodak stand
 Kodak helped pioneer digital photography, but saw other firms secure most of the industry's profits

Kodak's efforts to save itself from collapse have been dealt a setback after initial bids for some of its patents came in significantly below target, according to reports.
The firm's court filings suggested its 1,100-plus digital imaging innovations were worth as much as $2.6bn (£1.7bn).
But two offers are said to have only ranged between $150m (£95.6m) and $250m (£165m).
Apple and Google are reported to be involved with the rival bids.

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