Friday, October 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > Digital Cameras > Judge A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 20, 2013
Judge Approves Kodak Plan to Exit Bankruptcy


The U.S. Bankruptcy Court has given Eastman Kodak the green light on Tuesday for a plan to emerge from bankruptcy as a much smaller digital-imaging company.

The ruling puts Kodak on track to exit bankruptcy in September.

Kodak filed a $6.75 billion bankruptcy in January 2012, weighed down by high pension costs and a years-long delay in embracing digital camera technology.

With the court approval, the company's exit from bankruptcy is now imminent, Chief Executive Antonio Perez said in a statement.

"Next, we move on to emergence as a technology leader serving large and growing commercial imaging markets," he said, adding the company will have a leaner structure and a stronger balance sheet.

The company has sold off assets and will emerge from Chapter 11 to focus mainly on commercial products such as high-speed digital printing technology and flexible packaging for consumer goods.

When it filed for bankruptcy, Kodak hoped to fetch more than $2 billion for about 1,100 patents related to digital imaging. But due in part to losses in high-profile patent litigation with Apple, the company was only able to sell the portfolio for about $525 million to a consortium led by Intellectual Ventures and RPX Corp.


Previous
Next
Google Maps To Show Real-time Incidents        All News        Pioneer Connects the Dashboard with a New Line of In-Dash CD Receivers
New Canon PowerShot Models Provide Powerful Optics, Fast Autofocusing     Digital Cameras News      Panasonic DMC-FZ70 Lumix camera Has A 60X optical Zoom

Get RSS feed Easy Print E-Mail this Message

Related News
Kodak Emerges From Bankruptcy Focused on Imaging for Business
Kodak, Major Financial Institutions Agree to Arrange Exit Financing Package
Kodak Seeks Approval for $406 Million Rights Offering
Kodak Positioned to Emerge from Bankruptcy in the Third Quarter
Kodak Posts First Quarter Profit
Kodak To Sell Document Imaging Business to Brother
Kodak Completes $527 Million Sale Of Digital Imaging Patents
Court Approves Kodak's $525 Patent Sale Plan To Consortium
Kodak Sells Patents For $525 Million
Apple and Google To Jointly Bid For Kodak Patents
Kodak Accepts Improved Financing
Kodak To Borrow $793 Million

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .