Wednesday, August 17, 2011

Eastman Kodak Soars On Patent Speculation

Shares of Eastman Kodak Co. (NYSE: EK) jumped more than 10% on Wednesday after Bloomberg reported that its patent portfolio could be worth five times more than its business. The digital-imaging patents owned by Kodak may now be worth $3 billion in a sale, according to MDB Capital Group, Bloomberg reported late Tuesday. Speculation around the value of its patents could make it a likely target in the recent intellectual property buying spree by technology companies. On July 20, Kodak said that it was exploring "opportunistic alternatives" for its digital-imaging patents, which represent about 10% of its total U.S. patent portfolio. Stay tuned for more.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire