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July 26, 2011 / David Bleeker

Kodak shopping patents around as losses mount and ITC ruling nears

Even as Kodak anxiously awaits a ruling from the International Trade Commission that could bring in more than a billion dollars in revenue from Apple and RIM, the photography company is counting on its patent portfolio to reverse a string of losses that have sent shares of its stock tumbling.

Eastman Kodak posted a loss of $179 million, or 67 cents per share, in the second quarter, down from a loss of $167 million in the year ago quarter, Reuters reports. Though the results were better than Wall Street had expected, investors continued to pressure the company on its strategy for turning itself around. Shares of Kodak are down more than 56 percent since the beginning of the year.

Kodak has said it hopes to transform into a “digital profitable and sustainable company by 2012.” During an earnings call, Chief Executive Antonio Perez highlighted Kodak’s efforts to capitalize on its patent portfolio as part of its company strategy. [read more]


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