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Kodak sells patent portfolio for $525 million

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Kodak, the imaging pioneer currently in bankruptcy, has sold its digital imaging patent portfolio for $525 million, a move that should help it emerge from bankruptcy in the new year. The purchasing company is a consortium of 12 led by patent-holding company Intellectual Ventures and thepatent risk advisory firm RPX Corporation. There are some notable names in the consortium, which are listed below: ...

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Wow that seems really really low.
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Is that what they call it now? A "consortium."
Lets see, a group of large corporations colluding to reduce competition and litigation among themselves; sounds like a cartel.
We all know how great cartels are for competition and the consumer...
This message has been edited since its posting. Latest edit was made on 20 Dec 2012 @ 1:39
Once a great company and now food for the volgers.

Forza Juve!!
As long as they manage to keep pumping out the Tri-x 400 I'm happy.
It is really sad to see this once great company on it's heels and even sadder to see Apple amongst the consortium, or as one person put it already cartel.
Kodak woke up to the digital revolution way too late - of course professionals were saying at the time they would never go digital, words they have eaten now.
I hope that Kodak are able to pull their show around and weather the storm it would be a shame if the brand vanished into tech oblivion.
Will be interesting to see how the patent sharing works Apple have never struck me as a company that like to share their developments.

Newbie with Panasonic NV-BS60B
"There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarrely inexplicable.
There is anothe
Governments = Corps. Protectors (Laws)
Countries = Farms
Consortium = Corporation Cartel
Employees = Wage-Slaves (Sheep's)
Customers = Brainwashed
This message has been edited since its posting. Latest edit was made on 22 Dec 2012 @ 15:39

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.
Thanks for the clarification MrGuss :)
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