AAPL and GOOG bidding to buy Kodak`s Patent its going to b a war
Heres the news from thursday that companies in the Silicon valley were bidding to buy Kodak patents, it doesnt say who but was just annouced on Bloomberg that its Apple and Google bidding is currently at 500 million for Kodak, remember Kodak has the most and best digital images patents so they were smart to get off thier butt to buy the patents up. Kodak says the patents are worth 2.6 billion, if they even get half of that they wouldnt need to go bankrupt and they would be in the surplus, thier only 600 million in debt. Even though Kodak`s stock is up i DONT recommend buying a company in bankrupcty.
(Reuters) - A collection of bidders has offered Eastman Kodak Co (EKDKQ.PK) more than $500 million for some of its digital imaging patents, the Wall Street Journal reported, citing people familiar with the matter.
The deal was submitted in the past few weeks and has not been finalized. The details of the bidders involved, aside from being made up of Silicon Valley technology companies and firms that specialize in buying patents, could not be confirmed, the Journal said.
Well according to the latest lawsuit against Samsung by Apple patents are no longer worth the the paper they are printed on. So why buy them. From what I see, if someone sues you for something you discovered and did a patent on, it's not going to be enforced.