Kodak Hoping to Get $1 Billion From Apple and RIM for Patent Infringement

By Tracey E. Schelmetic March 28, 2011

When there's $1 billion at stake, people have a tendency to pay attention, which is why a lot of attention was focused Friday on what the International Trade Commission would have to say by day's end. Despite an ITC preliminary ruling that Apple and RIM aren’t infringing on camera image preview patents owned by Kodak, the camera maker was still hoping to pressure the companies into coughing up a billion dollars, according to the Mac Observer.

The U.S. ITC was expected to announce its decision before the end of Friday on whether or not it would uphold Judge Paul Luckern’s ruling from January that Apple and RIM aren’t infringing on Kodak’s patents, according to Bloomberg.

Kodak CEO Antonio Perez was keeping his fingers crossed, hoping the ITC would toss aside the judge’s ruling. Kodak “deserves to win,” Perez, 65, said in an interview in New York last week.

The patents in question target the iPhone along with several Blackberry smartphone models. Getting a reversal on the ruling would be a big deal for Kodak. According to Perez, his company relies on revenue from intellectual property licensing to make up for declining film sales, and to invest in its inkjet printer, packaging and software businesses.

“This is a log of money, big money,” Perez added.

It's big money Kodak needs. The company's stock, which lost almost half its market value in the past year, rose 32 cents, or 10 percent, to $3.45 at 9:55 a.m., Friday, in New York Stock Exchange composite trading, the biggest intraday gain since Dec 9, 2010.

Kodak has successfully used the ITC in the past to gain $550 million from Samsung and $414 million from LG for allegedly infringing the same patent it alleges Apple and RIM have violated. The ITC is a quasi-judicial arbiter of trade disputes that can block imports of products found to infringe U.S. patents. While the agency can’t order monetary damages, the threat of being shut out of the U.S. market often provides the incentive for settlements.

For their part, Apple and RIM both declined to comment on the case.

Tracey Schelmetic is a contributing editor for TechZone360. To read more of Tracey's articles, please visit her columnist page.

Edited by Tammy Wolf

TechZone360 Contributor

Related Articles

Why Blockchain Could Be a Gamechanger

By: Paula Bernier    1/22/2018

Blockchain has become closely associated with the controversial topic of cryptocurrency. And that's fine because blockchain is an enabling technology …

Read More

Consumer Privacy in the Digital Era: Three Trends to Watch

By: Special Guest    1/18/2018

Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …

Read More

CES 2018: Terabit Fiber - Closer Than We Think

By: Doug Mohney    1/17/2018

One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…

Read More

10 Benefits of Drone-Based Asset Inspections

By: Frank Segarra    1/15/2018

Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…

Read More

VR Could Change Entertainment Forever

By: Special Guest    1/11/2018

VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …

Read More