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From: Glenn Petersen1/4/2012 2:04:32 PM
1 Recommendation   of 451
 
The WSJ is reporting the breaking news that, "Kodak is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fail."

Edit - The actual story:

online.wsj.com 

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From: Glenn Petersen1/12/2012 10:08:05 PM
   of 451
 
Kodak eyes bankruptcy cash from Citigroup: report

Thu Jan 12, 2012 9:18pm EST (Reuters) -

Eastman Kodak Co ( EK.N) is in advanced talks with Citigroup Inc ( C.N) to obtain financing that would be used if the money-losing photography company files for bankruptcy protection, Bloomberg News said on Thursday, citing three people familiar with the matter.

Advisers to Kodak are also lining up a "stalking horse" that would become the lead bidder for a patent portfolio should it be auctioned via the Chapter 11 process, the newswire said, citing one of the people.

Neither Kodak nor Citigroup immediately responded to requests for comment.

Shares of Kodak fell 7.2 cents to 60 cents in after-hours trading following the report. They had closed regular trading down 14.3 cents, or 17.5 percent, at 67.2 cents.

Kodak has been left behind by rivals that embraced digital camera technology faster.

The Rochester, New York-based company is trying to raise cash by selling a large patent portfolio, a sale that could enable it to avoid bankruptcy.

It also has patent litigation against such companies as Apple Inc ( AAPL.O), Taiwan's HTC Corp ( 2498.TW) and BlackBerry maker Research in Motion Ltd ( RIM.TO) ( RIMM.O), which if successful could boost the value of its patents.

On Tuesday, Kodak restructured its business operations, but it was unclear whether this would be enough to restore the company's health sufficiently fast.

According to published reports, Kodak may file for Chapter 11 protection by early February, and seek about $1 billion of debtor-in-possession financing to keep it operating while in bankruptcy.

The company is scheduled to report fourth-quarter results on January 26.

(Reporting by Jonathan Stempel in New York; Editing by Richard Chang)

reuters.com 

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From: Sr K1/19/2012 12:47:50 AM
   of 451
 
Kodak Files for Bankruptcy in New York

By Joe Schneider - Jan 19, 2012 12:17 AM ET

bloomberg.com 

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To: Sr K who wrote (418)1/19/2012 2:23:20 AM
From: Stoctrash
   of 451
 
Kaboom.....poof.....bye bye EK common.

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From: Sr K1/20/2012 8:57:54 PM
   of 451
 
kodaktransforms.com 

EKDKQ Eastman Kodak Co.
Common Stock OTCQB

.313

Real-Time Best Bid & Ask0.3135 / 0.3148 (30000 x 5000)

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To: Sr K who wrote (420)1/23/2012 10:11:25 AM
From: Stoctrash
   of 451
 
yeah.....a pinky now.
Patent portfolio will be interesting.....

fwiw...As parting gifts I've heard many long time employees got equip & patents they worked on while they were there...,,,.what is left I have no clue.



google.com 

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From: Glenn Petersen1/23/2012 10:19:53 AM
   of 451
 
New symbol:

Kodak Retreats in Over-the-Counter Trading After Bankruptcy

By Nick Baker - Jan 19, 2012 12:43 PM CT
Bloomberg

Eastman Kodak Co.’s shares declined in over-the-counter trading after the photography pioneer’s bankruptcy filing prompted the New York Stock Exchange to delist the securities.
They fell 45 percent to 31 cents at 1:37 p.m. New York time on volume of 49 million shares. The Rochester, New York-based company’s stock symbol changed today to “EKDKQ” from “EK.”

Kodak started trading at the New York Stock Exchange in April 1905, according to data compiled by the market.

To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

bloomberg.com 

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From: Lahcim Leinad4/27/2012 12:07:34 PM
   of 451
 
Kodak still far from profit

Kodak saw mixed performance on Friday as it fought to get back to profitability. Although it now had a cash balance of $1.4 billion, up from $500 million in a pre-bankruptcy fall 2011, its losses widened from $246 million to $366 million. The deeper impact was pinned on restructuring costs as the company hoped to sell off money-losing divisions.

Its revenue dropped 27 percent from a year ago, to $965 million, as it eliminated the camera business that had defined the company for much of its life.

Losses are likely to shrink as the reorganization costs go down. The company's position is still uncertain, as it will have few businesses outside of printers if and when it exits bankruptcy.

Much of Kodak's fate could still ride on lawsuits. A successful exit from bankruptcy would see it face an on-hold Apple lawsuit Kodak has also been suing Apple, Samsung, and HTC in an attempt to restore its financial position through patent disputes. Similar attempts to extract royalties from Apple and RIM failed and might reflect Kodak's legal future.

Read more: electronista.com 

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From: Lahcim Leinad5/16/2012 3:36:06 PM
   of 451
 
Did you know? Kodak Park had a nuclear reactor | Democrat and Chronicle | democratandchronicle.com


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From: Lahcim Leinad5/21/2012 3:50:01 PM
   of 451
 
Kodak Loses Trade Ruling in Patent Case Against RIM, Apple - Businessweek

Eastman Kodak Company(PINK: EKDKQ)
0.192 -0.074 (-27.78%)
Delayed: 3:33PM EDT
PINK data delayed by 15 mins - Disclaimer
Currency in USD

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