Kodak Launches Sale of Patents

Dana Mattioli — Thu, 18 Aug 2011 00:15:53 +0000

Eastman Kodak Co. has kicked off its patent sale, as the beleaguered imaging company seeks to ride the bull market for patents and capitalize on its intellectual property in the booming market for tablet computers.

Investment bank Lazard Ltd. began marketing the portfolio this week, reaching out to companies that might be interested, said a person familiar with the matter. One interested company is a large, strategic buyer in the wireless industry looking to use the patents for defensive protection, said another person familiar with the matter.

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Nortel Agonistes

John Paczkowski — Fri, 12 Dec 2008 22:53:07 +0000

Nortel Networks is slipping closer to the abyss each day. Earlier this week it was reported that the long-suffering telecommunications equipment maker is seeking advice from Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton about bankruptcy proceedings. Now comes news that it has received a delisting notice from the New York Stock Exchange. If Nortel (NT) can’t get its stock price above the required $1-a-share minimum the NYSE requires, its shares, which have lost a stupefying 97 percent of their value this year, will be delisted.

Grim news for the once-darling tech company, which was worth about $250 billion.

Its market value today: about $275 million.

AllThingsD » Lazard Ltd

Kodak Launches Sale of Patents

Nortel Agonistes