“According to a filing (PDF) submitted to the US Bankruptcy Court in the Southern District of New York, Apple states that Kodak is seeking authority to ‘enter into a $950 million postpetition financing facility secured by security interests in and liens upon substantially all of Kodak’s assets, including certain patents that are subject to ongoing patent ownership and patent infringement disputes between Kodak and Apple,’” Dilger reports. “In the filing, Apple notes that the dispute involves ‘pioneering work on digital camera and imaging technology and related hardware, software, and user and communication interfaces’ dating back to the early 1990s, when Apple partnered with Kodak ‘to explore how the two companies could work together on various projects including commercialization of Apple’s digital cameras.’”
Dilger reports, “Apple states that ‘through this collaboration, Apple disclosed the architecture for its confidential digital camera technology to Kodak subject to various non-disclosure agreements, which also provided that any improvements Kodak made to Apple’s disclosures remain the property of Apple.’ The company also notes that Kodak was ‘was the leader in film-based cameras at the time.’ In 1994, Apple released the $749 QuickTake 100, which Time profiled last year as ‘the first consumer digital camera’ and ranking among its ’100 greatest and most influential gadgets from 1923 to the present.’”
Much more in the full article here.
[Thanks to MacDailyNews Reader "Rainy Day" for the heads up.]