“Eastman Kodak Co. won the latest round in its patent dispute with Apple Inc. and Research In Motion Ltd., a victory with the potential to generate more than $1 billion in new licensing revenue for the camera company,” Susan Decker and Chris Burritt report for Bloomberg.
“Kodak rose as much as 25 percent in late trading after the U.S. International Trade Commission said it will review a judge’s findings from January that Apple’s iPhone and RIM’s BlackBerry don’t violate Kodak’s patent on a way to preview digital images using less processing power and storage space,” Decker and Burritt report. “The ITC, which can block imports of products that violate U.S. patents, plans to make a final determination by May 23.”
“Kodak, the 131-year-old company that popularized photography with the Brownie and Instamatic cameras, may be able to extract $1 billion from Apple and RIM should it win the case, Chairman and Chief Executive Officer Antonio Perez said in an interview yesterday,” Decker and Burritt report. “His figure was based on the combined $964 million received from settlements reached with Samsung Electronics Co. and LG Electronics Inc. over the same patent.”
Decker and Burritt report, “The patent covers a feature that previews low-resolution versions of a moving image while recording still images at a high resolution. Higher resolution requires more processing power and storage space. Kodak, which generated $838 million from patents last year, contends the image-preview feature is used in every digital camera and phone with a camera.”
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