“Eastman Kodak Co. (EKDKQ) lost a ruling in a two-year legal fight against Apple Inc. and Research In Motion Ltd. over a patent for digital image-preview technology, a decision that may hurt the value of assets Kodak is selling,” Susan Decker and Beth Jinks report for Bloomberg.
“RIM and Apple didn’t violate Kodak’s rights because the patent is invalid, U.S. International Trade Commission Judge Thomas Pender said in a notice posted on the agency’s website… Pender said that the aspect of the patent that was in the case covered an obvious variation of earlier inventions. He did say that, were it valid, BlackBerry devices and the Apple iPhone 3G would infringe it, while the iPhone 3GS and iPhone 4 do not,” Decker and Jinks report. “Kodak said it will appeal the findings with the six-member commission in Washington, which has the power to block imports of products that infringe U.S. patents.”
Decker and Jinks report, “Kodak, which filed for Chapter 11 bankruptcy protection in January, contends Apple already owes it more than $1 billion in damages for infringement of this and other digital capture patents, according to a bankruptcy court filing this month… Kodak shares, which have traded over the counter since the bankruptcy, fell 35 percent, to 17.3 cents at 2:25 p.m. on the news.”
Much more in the full article here.