Friday, March 25, 2011

WSJ: ITC Revives Kodak Hopes in Apple, RIM Patent Case

A mixed day for Apple at the ITC.  From the WSJ:

The U.S. International Trade Commission elected Friday to review a patent-infringement complaint by Eastman Kodak Co. against Apple Inc. and Research in Motion Ltd., reversing a January recommendation from an ITC judge.
The ITC said it would review the initial patent ruling in its entirety. The complaint tries to determine whether Apple's iPhone and Research in Motion's BlackBerry violated Kodak's patents on technology to preview images.
The agency originally found Kodak's patents were invalid and hadn't been infringed. The Commission said Friday that one or more cease-and-desist orders may be issued upon further review of the case.
Such orders could keep Apple and RIM from importing or selling mobile devices with digital cameras in the U.S. A final decision is expected by May 23.
The news prompted shares of Kodak to surge 20% in after-hours trading to $4.07, adding on to Friday's 8.6% gain in the regular trading session.
Even with today's 20% "surge," EK is still ~20% below its January 24 price of $5.22.

A settlement or licensing agreement before May 23 would not surprise me.

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