EK leitet den Turnaround durch Patentverkauf ein

Court Session Judge Gropper's Courtroom November 14, 2012

Besides the China & Korea interested in the patents, we now have Israelis. 2 Israel legal firms just came on board.

The bidder for the patents are only known to EK & the highest bidder. If roger knows who the highest bidder is good for him.

http://finance.yahoo.com/mb/EKDKQ/

 

 

http://timesofindia.indiatimes.com/tech/tech-news/...how/17214222.cms

 

14.11.2012 /11:00 am

12-10202-alg   Eastman Kodak Company    Ch. 11

http://www.nysb.uscourts.gov/calendars/alg.html

 

Ja, Kodak will das Ruder als Weltmarke herumreißen, aber das hätte vor 3 Jahren passieren müssen.
Quartalverluste im Milliardenbereich hätte einem Ceo auffallen können !

Hier in die Aktie und nicht in die Anleihe zu investieren ist Highrisk in meinen Augen.

So lange wir hier kein POR zusehen bekommen, der keine Ausbuchung der Shareholder beinhaltet, kann man nur auf einen Blindzock hoffen !

In der Regel enthält der POR die Ausbuchung der Aktionäre !

Gruß, Gropius  

http://www.bloomberg.com/video/...nancing-J4hbYwV3R1mPslbuT7FB5Q.html

http://www.sueddeutsche.de/r5438d/964507/Kodak-findet-Geldgeber.html

 

 

http://www.stockhouse.com/news/usreleasesdetail.aspx?n=8669025

 

 man sich bei den ammis verkneifen solche brocken rein zu schmeissen würde der kurs sicher auch schon wo anders stehen

MPID	Ask Price	Size	Date/Time
ATDF	0.219	20000	12:20
RAFF	0.219	2500	12:04
CDEL	0.2199	50000	12:00
PERT	0.22	100000	10:51
AFCO	0.22	2500	12:27
BTIG	0.224	2500	11:31
NITE	0.226	17254	09:38
UBSS	0.227	40000	11:51
ETRF	0.229	150000	10:48

 

Kodak to keep control of bankruptcy through February 28, Reuters reports

Kodak (EKDKQ) has been granted court permission to retain exclusive control of its bankruptcy case through February 28 as it looks to execute a $793M financing offer from bondholders, Reuters reports. The publications says Kodak remains in talks with Apple (AAPL) and Google (GOOG) for patents, and says it is "confident" the patents will fetch $500M. Reference Link

http://www.theflyonthewall.com/permalinks/...ebruary--Reuters-reports

http://www.reuters.com/article/2012/11/14/...cy-idUSL1E8ME9K420121114

 

Monatelang hat Kodak nach Eröffnung des Insolvenzverfahrens versucht, neues Kapital in die Kassen zu holen. Zunächst sollten Patente versilbert werden, doch dieses Vorhaben hat sich nicht so entwickelt, wie der Fotopionier dachte. Interessenten waren nicht bereits den anvisierten Preis zu zahlen.

Nun erhält das Unternehmen Schützenhilfe aus dem Bankenumfeld. Die Großbanken UBS und JP Morgan Chase sowie zwei weitere Firmen greifen Kodak mit 793 Millionen Dollar unter die Arme.

Mit diesem Kapital will das Unternehmen den Neuanfang wagen. Der Deal setzt allerdings voraus, dass Kodak die erwähnten Patente für 500 Millionen Dollar verkauft. Ursprünglich hatte Kodak geplant durch die Veräußerung der 1.100 Patente einen Betrag von rund drei Milliarden Dollar zu erwirtschaften. Es stellte sich jedoch in den vergangenen Monaten seit Eröffnung des Insolvenzverfahrens heraus, dass diese Summe deutlich zu hoch angesetzt war.

Konzernchef Antonio Perez will das Insolvenzverfahren 2013 beenden und den Hersteller zu einem Anbieter im Bereich Digital Druck umwandeln.

Das Insolvenzgericht muss der möglicherweise rettenden Finanzspritze noch zustimmen. Die Gelder setzen sich aus 476 Millionen Dollar aus neuen Krediten und 317 Millionen, die aus früheren Verbindlichkeiten umgetauscht werden, zusammen.

http://www.crn.de/hardware/artikel-97357.html

 

Apple, Kodak Discuss Patents and 4 Hot Stocks Seeing Action

Apple Inc. (NASDAQ:AAPL): Kodak (EKDKQ) was given permission by the court to retain exclusive control of its bankruptcy case through February 28 as it hopes to execute a $793 million financing offer from bondholders, according to Reuters. The publications stated that Kodak continues to be talking with Apple and Google (NASDAQ:GOOG) for patents, and states that it is “confident” the patents will gain $500 million.

http://wallstcheatsheet.com/stocks/...-hot-stocks-seeing-action.html/

 

Projecteo ist ein winziger Diaprojektor für auf 35-mm-Film belichtete Instagram-Fotos. Die Idee klingt etwas verrückt, kommt aber auf Kickstarter gut an - und verheißt das Wiederaufleben von Diaabenden mit Freunden und Familie im Kleinen.

http://www.golem.de/news/...ktor-fuer-die-hosentasche-1211-95738.html

 

 

Taiwan Semiconductor’s Exclusive Deal, Eastman Kodak Gets Financing Offer: Tech Business Roundup

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) will now be the sole supplier of the 20nm process to Xilinx’s (NASDAQ:XLNX) recently introduced 8-series FPGAs and second-generation 3D ICs and SoCs, according to the Chinese-language Commercial Times on Wednesday. Prior to this, the former said that its 20nm process has received about 50 product tape-outs with actual production likely to commence during 2014.

On Wednesday, Eastman Kodak Co. (EKDKQ.PK) was granted permission by Judge Alan Gropper in a United States Bankruptcy Court in Manhattan to retain sole control of its bankruptcy case through February 28th as the firm attempts to execute a $793 million financing offer from a group of bondholders. The present ruling allows Eastman to move forward with its plan without creditors pushing competing proposals. The company reported Monday that it selected a package in the above amount from UBS (NYSE:UBS), JPMorgan Chase & Co. (NYSE:JPM), Centerbridge Partners, and GSO Capital Partners. This agreement would require that Kodak receives a minimum of $500 million for the divestiture of its patents.

Don’t Miss: Will Apple or Google Be Kodak’s Savior?

http://wallstcheatsheet.com/stocks/...fer-tech-business-roundup.html/

 

Eastman Kodak has won time until February to negotiate a reorganization plan that would allow the company to exit bankruptcy. As part of the plan, the photography company is hoping to sell its patent portfolio to a list of potential buyers that include Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG).

Kodak remains confident that its patents will bring in the minimum amount of $500 million that is required under the terms of a $793 million loan package, and is still in talks with both Apple and Google despite several setbacks and delays. While separate groups led by the two tech companies submitted their bids for Kodak’s digital imaging patents in August, the conclusion of the auction was delayed indefinitely because of differences. The main problem centered on the fact that the bids were worth between $150 million and $250 million, much below Kodak’s original estimates of $2.6 billion.

On Thursday, Judge Alan Gropper of the U.S. Bankruptcy Court in Manhattan granted Kodak until February 28, 2013, to finalize its plans.

Kodak plans to sell its portfolio of patents and some businesses to exit bankruptcy by the middle of next year and emerge with a new focus on its commercial printing division. “Kodak has stabilized its global cash position, its core commercial imaging business is performing well, and Kodak anticipates being global operating cash flow positive upon emergence from Chapter 11,” spokeswoman Stefanie Goodsell told Reuters.

http://wallstcheatsheet.com/stocks/...r-google-be-kodaks-savior.html/

 

E-Z Photo Scan Launches the Great American Kodak Scanner Giveaway Contest for Two Kodak PS50 Photo Scanners

http://www.equities.com/news/...p;val=717163&d=1&cat=headline

 

 

09:00 AM

12-10202-alg Eastman Kodak Company Ch. 11

Motion to Authorize the Debtors to (A) Enter into Financing Commitment Documents for Secured Supplemental Postpetition and Exit Financing. (B) Incur and Pay Associated Fees, Costs and Expenses and (C) Furnish Related Indemnities

**************************************************

I believe that this is one of the most important days for EK to survive BK. It not only gets them financing but provides a way for a new and more leaner company.

We may also find out how much the patents are worth. Since EK is rushing this motion, they seem confident that they can get this measure through.

roger says there is an agreement between the major players to under perform on the bidding of patents by colluding on the bidding but the last I read, Samsung and AAPL are going tooth & nail at each other. Samsung is paying EK, so they have a large stake on the outcome. They are others players & countries that are interested in these patents and if EK can maximize its value, this may be a way out for EK.

http://www.nysb.uscourts.gov/calendars/alg.html

Thursday, November 29, 2012

 

Kodak Extends Retail Printing Relationship with CVS/pharmacy

ROCHESTER, N.Y.--(BUSINESS WIRE)--

Eastman Kodak Company today announced that it will extend its relationship with CVS/pharmacy through 2016. CVS/pharmacy operates 7,400 stores across the U.S. and is the largest customer of Kodak’s Retail Systems Solutions (RSS) business. RSS is the world leader in retail print solutions with a global footprint of 105,000 KODAK Picture Kiosks.

“CVS/pharmacy is a valued partner to Kodak. This four-year extension of our relationship is great news for both companies, and for consumers who enjoy our services,” said Laura Quatela, President of Kodak and Personalized Imaging. “Together, Kodak and CVS/pharmacy have advanced the in-store photo experience, offering consumers a variety of quality, personalized products they can create instantly and easily. We thank CVS/pharmacy for their partnership and look forward to continuing to work with them to grow their photo services business.”

CVS/pharmacy has over 15,000 KODAK Picture Kiosks in its stores. As part of this agreement, CVS/pharmacy will be upgrading and expanding its fleet of KODAK Adaptive Picture Exchange (APEX) dry lab systems, which provide a more economical way for retailers to produce photo products, improve profitability, reduce their environmental footprint, and expand their customer offerings. Following the positive customer response to the print from FACEBOOK feature, CVS/pharmacy recently launched mobile printing from smartphones to the KODAK Kiosk.

Because this new agreement resolves certain pre-chapter 11 issues between the two companies, it will be brought before the Court for approval at a hearing scheduled for December 7.

“As we proceed with the sale process for the Personalized Imaging business, which includes RSS, this agreement is further proof of customer demand for Kodak’s market-leading products and services – and potential buyers recognize this,” added Quatela. “We remain strongly committed to providing our customers with the high level of service we always have.”

About Kodak Retail Systems Solutions

Retail Systems Solutions (RSS) is a market-leading business that is part of Kodak’s Personalized Imaging business. RSS is the world leader in retail print solutions with 105,000 KODAK Picture Kiosks at retail locations across the globe. Kodak introduced the first photo kiosk in 1993. Its KODAK Adaptive Picture Exchange (APEX) dry lab solution also has number one market share worldwide. Kodak’s solutions help retailers advance their in-store photo centers and offer consumers a variety of unique photo products including photo books, personal greeting cards, collages, calendars, and more. For more information, please visit www.kodak.com/go/rss.

 

http://finance.yahoo.com/news/...printing-relationship-213000892.html

 

 

http://www.macnotes.de/2012/11/17/...ni-projektor-fur-instagram-fans/

http://www.techfieber.de/2012/11/17/...ruckkehr-des-dia-abends-video/

 

Eastman Kodak Co. EKDKQ +2.01%struck a deal that will keep more than 15,000 of its photograph-printing kiosks in CVS Caremark Corp.'s CVS +0.60%retail stores for the next four years.

Under the deal, Kodak's photo kiosks will remain in CVS pharmacy stores through 2016, ensuring the eventual buyer of Kodak's personalized imaging business doesn't lose the biggest customer for its kiosks. An existing agreement is otherwise set to expire at the year's end.

"At this juncture, as the debtors are seeking to market their personalized imaging business, which includes the [kiosk] operations, for sale, maintaining a customer relationship with CVS is essential to maximizing value of the business," Kodak said in court papers filed Friday.

Kodak, which is operating under bankruptcy protection, said it has 105,000 photo-printing kiosks around the world, more than 15,000 of which are located throughout some 7,400 CVS stores in the U.S. Customers can upload, edit, share and print images at the kiosks, which Kodak began putting in retail stores in the early 1990s.

In addition to preserving CVS and Kodak's existing relationship, the deal also resolves competing claims between the two companies. Kodak agreed to reduce its $10.87 million claim by $4.5 million and will get $6.37 million from CVS. CVS will also get an $18.35 million unsecured claim against Kodak, payable under the latter's reorganization plan.

The U.S. Bankruptcy Court in Manhattan will consider approving the agreement at a Dec. 7 hearing.

http://online.wsj.com/article/...101030879618.html?mod=googlenews_wsj

 

Respected stock market analysis website Seeking Alpha doesn’t think too highly of the way Kodak CEO Antonio M. Perez is leading the beleaguered photo company:

It would not be the first time that Mr. Perez, who became CEO of Kodak in 2005, has attempted to receive a large payment for his services to the detriment of his company. We had concerns about Kodak’s compensation policies in May 2010, when we noted practices such as Mr. Perez’s having amended (for the fourth time) his initial employment agreement and received an ad hoc award of 500,000 stock options at a low exercise price of $4.54 in October 2009 for “retention purposes.” Although Mr. Perez’s compensation decreased by around 55% year over year to $5.7 million in 2010, it remained grossly disproportionate compared to those of his subordinates, given that the median pay for Kodak’s other named executive officers was only $1.1 million. This suggests that Mr. Perez’s board – which he also chairs – allowed him so much freedom that he was able to prioritize his own interest ahead of his staff, customers and investors.

Earlier this month, Kodak was given permission to stop providing health and welfare benefits to tens of thousands of retirees. The move came just months after the company asked for permission to hand out $13.5 million in bonuses to 300 executives and employees.

http://www.petapixel.com/2012/11/19/...ensation-even-amid-bankruptcy/

 

Intel, Tom Tom, Kodak: Das iPhone wandelt die Wirtschaft

Der Siegeszug von Smartphones und Tablets bringt ganze Branchen ins Wanken. Geschäftsfelder brechen weg, andere entstehen. Wir haben einige Beispiele aufgelistet, die das iPhone und Co. für die Wirtschaft gebracht haben

http://www.wiwo.de/unternehmen/it/...=false&p=2&a=false#image

 

 Kodak and CVS/pharmacy continue four-year partnership

http://www.bestsyndication.com/...tend_agreement_for_photo_kiosks.htm

 

Declaration of Lazard MOTION AUTHORIZING DEBTORS TO ENTER INTO EXIT FINANCING

This just came out. Shorts its only a matter of time. PRO was right all along but you won't admit it because it gets to you personally.

roger tell Bill he needs to write a BIGGER check. Besides the Chinese, Koreans, Israelis, its now the folks from India interested in the patents or RSS.

roger, Blackstone is coming Shorts. Go and read for yourself. It was not written by PRO.

From the Lazard document:

"the positive effect on the Debtors of receiving new money investments by sophisticated investors who have reviewed the Debtors's post-emergence prospects."

http://finance.yahoo.com/mbview/threadview/...5e69&tls=la%2Cd%2C0

 

fokked boys. take care!!