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Wednesday, 11 January 2012 - Kodak sues Apple, HTC over digital image patents |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh James Saft Lucy P. 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Eastman Kodak Co announced a new business structure on January 10, 2012, that eliminates its film group as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties. Picture taken January 6, 2012. Credit: Reuters/Gary Cameron By Jonathan Stempel Tue Jan 10, 2012 5:20pm EST (Reuters) - The struggling Eastman Kodak Co on Tuesday sued Apple Inc, whose market value is more than 2,400 times greater, accusing it of infringing four patents related to digital camera images. Kodak also sued Taiwan's HTC Corp, alleging violations of the four patents as well as a fifth. It said it filed a related complaint against both companies with the U.S. International Trade Commission. Apple did not immediately respond to requests for comment. An HTC spokeswoman said it is premature to comment until that company can review Kodak's complaints. Kodak is trying to preserve value as the money-losing company, which had been left behind by rivals that embraced digital camera technology faster, tries to raise cash by selling a large patent portfolio. It also has patent litigation against Research in Motion Ltd, which makes the BlackBerry. The Wall Street Journal has said Kodak may file for bankruptcy, a prospect the company has declined to discuss. Kodak on Tuesday unveiled a revamped business structure, and its shares, which trade below $1, rose 50 percent. In its lawsuits, Kodak said it obtained its patents after concluding it would be desirable for people to easily share pictures from their digital cameras without first transferring them to personal computers. It said Apple and HTC are infringing the patents by selling and importing mobile camera phones, tablets and other devices, among them Apple's iPad 2, the iPod touch and various iPhones. Kodak wants to stop Apple and HTC from selling these products, and seeks compensatory and triple damages. It filed the federal lawsuits in its hometown of Rochester, New York. Shares of Kodak closed Tuesday up 20 cents at 60 cents. That gave it a market value of about $162 million, Reuters data show. Apple shares closed up $1.51 at $423.24, valuing the company at about $393 billion, Reuters data show. The stock touched a record high on Monday. The case are Eastman Kodak Co v. Apple Inc, U.S. District Court, Western District of New York, No. 12-06020; and Eastman Kodak Co v. HTC Corp et al in the same court, No. 12-06021. (Reporting by Jonathan Stempel in New York; Editing by Tim Dobbyn and Richard Chang) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (3) jscott418 wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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