Kodak began selling patents to push the share price up 26%

Sina Science and technology news in Beijing August 18 morning, people familiar with the situation, Eastman Kodak (hereinafter referred to as "Kodak") has begun to peddle its digital image patent portfolio, hoping to attract buyers attention, thus converting this part of intellectual property into cash. The Wall Street Journal, citing people familiar with the matter in Wednesday, said the investment bank Lazard this week to sell the Kodak patent portfolio, attracting the interest of a large strategic buyer in the mobile industry.　　Kodak's share price was closed to $2.69 in regular trading in Wednesday, up 55 cents from the previous session, up 25.7% per cent, and rose to 2.88 US dollars, or 7% per cent, in the intraday trading. Both Kodak and Lazard declined to comment on the news. Kodak announced in July this year that it is considering selling 1100 digital image patents, which account for about 10% of its patent portfolio. The company hired Lazard to study the "strategic options" of these patents.　　With the film business shrinking, Kodak began to become more active in authorizing its patents. Since 2008, patent licensing fees and royalties have brought Kodak nearly 2 billion dollars in revenue. Patents have been bullish in the tech sector as technology companies have stepped up technology to counter rivals ' threats. Kodak has now sued Apple and Rim in court, saying the camera capabilities of the two companies ' smartphones violate their patents. (Xuan Chen)