Arab Today, arab today kodak fate could hinge on selling patents
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Kodak fate could hinge on selling patents

Arab Today, arab today

Arab Today, arab today Kodak fate could hinge on selling patents

San Francisco - AFP

Iconic US camera maker Kodak Eastman on revealed Thursday that surviving another year could hinge on selling patents or borrowing money. The warning was filed with US regulators on the same day that Kodak reported it lost $222 million in the quarter ending September 30 despite an encouraging 44 percent increase in its inkjet printer business. Overall revenue in the quarter sank 17 percent to $1.462 billion when compared to the same period a year earlier. The New York State company said in a Securities and Exchange Commission filing that the ability to continue operations in the coming 12 months depended on an infusion of cash from selling patents or taking on debt. The 131-year-old company said it could seek as much as $500 million in financing. Kodak noted in the filing that it can not assure either method of raising cash will work. Kodak chief executive Antonio Perez said during an earnings conference call that he was pleased with the interest expressed in a batch of patents the company targeted for the auction block about four months ago. \"These required statements shouldn\'t be misunderstood in any way as a dampening of my optimism in our ability to complete the sale of our digital-imaging patent portfolio, which is very high,\" Perez said. The company, which has hired a law firm for advice on a possible restructuring, said in late July that \"exploring strategic alternatives\" for its patents for digital imaging. Kodak lowered its revenue forecast for the year and raised its expected operating loss to somewhere between $400 and $600 million. The company\'s stock price slid more than six percent to $1.12 per share in after hours trading that followed the release of the earnings report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kodak fate could hinge on selling patents Arab Today, arab today kodak fate could hinge on selling patents

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kodak fate could hinge on selling patents Arab Today, arab today kodak fate could hinge on selling patents

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday