Kodak CEO to Apple: Give Us $1B for Camera Patents


The U.S. ITC is expected to announce before the end of the day on Friday, March 25, its final decision on whether or not it will uphold Judge Paul Luckern’s ruling from January that Apple and RIM aren’t infringing on Kodak’s patents, according to Bloomberg.

Kodak CEO Antonio Perez is keeping his fingers crossed hoping the ITC will toss aside the Judge’s ruling. “[Kodak] deserves to win,” he said.

The patents in question target the iPhone along with several Blackberry smartphone models.

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Getting a reversal on the ruling would be a big deal for Kodak. According to Mr. Perez, his company relies on revenue from intellectual property licensing to make up for declining film sales, and to invest in its inkjet printer, packaging and software businesses.

“This is a lot of money, big money,” Mr. Perez added.

Apple and RIM have not commented on the case.

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