You know Kodak is in bad shape when its patent portfolio is worth five times more than the company itself. It gets even worse when analysts start picking the company apart like a hawk devouring its prey.
According to the Wall Street Journal, Kodak is making one last desperate effort by selling off its digital-imaging patents to the highest bidder. Investment bank Lazard Ltd is shopping around Kodak’s 1100 patents which are valued at $US3 billion. Potential buyers include Microsoft, Google and Samsung. It’s sad to see the maker of the beloved Land Camera fall so low. [WSJ]