Eastman Kodak ein Vervielfachungskandidat ?

SL-Fishing?
Oder gibt es relevante News?  

Meine Güte habe ich hier viel in den Sand gesetzt.  

http://www.fool.com/investing/general/2011/12/12/...astman-kodak.aspx

 

heute erreicht bei 75 cents... Wahnsinn, die Bude eine MK zwischenzeitlich unter 200 Millionen Dollar.

@chalifman:  Bin ja schon länger hier mit einer senior unsecured Anleihe dabei... Seit fast einem Jahr hoffe ich darauf, dass die vermeintlich so wertvollen Patente versilbert werden  

Ich weiss wirklich nicht ,ob es um die Patente geht,EK ist als Turnaroundstory einfach ungeeignet,weil die weder positiven Cashflow,noch positiven Levered free Cashflow haben,das ist nämlich der grösste Mist ! Ich habe nämlich auch 2 turnaroundstorys im Depot,und bin mit der einen (NYSE:DEXO) bereits 90 % im Plus,denn DEXO steigt,weil die 400 Mio positiven Cashflow haben und die Schulden davon locker bezahlen können ! Die Aktie kann sich in 3 Jahren verzwanzigfachen,ich bleibe dabei ! Heute habe ich mir eine zweite Turnaroundstory mit THQI zugelegt,also T-HQ inc. Kenner wissen ,dass das ein top Videospielehersteller ist,der eigentlich den beiden Platzhirschen Activision Blizzard (ATVI) und Electronic Arts (ERTS) in nichts nachsteht,der Witz an der Sache: THQI hat 250 Mio Levered free Cashflow und ist nur noch 60 Mio.wert !! Vergleich: Activision: 15 MRD und ERTS 8 MRD,also eine TOP-Turnararoundstory,mit der ich ebenfalls massig Kohle einfahren werde,schau dir das mal genauer an,dann weisst du auch,warum deine "Turnarounstorys" wie TRGT oder EK nicht funktionieren .....

Frohes Fest und guten Rutsch!

MFG
Chali  

 

Du hast den Größeren... :-)  

darauf habe ich bei EK gar nicht mal spekuliert....

Wobei die Pensionsansprüche leider ein riesiger Rucksack sind - und die Frage, ob die den ohne CH11 loswerden können.

General Motors kann nun ohne diese Forderungen ja auch operativ wieder schwarze Zahlen vermelden.... Aber ganz anderes Thema. Bei EK setze ich (seit 2010, weit vor den ersten Insogerüchten) darauf, dass die Firma bis Ende 2013 überlebt und auch meinen Bond refinanzieren kann. Der Kurs der Aktie ist mir hier nicht so wichtig (wobei ein höherer Kurs eine KE ermöglicht hätte. Das Management hätte bei 3 Dollar das noch mal versuchen sollen, nun ist es dafür schon fast zu spät (außer mit Resplit und gleichzeitiger KE, dafür braucht es aber auch Big Player, die mitziehen....)

Und die TRGT-Geschichte ist noch lange nicht entschieden. Immerhin pumpt ein Hedgefonds Millionen derzeit dort hinein. Und dieser Fonds schafft eine durchschnittliche Jahresrendite von mehr als 20%. Kann alles mal ein Ende haben, aber das ist schon ermutigend.

Und zu THQI: Gerade Videospiele sind extrem schnellebig, der Cashflow von gestern interessiert heute doch gar nicht mehr.... Wer war Lara Croft eigentlich noch mal??  

auf 0,505 €

Rechne mit Inso in 2012  

rechne mit +30% i.d. nächste tagen  

Eastman Kodak names Laura Quatela as president

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Eastman Kodak Company (NYSE: EK - News) announced that its board of directors has elected Laura Quatela as President, effective January 1, 2012.
Quatela, 54, who is currently the company’s General Counsel, will serve alongside Philip Faraci, who continues as President, a position he has held since September 2007. Both report to Kodak Chairman and Chief Executive Officer Antonio M. Perez.
“Laura’s election reflects her increasing role in the company, including the strategic importance of the intellectual property business,” Perez said.
Additionally, Patrick Sheller, the company’s Deputy General Counsel, Corporate Secretary and Chief Compliance Officer, will succeed Quatela as General Counsel. As General Counsel, he will report to Perez and will continue to serve as Secretary to the board of directors.
http://finance.yahoo.com/news/...-Elects-Laura-bw-2268316967.html?x=0  

weiters1: interessant auch die EK volatilität von 157 ...=am oberen ende der fahnenstange.
weiters2: auch interessant und gut moderiert der neue EK-turnaround thread von thekey  

thx to dmlabuda:
Weekly Chart Analysis - I've been following the decline of Eastman for a long time now. Based upon the current weekly chart, it does not appear that there is a bottom is sight at the present time. Due to oversold conditions however, their could be a bounce in the price back to perhaps the 10 or 20 week moving averages seen on the chart below. That would be normal. EK - Weekly Candlesticks  

Friday's Top News-Movers Bought And Sold By Legendary And Mega Funds

Eastman Kodak (EK) manufactures digital and film imaging systems for the photographic and graphic communications markets. The once-esteemed company is down almost 90% in the past year, and trades below $1, as it bleeds cash and battles bankruptcy, after behind left behind in the digital camera revolution. The stock has been volatile after-hours yesterday and in the pre-market today after a Bloomberg story emerged that the company was in talks with Citigroup (C) to provide emergency bankruptcy financing in the event that the company does file for bankruptcy.

In Q3, both guru and mega fund managers were bearish on EK. Mega fund managers held $41 million at the end of Q3, after selling a net $9 million, and the biggest sellers were Deutsche Bank ($2 million) and Goldman Sachs ($2 million). Guru fund managers were also bearish on EK, selling a net $2 million in Q3 from their $6 million prior quarter position in the company, with the top seller being Royce & Associates ($2 million). Since the end of Q3, two mega fund managers, BlackRock and Fidelity Investments, have amended their ownership of EK. Specifically, Fidelity Investments increased its ownership of EK to 11.0 million or 4.0% of outstanding shares, thereby ceasing to be a 5% or more beneficial owner.

READ FULL ARTICLE:
http://seekingalpha.com/article/...endary-and-mega-funds?source=yahoo  

Kodak Pension to Reshuffle Manager Lineup
Eastman Kodak’s pension plan is preparing to cash out of five hedge funds and invest the proceeds in vehicles run by three other hedge fund operators and a mutual-fund manager.
The reshuffling of Kodak’s fund managers is the centerpiece of an overhaul of the $4.7 billion U.S. portion of the company’s retirement plan, whose worldwide portfolio totals $7 billion. The beneficiaries of the restructuring will be funds run by:
Passport Capital of San Francisco, with $4.5 billion under management.
Scout Capital of New York, with $2.3 billion.
Select Equity of New York, with $4 billion.
Tradewinds Global Investors of Los Angeles, a $39 billion unit of mutual-fund giant Nuveen Investments. Kodak will be investing in Tradewinds’ All-Cap vehicle, which targets shares of companies of all sizes.
Kodak still hasn’t officially notified its five current fund managers of its plans to redeem, but it intends to have its capital back from those vehicles by Feb. 1. It also expects to have contracts in place with the four new managers by that date.
The pension plan overhaul is in the works as the 131-year-old imaging giant scrambles to raise capital. The Rochester, N.Y., company insists that it has no plans to seek bankruptcy protection. But it recently hired Jones Day, a law firm that handles bankruptcies and other types of corporate restructurings, as well as restructuring specialist FTI Consulting.
The pension-plan overhaul is being spearheaded by Tim Barrett, who took the job a year ago after overseeing San Bernardino County Employees, which he helped build into one of the most profitable public pension plans in the U.S. It has $4.9 billion of assets, with Passport, Select and Tradewinds managing some of that money.
Barrett heads a five-person investment team that oversees defined-benefit and defined-contribution plans for Kodak employees around the world. Kodak also has a long-standing investment-advisory contract with NEPC.
Barrett’s team is under pressure to produce results given that Kodak’s pension plan has a $1.2 billion shortfall.
Barrett’s first move upon joining Kodak was to commission a series of asset-and-liability studies. The last of these is to be completed on Nov. 30, but the team is already pushing ahead with the restructuring of the equity portion of the investment program. Barrett is focusing on the liquid portion of the equity portfolio, blending passive and active hedge fund strategies.
The next step is to redesign the credit portion of the portfolio to be less index-based and to incorporate exposure to asset-backed securities, as well as corporate and distressed debt.
Rusty Olson, who was put in charge of Kodak’s retirement system in 1972, pioneered investments in hedge funds by corporate America’s pensions.

http://www.hfalert.com/...ines.php?exact=1&hid=154734&s=kodak  

Nächste Kodak-Patentklage: Erzrivale Fujifilm im Visier
Der ums Überleben kämpfende Foto-Pionier Kodak überzieht immer neue Rivalen mit Patentklagen. Jetzt ist der japanische Erzrivale Fujifilm dran, dem Kodak die Verletzung von fünf Patenten vorwirft. Darunter sind ein grundsätzliches Digitalkamera-Patent sowie Techniken zur Anzeige von Aufnahmen. Kodak verwies am Freitag auf lange ergebnislose Verhandlungen und eine Klage von Fujifilm von Oktober. Vor wenigen Tagen hatte Kodak bereits Apple und den Smartphone-Hersteller HTC mit dem Vorwurf von Patentverletzungen verklagt.

Kodak versucht derzeit, ein Paket aus rund 1100 Patenten zu verkaufen, um sich dringend benötigtes frisches Geld zu besorgen. Laut Medienberichten droht eine Insolvenz innerhalb weniger Wochen, wenn der Deal nicht gelingen sollte. Kodak selbst bestätigt dies nicht, warnte aber im Herbst, dass ohne neue Mittel binnen zwölf Monaten das Aus kommen könnte. Nach Einschätzung von Experten versucht Kodak mit den Klagen möglicherweise, potenziellen Kaufinteressenten die Schlagkraft seines Patent-Portfolios zu demonstrieren.

Kodak hatte einst die traditionelle Fotografie entscheidend geprägt. Die Erfindung des Fotofilms und des Kleinbildformats machten den Konzern aus der Nähe von New York reich. Das mehr als 130 Jahre alte Unternehmen war zudem an den Anfängen der digitalen Fotografie beteiligt und hält deswegen auch dort diverse grundlegende Patente. Allerdings verlor Kodak in dem Bereich seinerzeit schnell den Anschluss an die Konkurrenz und kommt mit dem Wandel zur Digitalfotografie bis heute nicht zurecht.

Fujifilm war schon zu Zeiten der analogen Fotografie der schärfste Kodak-Konkurrent und setzte die Amerikaner mit günstigeren Filmen unter Druck. Damals war der Markt allerdings noch so groß, dass beide Rivalen ein gutes Auskommen hatten./so/DP/stk

© 2012 dpa-AFX
http://www.finanznachrichten.de/...zrivale-fujifilm-im-visier-016.htm  

http://secfilings.com/...resultswide.aspx?link=2&filingid=8337694

wtf ist form 3(?):
http://www.sec.gov/answers/form345.htm  

By ALEX PLANES, THE MOTLEY FOOL

The Consumer Electronics Show was a parade of innovation this year, as always. The show has become a coming-out party for exciting technology, and this year, 3-D printing had its turn on the dance floor. The devices have thus far been confined to professional manufacturing and niche hobbyists, but some manufacturers are very eager to get into the home market. Growth investors should take note, as 3-D Systems (NYS: DDD) made all the right moves at CES to push its products toward eventual (and probably inevitable) popular adoption.

Flat is old hat
Not long ago, I predicted that 3-D printing would take off for home use in the next five years, with some caveats that still need to be addressed. 3-D Systems took major steps toward that goal at CES, demonstrating a stylish-looking printer called the Cube that's now on sale for $1,299. While this isn't under the $1,000 barrier I was looking for, the suite of ease-of-use apps and developer community paired with the Cube at Cubify.com are necessary prerequisites to mass adoption. Think of the Cube as an iPhone, and Cubify.com as a 3-D printing App Store. The device is important on its own, but becomes a transformative force when paired with a wide variety of useful software.

Another printing superstar in the making?
Hard as it is to imagine now, there was a time in the not-too-distant past when consumer printers of any kind were almost nonexistent. Hewlett-Packard (NYS: HPQ) offered one of the first commercial laser printers in 1984 for $3,600, nearly three times the cost of the Cube. But the home printer market didn't really start to take off until after 1988, when HP's DeskJet broke the $1,000 cost barrier. Here's how the company did in the decade after the release of the first DeskJet:


Hewlett-Packard Total Return Price Chart by YCharts

Despite being that rare fairly valued tech company for much of the 90s bubble years, HP stock still managed to nearly quadruple. Its first-mover advantage and aggressive pricing early on has paid off for decades, as HP still controls over 40% of the global printer market. Although HP is more than a printer company, that segment today accounts for about 20% of its revenue and almost 30% of net income. 3-D Systems competitor Stratasys should make note of this, as the longer they sit out the consumer push, the harder it will be to capture market share later.

A material world
The three greatest challenges I see for 3-D printing's wide adoption are material diversity, resolution, and ease of use. I think it's clear that manufacturers are committed to major cost reductions, and we'll see prices continue to drop going forward.

The Cube offers 10 different colors, but all are printed in the same type of hard plastic, and only one color can be used at a time. This limited material and color palette is common to inexpensive 3-D printers. Costlier 3-D printers already have multi-material capability, so this is sure to be addressed in time. The only question is when. This will be the best source of revenue for popular 3-D printer makers, much as print cartridges are for printer makers today.

Kodak (NYS: EK) chief Antonio Perez pegged much of his company's future to the printer market. But without a broad user base, neither Kodak nor any other printer manufacturer can really cash in on cartridge sales. Did Kodak fail because it took too long to catch the printer bug? That thought should be in the back of every 3-D printer maker's mind as they continue to improve their machines. Material diversity will be essential, not to mention profitable. We want more than plastic parts.

Sharp like a razor blade
The resolution of low-end 3-D printers leaves something to be desired. Completed objects often appear somewhat jaggy or unfinished, particularly when made in low-end machines. The Cube's resolution, for example, is about 20 times worse than a $30,000 Stratasys model. Good 3-D printers have already proven incredibly precise, but now they have to be precise and cheap. The battle between resolution and cost might hinder faster price cuts, but Lego-style blockiness of any sort will hinder adoption as well.

Easy like Sunday morning
If you want to print this article, all it takes is control-P and a quick tap of the enter key. Imagine doing that with a fully rendered 3-D object. What if the size is wrong? What if there's a hole in the wrong place? What if the flicker doesn't flick or the spinner doesn't spin?

A lot of thought goes into the design of most objects you interact with. Some companies have built their fortunes on designing everything in exactly the right place and not a micron off. That takes serious skill, and while I'm hopeful that a strong design and app-development community will help push 3-D printing to the masses, it's going to take a lot of work to bring it anywhere close to the printing we're used to.

Cubify.com is a great step forward, but it's only a first step. The other two challenges can't be ignored if 3-D Systems wants to make the Cube and its eventual descendants must-haves. I still believe it can be done within five years, but it'll take a lot of innovation and creative talent to get there.

It's well worth it to keep an eye on this market going forward. If you're looking for another great opportunity with a stock poised for explosive growth, there's a brand new free report just for you. In it, you'll find everything you need to know about another company with an amazing machine that's changing its industry. Find out more about this once and future multibagger -- reserve your free copy now.


See full article from DailyFinance: http://srph.it/wjob7X

http://www.dailyfinance.com/2012/01/13/...-time/?source=TheMotleyFool  

NEW YORK (CNNMoney) -- Shares of Eastman Kodak dropped almost 60% Friday, with trading halted several times amid rumors that the camera maker has hired a law firm for advice on a major restructuring or bankruptcy filing. The company later denied that is planning bankruptcy moves.
The Wall Street Journal said Friday that Kodak had hired law firm Jones Day to explore a restructuring. Bloomberg said the company hasn't officially hired a firm yet, but that bankruptcy is among the options being considered.
The rumors came just days after Kodak was forced to draw from its credit line, had its credit rating downgraded by two major agencies, and received harsh words from a stockholder.
Kodak (EK, Fortune 500) shares plunged 54% Friday on the news to a mere 78 cents. The stock is down a whopping 86% year-to-date.
After the close of trade on Friday, Kodak released a statement denying the rumors and saying the company "has no intention of filing for bankruptcy."
In after-house trading, Kodak shares reversed course, rising 46% to $1.14.
Kodak did, however, confirm that it has hired Jones Day: "It is not unusual for a company in transformation to explore all options ... including financial and legal advisers. Jones Day is one of a number of advisers that Kodak is working with in that regard."
The year hasn't been kind to Kodak, which has suffered massively from photography's transition from film to digital, and this week was especially tough. Late last week, Kodak disclosed that it needed to tap $160 million from a pre-existing $400 million credit line.
On Tuesday, rating agency Moody's downgraded several Kodak debt securities. That pushed Kodak even deeper into "junk" status. Fitch followed up with its own downgrade on Wednesday.
Thursday's helping of bad news came in the form of a scathing letter from Investment Partners Asset Management, a Metuchen, N.J.-based firm that owns Kodak stock and convertible bonds. IPAM owned about 50,000 common shares of Kodak as of mid-year, according to FactSet Research.
Kodak: Death of an American icon?
IPAM said in its letter to Kodak's board that the company's "long-term performance is simply unacceptable, and as such it has not earned the right to remain an independent company." It urged Kodak to find a buyer that "has resources to commercialize the company's intellectual property more efficiently."
Kodak has been increasingly relying on licensing for revenue. In July, The company also announced it's exploring the sale of more than 1,100 patents tied to digital imaging. Analysts say that deal could generate as much as $3 billion.
Kodak confirmed in its statement Friday that it continues to pursue paths toward monetizing those patents.
First Published: September 30, 2011: 4:07 PM ET

http://money.cnn.com/2011/09/30/technology/...ruptcy_rumors/index.htm  

Q4 2011 Eastman Kodak Company Earnings Conference Call
Thursday, January 26, 2012 11:00 a.m. ET
http://investor.kodak.com/...;p=irol-EventDetails&EventId=4696192
difficult times on the road ahead but the next events will change it all

UND kommenden dienstag, gleich nach MLK-day treffen A.Perez und andere CEOs Präsident Obama im white house!  

Kodak Alleges Patent Infringement Against Apple, HTC


Files ITC Complaint Alleging Apple and HTC Camera-Enabled Smartphones and Tablets Infringe Digital Imaging Technology; Suits Also Filed in U.S. District Court

ROCHESTER, N.Y.--(BUSINESS WIRE)--Jan. 10, 2012-- Eastman Kodak Company (NYSE:EK) announced today that it has filed lawsuits against Apple Inc. and HTC Corporation, alleging the infringement of certain Kodak patents relating to digital imaging technology.

A complaint filed with the U.S. International Trade Commission (ITC) specifically claims that certain of Apple’s iPhones, iPads, and iPods, and certain of HTC’s smartphones and tablets infringe Kodak patents that relate to technology for transmitting images. Kodak also alleges that certain of HTC’s smartphones infringe a patent that covers technology related to a method for previewing images which is already the subject of pending actions against Apple. Separately, Kodak filed suits today against Apple and HTC in U.S. District Court for the Western District of New York alleging the same infringement.

“As we have stated before, Kodak is the leader in digital imaging innovation and we have invested hundreds of millions of dollars creating our pioneering patent portfolio,” said Laura G. Quatela, President and Chief Operating Officer, Eastman Kodak Company. “We’ve had numerous discussions with both companies in an attempt to resolve this issue, and we have not been able to reach a satisfactory agreement."

“Our primary interest is not to disrupt the availability of any product but to obtain fair compensation for the unauthorized use of our technology,” Quatela said. “There’s a basic issue of fairness that needs to be addressed. The failure of companies to appropriately compensate Kodak for the unauthorized use of our patented technology impedes our ability to continue to innovate and introduce new products.”

Kodak has licensed patents related to digital imaging technology to more than 30 companies, including such leading mobile-device companies as LG, Motorola, Samsung and Nokia, all of which are royalty bearing to Kodak.

In the complaint against Apple and HTC, Kodak is seeking from the ITC an exclusion order preventing the importation of infringing devices, including mobile telephones and wireless communication devices featuring digital cameras. In the suits against Apple and HTC in U.S. District Court, Kodak alleges infringement of the same patents and is seeking to permanently enjoin Apple and HTC from further infringement, as well as the recovery of damages.

“We remain open to negotiating a fair and amicable agreement with these companies, which has always been our preference and our practice with other licensees,” Timothy M. Lynch, Chief Intellectual Property Officer, said. “We seek to avoid litigation in our licensing programs whenever possible. But when the infringement is persistent, we will act to defend the interests of our shareholders and licensees, and to promote the fair compensation that is the bedrock of innovation.”

The complaints against Apple and HTC assert infringement of the following patents:

U.S. Patent No. 7,210,161 – “Automatically Transmitting Images from an Electronic Camera to a Service Provider Using a Network Configuration File”
U.S. Patent No. 7,742,084 – “Network Configuration File for Automatically Transmitting Images from an Electronic Still Camera”
U.S. Patent No. 7,453,605 – “Capturing Digital Images to be Transferred to an E-Mail Address”
U.S. Patent No. 7,936,391 – “Digital Camera with Communications Interface for Selectively Transmitting Images over a Cellular Phone Network and a Wireless LAN Network to a Destination”
The complaints against HTC also assert infringement of U.S. Patent No. 6,292,218 (“Electronic Camera for Initiating Capture of Still Images While Previewing Motion Images”), which is the same patent at issue in the pending ITC action initiated by Kodak in January 2010 against Apple and Research In Motion Limited.



Source: Eastman Kodak Company

Kodak
Christopher Veronda, 585-724-2622
christopher.veronda@kodak.com


http://investor.kodak.com/...icle_Print&ID=1646860&highlight=  

kodaks anwälte dürften nn endlich erkannt haben, welches riesenpotential in der fülle an kodakpatenten steckt (nämlich für die anwälte selbst) und das es sich auszahlt, die klagen u. derer verfahren zu beschleunigen. dazu dienlich auch die lklagen bzgl. der zusätzlichen izenzgebühren/royalties/licensefees

Kodak has licensed its digital imaging patents to more than 30 leading technology companies, including LG, Motorola, Samsung and Nokia, with all of the licenses royalty-bearing to Kodak

 

http://www.kodak.de/ek/DE/de/..._r_eine_vernetzte_und_mobile_Welt.htm  

MOASS soon  

Webcast
Q4 2011 Eastman Kodak Company Earnings Conference Call (Live)
01/26/12 at 11:00 a.m. ET