Beleaguered Eastman Kodak (EK) is suing Apple (AAPL) alleging patent infringement tied to digital imaging technology.
�Our primary interest is … to obtain fair compensation for the unauthorized use of our technology,” said Laura G. Quatela, chief operating officer at Kodak, in a press release. “We have invested hundreds of millions of dollars creating our pioneering patent portfolio.”
The problem, according to Kodak, stems from how images are transmitted on iPhones, iPads, iPods and HTC smartphones and tablets, according to a press release on the suit. It was filed with the U.S. International Trade Commission.
Apple clearly disagrees with Kodak’s assessment. “Numerous discussions” with Apple and HTC have not resulted in “satisfactory agreement,”� Quatela added.
Eastman Kodak is fast running out of cash and its stock has been crushed. In after hours trading, shares of Kodak rose 20 cents to� 60 cents — a 49% spike. Apple shares, which closed near $423 Tuesday, barely budged.
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