EK leitet den Turnaround durch Patentverkauf ein
war der user cubiak - ich muss immer auf ariva gucken wer sternchen verteilt - hier bei finanzen.net kann man das nicht sehen - und habe mich verguggt!
ja, bin noch dabei.
wäre ich heute vor dem rechner gesessen als es runterging, hätte ich wahrscheinlich die reissleine gezogen.
hätte nicht gedacht, dass es heute so läuft.
aber war ja noch mal ein schöner kauf - so kurz vor schluss.
mal sehen wie es montag weitergeht - us - börsen sind ja zu.
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
im falle einer neuerlichen attacke kann sich bis dienstag wieder einiges ändern.
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
ISIN US0378331005 US2774611097
AXC0003 2012-01-14/00:33
© 2012 dpa-AFX
http://www.finanznachrichten.de/...zrivale-fujifilm-im-visier-016.htm
ist jetzt nicht brandheiß - jedoch aufgrund der aktuellen diskussion umso interessanter.
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
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
Business Wire // Alert
Eastman Kodak (NYSE:EK)
Intraday Stock Chart
Today : Saturday 14 January 2012
Eastman Kodak Company (NYSE:EK) announced today that it has filed a lawsuit against Fujifilm Corporation, alleging infringement of certain patents related to Kodak digital imaging technology.
The complaint, filed in U.S. District Court for the Western District of New York, alleges that certain Fujifilm digital cameras infringe patented Kodak digital imaging technology.
“Kodak has long been in discussions with Fujifilm, asking the company to do what more than 30 other companies have done already and take a license for their use of our pioneering digital imaging technology,” said Timothy M. Lynch, Chief Intellectual Property Officer, Eastman Kodak Company. “Kodak has invested hundreds of millions of dollars in developing this technology.”
“Not only have we failed to reach an agreement, but Fuji resorted to filing suit against us in October in what was a thinly veiled attempt to redirect attention from their continued use of Kodak patented technology. There’s a basic issue of fairness that needs to be addressed. The failure 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 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.
The complaint against Fuji alleges infringement of the following five patents:
U.S. Patent No. 5,493,335 (“Single Sensor Color Camera With User Selectable Image Record Size”)
U.S. Patent No. 6,292,218 (“Electronic Camera For Initiating Capture of Still Images While Previewing Motion Images”)
U.S. Patent No. 6,573,927 (“Electronic Still Camera For Capturing Digital Image and Creating a Print Order”)
U.S. Patent No. 6,441,854 (“Electronic Camera With Quick Review of Last Captured Image”)
U.S. Patent No. 5,164,831 ( “Electronic Still Camera Providing Multi-Format Storage of Full and Reduced Resolution Images”)
http://ih.advfn.com/p.php?pid=nmona&article=50746318&symbol=EK
In 2011, the worst-performing sectors were the financial and materials sectors. This year? Last-year's losers are 2012's winners.
netter kurzartikel zum überfliegen (wichtiger als das ist die beobachtung, das es nach den exzessiven BK-faked rumors der shortintersts nun wieder eine insges. positive medienberichterstattung gibt. kann bedeuten, das die dark side/gegenseite das nicht mehr viel länger durchziehen kann u. nun schön langsam auch auf long wechselt)
Winners, losers are switching places
January 13, 2012 Fri 12:20 PM CT
So far the financial sector is up 5.92 percent for the year, and materials are up more than 7.3 percent. Even more remarkable is that the advance in materials has occurred as the U.S. Dollar Index has risen as well.
As for last year's winners, the utilities and staples are now the worst performers. Utilities are down more than 3.5 percent, and staples are lower by 1.1 percent.
Sector breadth in 2012 is also the inverse of last year. Only two sectors are down, the utilities and staples.
The big challenge now is whether sector breadth can remain this strong as we head into earnings season.
http://www.nasdaq.com/symbol/ek/after-hours
und zu #573, guckst Du bei ARIVA.de
Woher hat blueblack den Kurs?
After Hour war 0,51 bei weniger als einem Volumen.