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Kodak Ink Cartridges
Save up to 80% on replacement Kodak ink cartridges when you buy Castle Ink compatibles! Our compatible Kodak ink cartridges are manufactured to meet the same ISO-9001 original specifications and performance standards as the Kodak originals. Below you'll find links to the Kodak printer model lines - simply click on your printer type OR use the "Find It Fast" search box above to search for your printer model or Kodak ink cartridge #.
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Kodak Reveals Future Plans
We reported Wednesday on the significant progress that Kodak had made with its financials after the first quarter of this fiscal year. With the chance to exit bankruptcy within the next few months, the OEM has begun to reveal what you can expect from the company moving forward. Reports from BBC News via The Recycler says that the company intends to come out as a “‘commercial imaging firm’”, and has recently agreed to sell its film and printing business to its UK pension fund.
In order for the deal to be finalized, it must still be approved by U.S. bankruptcy court. If the court approves it, then the deal is sent to the company’s creditors for final approval. If that approval comes, it is reported that Kodak will seek to make money by selling printing equipment and services to businesses.
Once out of bankruptcy, the OEM has filed papers to be able to issue new stock and appoint a new board and new directors.
Kodak Moving In The Right Direction
The Recycler reports that Kodak had a profitable first quarter of 2013 as the company seeks to rebound from bankruptcy. The Rochester, NY-based OEM announced publicly that they had consolidated net earnings of $283 million, which is substantially better than the net loss of $366 million during the first quarter of 2012 before they declared bankruptcy.
Of the reasons for the turnaround, perhaps most important was the sale of the company’s digital imaging portfolio for $535 million. Kodak suffered a loss of $8 million in its Digital Printing and Enterprise (DPE) segment, but, once again, that is considerably better than the $89 million loss from the first quarter of 2012 when they tried to focus their consumer inkjet business on ink sales as well as better operating costs. Another strong segment for Kodak was its Graphics, Entertainment, and Commercial Films (GECF) who earned $38 million compared to a loss of $84 million in 2012.
Antonio Perez, the Chairman and CEO of Kodak remarked, “‘These results demonstrate that we are on track with our strategy to focus on Commercial Imaging, and that we are making operational improvements as Kodak takes the right steps to emerge as a profitable and sustainable company. We have the right strategy and the right technology and products to extend our leadership in the industry.’”
“‘Our path to emergence is now clear, and the plan of reorganization we expect to file with the court tomorrow provides a roadmap for the new Kodak. As we continue to drive improvements in our business to complete our transformation, I am more confident than ever that we will succeed, with the continuing support of our customers and the dedication of our team to serving customers’ needs.’”
Kodak Receives Final Approval for Financing
January 24, 2013
Kodak can breathe another sigh of relief as US Bankruptcy Court Judge Allan Gropper from the Southern District of New York approved the new round of interim and exit financing of $844 million. The financing comes from a group of investors after the sale of their digital patent portfolio earlier this year.
As we’ve mentioned before, the new package includes $455 million in new term money loans as well as $375 million in loans “‘issued to holders of senior secured notes participating in the new money term loans in a dollar-for-dollar exchange for amounts outstanding under the company?s pre-petition second lien notes’”. The loan also comes with deadlines such as the beginning of a reorganization plan by September of this year as well as a resolution of the firm?s UK pension obligations. Additionally, the Rochester-based OEM could have the option to convert as much as loans “‘$644 million of the loans into exit financing’” which would have to be paid within five years of coming out of Chapter 11.
CEO of Kodak, Mr. Antonio Perez is obviously well pleased with the way things have transpired of late. He states, “&lsquohis agreement, in conjunction with the recently approved sale and licensing of our digital imaging patent portfolio, lays the financial foundation for our Plan of Reorganization and a successful emergence from Chapter 11 as a profitable and sustainable company...’”
Kodak Under Fire For Patent Infringement
Rochester, NY-based OEM Kodak, Inc. is facing another round of accusations of patent infringment as it seeks to lift itself out of Chapter 11 bankruptcy. According to MarketWatch and The Recycler, Kyocera has become the latest company to accuse Kodak of patent infringement, claiming that the former's digital cameras and printers infringe on 15 of their patents.
Kyocera is now suing the company in defense of the patents and further says that the infringements occurred during the time after Kodak had declared bankruptcy. This, according to Kyocera, means that the claimed damages should rank as ?top priority claims?. Kodak, as is generally the case, has refused to comment on these latest allegations. Additionally, Kyocera states in the report that Kodak has denied liability for the infringement.
Despite having the complaint turned in before the actual sale of the 1,100 patent portfolio to Intellectual Ventures LLC for $525, it went through as scheduled. Intellectual Ventures will now license these patents to a variety of companies including Google, Apple, Samsung, and Microsoft among others.
Kyocera is not the only one who has accused Kodak of patent infringement. Other companies include Ricoh, Nikon, Oracle, and Motorola. All the companies involved are worried that the sale of these patents would mean that any case they had against Kodak would be discounted now that Kodak no longer owns the patents. They also have noted that wording regarding patents that existed in the first set of documents when Kodak filed for bankruptcy initially are no longer part of the most recent paperwork.