Blacklisted? Investors Rally Against Blackberry

Blackberry bowl, by flickr user ftchris, licensed by Creative Commons.

Sweet or sour?

Blackberry’s tough times continue as their shareholders cry foul.  In a recent class-action lawsuit, thousands of investors claim that they were misled by the company’s lofty sales expectations.  Many are complaining that the company failed to compete with industry leaders Google and Apple (let alone Microsoft). The lawsuit includes a number of those who bought stock in Blackberry over the past calendar year.  Unhappy campers are furious that they mistakenly placed their faith in the wrong smartphone/technology movement and are seeking damages.  Read more

A Kodak Moment: Patents To Sell for $525 Million

Decorative Scales of Justice in the Courtroom

Courtroom

It seems that film isn’t the only thing Kodak has been developing recently.  The famous digital imaging and photography company agreed to sell their patent portfolio to a large group of companies including Google, Apple, and Facebook.  Eastman Kodak, based in Rochester NY, is monetizing their patents to help recover from a recent bankruptcy.  Economists are predicting that the $525 million agreement will help Kodak re-emerge from Chapter 11 in the first half of 2013.  Amazon, Samsung, and Microsoft are also members of the 12-company group of licensees. Read more