Rochester Democrat and Chronicle quotes Kodak CEO Antonio Perez telling Wall Street analysts on Feb. 3, 2011 meeting that this year Kodak will likely sell its CMOS image sensor business, which is based in Rochester.
I thought this business was shut down two years ago. Kodak's image sensor solutions website lists CMOS sensors as discontinued products. So, what Kodak is selling now? Patents?
The newspaper says that the company expects to make $300 million to $400 million selling some assets, such as the CMOS image sensor business. Perez said Kodak had been shopping it around for more than a year, but didn't want to sell in a down economy when it would command less. The improving economy makes selling both CMOS and some real estate assets potentially more lucrative, he said.
I thought this business was shut down two years ago. Kodak's image sensor solutions website lists CMOS sensors as discontinued products. So, what Kodak is selling now? Patents?
The newspaper says that the company expects to make $300 million to $400 million selling some assets, such as the CMOS image sensor business. Perez said Kodak had been shopping it around for more than a year, but didn't want to sell in a down economy when it would command less. The improving economy makes selling both CMOS and some real estate assets potentially more lucrative, he said.
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| Kodak Rochester Employees |
Kodak to Sell CMOS Sensor Business?
Reviewed by MCH
on
February 04, 2011
Rating:
Reviewed by MCH
on
February 04, 2011
Rating:
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