Kodak Embraces Patent Craze By Selling Its Patent Portfolio

You know Kodak is in bad shape when its patent portfolio is worth five times more than the company itself. It gets even worse when analysts start picking the company apart like a hawk devouring its prey.

According to the Wall Street Journal, Kodak is making one last desperate effort by selling off its digital-imaging patents to the highest bidder. Investment bank Lazard Ltd is shopping around Kodak's 1,100 patents which are valued at $3 billion. Potential buyers include Microsoft, Google and Samsung. I realize it's a business decision, but it's still sad to see the camera maker fall so low. [WSJ]