Here is an Analysis i appreciated that i want to share with you,
*"I will give you a plausible analysis, unlike the total NONSENSE from the McCrack heads BN has published.
BTW, those 2 boneheads are supposed to be M&A reporters, but their last BS story concerning EK, was about 2nd lien bondholders being solicited to form a committee that has NO ability to anything, unless EK was in BK. The same manipulators that fed the original BK story to these boneheads, obviously also fed the bondholder story. It seems to me that some unethical attorneys(shocking!) have been spreading rumors for their hedge hog clients to the knuckleheads at BN.
Now, WHY do we suppose that after all these years, that Fujifilm decides to sue EK over a few camera patents?
FACTS:
1)TIMING: The first round bids for the EK digital image patents were due this week.
2) FujiFilm was EK's biggest competitor in the old days, and has always understood the power of the EK patent portfolio in total, since Fuji also entered similar other business lines outside of film over the years.
3) Fuji has appx. $2 Billion in cash, whereas Apple has $80 Billion, MSFT has $50 Billion, Google has $27 Billion, Samsung has $20 Billion, Intel has $20 Billion.
My best plausible explanation: Fuji learned from Lazard in the last few days, that a few of the first round bids were for more than they have in cash, and they quickly concluded that there was NO way they would be able to afford the digital patents, or other EK assets they covet.
So, they made good on their threat, even though it is probably futile and desperate, to gain leverage by suing EK over these patents, in the US, knowing that EK is all but existing the US camera/camcorder market anyways.
The bidders for the EK patents are NOT going to be affected by this suit, but Fujifilm probably thinks it could not hurt, and it might be a cheap way of signaling that they have a few digital image patents also, since all the major players are watching or directly involved in bidding for the EK digital image patents.
Why else does Fujifilm sue EK now? If EK is going to file BK, as BN would have us think, then the suit would essentially be wiped out in court.
Most likely: It signals that Fujifilm sees EK exiting the US camera/camcorder market because they are selling their digital image patents, and they are hoping to draw some attention to themselves and their digital image patents, and maybe extract some sort of deal with the eventual winning buyers. Also, they may be trying to extort a small settlement from Kodak, since EK is probably exiting the US camera business, and might pay a small amount for Fuji to go away, so they can cleanly sell the remaining division assets.
BOTTOM LINE: It signals to me that a deal is very close at hand, and Fuji is not happy about how it appears to be working out. " |
