|By Maureen O'Gara||
|August 14, 2012 02:00 PM EDT||
Eastman Kodak was hoping to garner $2.2 billion-$2.6 billion from its broadly licensed 1,100 patents to repay creditors and reorganize.
It reportedly got opening bids of $150 million-$250 million from two consortia involving Google-RPX-Samsung-LG-HTC on the one hand and Apple-Microsoft-Intellectual Ventures on the other according to the Wall Street Journal.
The bankruptcy court has thrown a cloak of invisibility over the process until a winner emerges but Kodak is reportedly unlikely to see more than $600 million. Of course there's no telling where it could wind up although its prized patent was invalidated by the International Trade Commission last month.
The auction is set for Wednesday, with an announcement expected on August 13.
The two lots for sale include patents for capturing and processing images on cameras, smartphones and tablets and another for storing and analyzing images.