Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, December 21, 2012

Article Excerpt

PLEASE NOTE: This is our last Hotline for 2012. Our next Hotline will go out on Friday, January 4, 2013. AMAZON.COM INC., $256.92, symbol AMZN on Nasdaq, and ADOBE SYSTEMS INC., $37.71, symbol ADBE on Nasdaq, are part of a 12-company consortium that is buying bankrupt Eastman Kodak’s 1,100 digital-imaging patents for $525 million U.S. Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm. The portfolio was thought to be worth as much as $2.6 billion, but Kodak was desperate to raise cash to meet loan repayment obligations under its bankruptcy process. Kodak will hold on to about 9,600 patents, which mostly relate to commercial imaging and printing technologies. That’s what the company will focus on when it emerges from bankruptcy. Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents. Patents are increasingly important to technology companies because…