Not exactly sure of the strategy behind this, but here’s my guess:
1. Document imaging is not printing, so it’s not core to Kodak’s future direction
2. Kodak is not getting as much money as it hope from the sale of the digital imaging patent portfolio, so they need to raise some additional money to pay off debts
3. Kodak Document Imaging (including the service business) is a healthy, profitable entity that Kodak can get $1 billion? for.
What do you think?
From a press release that was issued today, “…. [Kodak] has initiated sale processes for its market-leading Personalized Imaging and Document Imaging businesses.”
Also from the press release: “The initiation of a process to sell the Personalized Imaging and Document Imaging businesses is an important step in our company’s reorganization to focus our business on the commercial markets and enable Kodak to accelerate its momentum toward emergence,” said Antonio M. Perez, Chairman and CEO.
“Kodak said it would move forward as quickly as possible and has targeted completing these transactions in the first half of 2013.”
So, who are the potential buyers?