PREMIUM NEWS ARCHIVE
Article from: The Boston Globe
Article date: July 16, 1991
Author: Lawrence Edelman, Globe Staff
Eastman Kodak Co. paid $925 million to Polaroid Corp. yesterday as
part of a surprise out-of-court settlement of their historic 15-year
legal battle over Kodak's infringement of Polaroid's patents on
instant camera technology.
The companies also agreed to drop related patent cases in the
United Kingdom and Canada.
The settlement, in fact, was the only good news for shareholders
coming out of Cambridge yesterday. Polaroid also reported that
second-quarter earnings plunged 19 percent, partly reflecting
increased sales of less-profitable cameras.
...
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