Saturday, May 21, 2011

IP issues drive Kodak stock price up?

An AP/BusinessWeek story on Kodak begins: Shares of Eastman Kodak Co. shot up almost 15 percent in unusually heaving trading Wednesday [18 May 2011] after CEO Antonio Perez told employees that recent Kodak stock purchases reflect management's faith in the photography pioneer's future.

Were intellectual property issues the cause? The story had text:

"I assume that something must be happening on the intellectual-property front -- I can't explain it any other way," said Ulysses Yannas, a broker with Buckman, Buckman & Reid in New York. "It has to be institutional investors with that kind of trading -- 24 million shares are not bought by the public."


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