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Eastman Kodak shares traded sharply higher on Wall Street on Friday after a judge with the US International Trade Commission (ITC) rejected claims Kodak was infringing on two Apple patents.
Kodak shares were up 5.44 percent at $3.00 in afternoon trading on Wall Street.
ITC judge Robert Rogers ruled on Thursday that Kodak's digital imaging products were not infringing on Apple patents.
The judge did not provide an explanation for his ruling and the full six-member commission now has to review his determination.
The ruling is the latest skirmish in a patent war between Apple and one-time photo giant Kodak.
Kodak filed complains against Apple and Research In Motion with the ITC in January of last year alleging that the camera-enabled iPhone and the Blackberry infringed Kodak digital imaging technology.
The ITC, which has the authority to bar imports into the United States of products found to be infringing on patents, is still reviewing that case.
(source:MSN news)2011-05-13
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