Zynga, Kodak, Peabody: 3 Deals to Watch

On Perez's call with analysts, he said the company expected to end the year with $1.6 billion in cash and said Kodak would raise the $600 million needed to hit the projection through sales of assets and successful patent infringement litigation. Perez said, "We continue to move projects through the divestiture process and seek resolutions with companies who are using our patented technology in their products."

The company has reported quarterly losses of over $100 million since this point last year, according to quarterly filings. Kodak also has been bleeding cash. It lost $847 million in cash from operating activities in the most recent quarter, a loss that's accelerated over the year.

The Rochester, New York -based company's shares are down to $1.28, a fall of more than 75% year to date

On Sept. 23, the 131-year-old company said it drew $160 million of its credit line, causing shares to fall sharply. That week, Fitch cut the Rochester, N.Y.- based company's ratings to CC from CCC and said, "a 'CC' rating signifies that default of some kind appears probable."

According to the Kodak Web site, 80 Academy Awards "Best Pictures" have been shot on Kodak film. Recently, it switched from selling individual cameras and film businesses to more digital based scanning and printing products. According to company filings, nearly 90% of operating income came from consumer digital products.

-- Written by Antoine Gara in New York

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