Wang Discussing Sale Of Unit To Kodak

Wang Laboratories Inc. stock jumped 9 percent early Thursday as the company confirmed it was negotiating to sell its imaging software business to Eastman Kodak Co.

The imaging unit makes software that companies use to transfer records from paper files to computer networks, and to manage them electronically. Banks and insurance companies are among the big buyers.

A deal would give Wang the cash it needs to focus on its other business as it continues rebuilding from bankruptcy protection.