In a way this is not surprising
BBC News - Kodak shares tumble 28% amid fears about its future
It's a bit of a shame though -- I must have spent many hours in my youth playing about with Kodak films but Kodak didn't see the digital revolution coming clearly enough and will now probably pay the ultimate penalty.
When they first introduced digital cameras they were really unwieldy and HIDEOUSLY expensive -- Canon finally after their deal with Kodak came to an end could make their own cameras which were orders of magnitude cheaper than Kodak.
Had Kodak gone into some sort of partnership with Adobe (Photoshop) or MS (for multi media stuff) they could have got a decent foot in the market -- but too late again.
Even movies now are almost entirely digitally produced.
The scanner and printer market has also gone to the likes of epson, canon, nikon etc.
It's difficult to see what Kodak actually stands for -- although it's almost sad to say a huge iconic global brand disappear apart from around 19,000 jobs world wide.
I'm sure the CEO's will no doubt walk away with HUGE "bonuses" or payments while the poor old workers are forced into unemployment lines.