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Windows 7: Kodak bankruptcy report spooks stock holders

05 Jan 2012   #1
Britton30
Microsoft MVP

Windows 7 Ultimate X64 SP1
 
 
Kodak bankruptcy report spooks stock holders

Quote:
(AP)
ROCHESTER, New York - An uncomfortable suspicion that an icon of American business may have no future pushed investors to dump stock in Eastman Kodak Co. Wednesday.

The ailing photography pioneer's shares fell to a new all-time low after the Wall Street Journal reported that Kodak is preparing for a bankruptcy filing "in the coming weeks" should it fail to sell a trove of 1,100 digital-imaging patents.
CBS Money Watch
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05 Jan 2012   #2
Borg 386

Win 7 32 Home Premium, Win 7 64 Pro, Win 8.1 Pro
 
 

How the times have changed. Kodak, one of the giants in the industry for making film considering chapter 11. The local supermarkets used to have film drops, now most of them have gotten rid of that. Just 6 months ago I saw a sign where the film drop used to be at a local market saying that due to slow sales in film developing, the service was no longer available.
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05 Jan 2012   #3
Britton30
Microsoft MVP

Windows 7 Ultimate X64 SP1
 
 

Yup, with a digi-cam and a printer one can have a nice print in hand in a couple of minutes, don't even need a PC. Some stores offer that service here, insert your media and they will make a print.
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05 Jan 2012   #4
fseal

Windows 7 x64 Ultimate
 
 

It's 100% their own fault.

They actually invented the digital camera, but then did NOTHING with it because the lifetime board members and upper management could not see beyond plastic and chemicals.

I don't see how selling off all their IP is going to help things in the long term though :/
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06 Jan 2012   #5
jimbo45

Linux CENTOS 7 / various Windows OS'es and servers
 
 
Kodak looks like its not long for this world

Hi everyone
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.

Cheers
jimbo
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06 Jan 2012   #6
boohbah

Microsoft Windows 7 Home Premium 64-bit 7600
 
 

i have a kodak printer so i hope i can still get inks in future.
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12 Jan 2012   #7
mickey megabyte

ultimate 64 sp1
 
 

veering off-topic (yet again)...

apparently, this is kodak's first portable digital camera

-kodak.jpg

more...


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13 Jan 2012   #8
Layback Bear

Windows 7 Pro. 64/SP-1
 
 

Look how many years it took Kokak to get into making their own printers for pc's. I have two of them and also worry about ink. No company can be years behind other companies in new product R and D and stay alive. I hoping that some capitalist will buy the company and get it looking ahead for new products instead of just being on the side lines watching. Kodak needs some new blood in the board room.
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13 Jan 2012   #9
boohbah

Microsoft Windows 7 Home Premium 64-bit 7600
 
 

im gonna stock pile inks, then sell them for inflated prices on ebay. heh heh heh! (evil laugh)
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13 Jan 2012   #10
mickey megabyte

ultimate 64 sp1
 
 

Quote   Quote: Originally Posted by boohbah View Post
im gonna stock pile inks, then sell them for inflated prices on ebay. heh heh heh! (evil laugh)
surely you mean "mwa ha ha"

you should make a right killing there booh, as printer ink is probably the most expensive liquid known to man...

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Views: 13
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