Kodak bankruptcy report spooks stock holders

[Britton30]

(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

 

[Borg 386]

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.

 

[Britton30]

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.

 

[fseal]

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 :/

 

[jimbo45]

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

 

[boohbah]

i have a kodak printer so i hope i can still get inks in future.

 

[mickey megabyte]

veering off-topic (yet again)...

apparently, this is kodak's first portable digital camera



more...

 

[Layback Bear]

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.

 

[boohbah]

im gonna stock pile inks, then sell them for inflated prices on ebay. heh heh heh! (evil laugh)

 

[mickey megabyte]

im gonna stock pile inks, then sell them for inflated prices on ebay. heh heh heh! (evil laugh)

surely you mean "mwa ha ha" :devil:

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

 

[boohbah]

thats the one mickey, i sounded more like scooby doo.

chances are i will end up bankrupt, im clearly not evil enough!

 

[Borg 386]

Kodak is going through a financial nightmare, with reports claiming the camera company is preparing to file for bankruptcy. In what seems like a last effort to license the company’s patents, Kodak has filed patent lawsuits against HTC and Apple. Kodak claims that both smartphone manufacturers are infringing upon some of the company’s digital imaging patents. The complaint targets the iPad 2, iPhone 3G, iPhone 3GS, iPhone 4, iPhone 4S, and the iPod touch (4th generation), claiming Apple’s devices infringe upon four patents. Obviously, the patents all relate to digital images, ranging from capturing them, to transferring photos over email, cellular networks, or wireless LAN networks.

HTC is being sued for the same four patents as Apple, with the addition of a patent that covers capturing still images while previewing motion images — the same patent is being asserted against Apple and RIM in a concurrent ITC investigation. Florian Mueller of FOSS Patents speculates that the lawsuit is part of a last effort sales and marketing strategy to sell the company’s patent portfolio. Lastly, Mueller believes that even though Apple and HTC are suing each other, they will most likely team up to fight off Kodak. At the very least, the two companies could conduct a joint prior art search, or look to narrow the scope of patent claims to avoid liability for infringement.

Read More:

Kodak files patent infringement lawsuits against HTC and Apple

Kodak files lawsuit against Apple - Apple, Mac, iPhone, iPad, and iPod Reviews, Help, Tips, and News | Macworld Australia

 

[Layback Bear]

Thanks Borg for the informative sites. My cat just walked across my keyboard making the computer to go crazy.

 

[mickey megabyte]

Thanks Borg for the informative sites. My cat just walked across my keyboard making the computer to go crazy.

tell me about it! i've got to stick lots of stuff on my laptop keyboard to stop the cat sleeping on it...

 

[Borg 386]

Thanks Borg for the informative sites. My cat just walked across my keyboard making the computer to go crazy.

Amazingly, our kitterz has never gotten on the KB. Or anywhere near the PC. The one time we saw her close to it, it was when I still had a SSaver active (about 5 yrs ago) & she was staring in fascination at the Mystify setting. That was it.

Loved the cartoon mickey.

Of course, might be a good idea to keep the cat away from the KB, just look what happened to this guy...:roflmao:

JENSEN BEACH, Fla. - Florida investigators say a man accused of downloading child pornography is blaming his cat.

Keith Griffin of Jensen Beach is charged with 10 counts of possession of child pornography after detectives found more than 1,000 images on his home computer.

According to a sheriff’s report yesterday, Griffin told investigators that his cat jumped on the computer keyboard while he was downloading music. He said he had left the room and found “strange things’’ on his computer when he returned. He is being held on $250,000 bond.

Man blames cat for porn download - Boston.com

 

[Phone Man]

Can't be any worse then my dog!



Jim