"It's fair to say that in recent months and years, there has been a serious resurgence in the popularity of analogue film, with companies like Lomography cashing on in on the trend with a range of plastic cameras that produce unpredictable results.
"My dad paid no attention. He would say proudly that Kodak spent a higher percentage on research and development than anybody. I knew his entire pitch by heart: With the top-ranked universities in town and down the road, Kodak was the place to work from Buffalo to Albany. If you went
"It’s no exaggeration to say Kodak invented digital photography. In 1975 Kodak engineer Steve Sasson created the first digital camera, which took photos with 10,000 pixels, or 0.01 megapixels — about a hundredth of the resolution that low-end cameraphones have today. Kodak didn’t stop
"Ironically, Kodak led the digital photography revolution, but failed to capitalise on it. Kodak invented the digital camera, but Japanese rivals like Canon, Nikon and Fuji did a far better job commercialising it. Kodak spent far too much time betting heavily on photographic film even as the rest
Using "Film" and "Profitable" in the same sentence sure makes Kodak stock owners feel comfy:
"In 2010, Kodak's marketing manager for professional film at Kodak, argued that there was a real resurgence for film across the world. But,
"Kodak has succumbed to its financial pressures and filed for Chapter 11 business reorganization in New York. The iconic photography company isn't dead yet, however, just very broke."
Kodak continues on its acclaimed business strategy of "suing while selling assets", this time the target is Fujifilm:
Given the ingredients, it must be a tasty read:
"Kodak's brand name (not its patents) could easily generate more than double Polaroid's sales price, said Jamie Salter, the CEO of Authentic
"Photography firm Kodak has run into hard times, with critics suggesting it has failed to effectively adapt to digital. But four decades ago Kodak was credited with building the first digital camera, an innovation that has changed the world.
"A filing could come as soon as this month or early February, one of the people familiar with the matter said. Kodak would continue to pay its bills and operate normally while under bankruptcy protection, the people said. But the
Soon, they'll only have the Learjet left.
KODAK DR: "ROCHESTER, N.Y., December 22
Eastman Kodak Company (NYSE:EK) announced today that, consistent with its previously announced intention to sell non-core assets
I guess there won't be any good news coming from Kodak anymore:
DURHAM (Reuters) -- Eastman Kodak Company has announced that it will discontinue wholesale photofinishing.
Kodak's three remaining labs in the US and Canada and their headquarters in Durham are shutting down.
The closings were announced Tuesday to employees. The three labs employ a total of 300 employees, less than 100 are staffed
This is what our marketing-speak to plain english translator says. Quote from Kodak's press-release:
" These actions, which the company has already begun, include more tightly focusing its portfolio of investments, intensifying its emphasis on generating cash, and further streamlining its cost structure. Additionally, today the company announced that where permissible by law its executives would not receive a salary increase in 2009 and that it would temporarily suspend for 2009 the company’s U.S. 401(k) match. Based upon the current outlook, company management also does not expect a payout
With the former imaging giant's main bulk of products competing in the sub $100 segment with a myriad of Asian made crap stuff, it's time for some break(up)dance. TIMES ONLINE has the story:
"Wall Street is forecasting that Kodak, one of the most famous names in photography, will be forced to break up as the industrial icon fails to cope with the collapse in demand for its digital cameras and printers.
Kodak gave warning on Wednesday that revenues and profits for 2008 would fall well below