Sad news, Ram.
“Now we must complete the transformation by further addressing our cost structure and effectively monetizing non-core IP assets. We look forward to working with our stakeholders to emerge a lean, world-class, digital imaging and materials science company,” Perez said.
I suppose that means a clean break away from the photosensitive materials we call film. I hope the film side of their business will pass on to some entity which can do well with it.
In the "What Went Wrong" analysis, I get the impression that the document was created before 2007.
"Since then Kodak has laid off 11,000 workers; 15,000 more will go by 2007."
So, I suppose that the handwriting has been on the wall for almost five years.
IIRC, some time ago IBM backed away from the manufacturing and labeling of the IBM PC product line. A company in China, Lenovo, picked it up. I wonder if some such could happen with Kodak's film technology assets.