Kodak files for Bankruptcy

[Image]

Kodak's Somber Moment: Imaging Pioneer Files for Bankruptcy

[Hellwrath]

Hopefully, they'll re-structure and do well to come out of this

[Image]

Hopefully, they'll re-structure and do well to come out of this

Hopefully  . Here is a Very Good Analysis of what Kodak brought upon itself.

[Hellwrath]

Hopefully, they'll re-structure and do well to come out of this

Hopefully  . Here is a Very Good Analysis of what Kodak brought upon itself.

Thanks Ram, will go home and read it. Found this video made to advertise Kodak. They got so many things right, why couldn't they do anything about it?
http://www.youtube.com/watch?feature=player_embedded&v=naT6ZZeok3A

Source:
http://www.petapixel.com/2012/01/19/kodak-saw-the-future-but-couldnt-avoid-its-own/

[Hankosaurus]

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.

[Image]

Henry, Yes..The train wreck perhaps could be seen for quite sometime from a distance of 4-5 years I guess. Unfortunately Kodak had other areas of the business they could have focussed on aggressively - that did not happen either.

I know they made accessories for the Medical Imaging Industry. Even there Fuji gave them some tough competition.

Was'nt it Kodak that people used to make fun of that it was run by MBAs instead of people who had feet and ears to the ground ?

[Looking Glass:Rajkumar]

really sad. such an iconic brand and technology. it is not as if they were not ware of the changes. in fact the first digital image was made by Kodak. arrogance of success ? .  A story is told about Kodak rejecting Photocopy technology when shown to them. later Xerox cashed in on the technology. So they probably saw themselves as film people rather than image people?

[aloksinha2001]

Err... technically they have filed for Chapter 11 - that is Protection from bankruptcy - which they may (very likely) or may not (unlikely) file.

Alok

[Hellwrath]

Err... technically they have filed for Chapter 11 - that is Protection from bankruptcy - which they may (very likely) or may not (unlikely) file.

Alok

Protection from creditors I thought?

[aloksinha2001]

Err... technically they have filed for Chapter 11 - that is Protection from bankruptcy - which they may (very likely) or may not (unlikely) file.

Alok

Protection from creditors I thought?

Yup - they have a debt of around $6.4bn and net assets of around $5.1bn - still $1.3bn short.

They may pull it off, if they will be allowed to sell their patents - however, with the falling apart of the net organisation - very unlikely that they will rise again.

Alok