Kodak files for bankruptcy , page 1

ICONIC US photo-equipment maker Eastman Kodak said today that the company and its US subsidiaries have filed for Chapter 11 bankruptcy. The firm said the move “is intended to bolster liquidity in the US and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the company to focus on its most valuable business lines.”

www.theaustralian.com.au...


Well,It seems that another legacy of last century is fallen to the digital era,
I heard this on the news tonight and they were saying that fifteen years ago
Kodak was worth 30 Billion and now they are worth 150 million.

Kind of ironic that Kodak were early pioneers on the digital camera and now
that they are a part of everyday life the company that bought them to the mainstream
have had got to this place because of them.


I still have some family photos with the Kodak logo printed on the back.



Blah,Mods,wrong forum,please move,Thanks,Violet.

reply to post by BlackViolet

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Evolution is sad sometimes. Doesn´t change the fact that it is necessary. And i am sure those Kodak people will survive anyway, many of them probably set for the rest of their lifes thanks to their contribution to society.

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