Eastman Kodak Company and Its U.S. Subsidiaries Commence Voluntary Chapter 11 Business Reorganization Flow of Goods and Services to Customers to Continue Globally in Ordinary Course; Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision; Company Secures $950 million in Debtor-in-Possession Financing in U.S.; Kodak’s Reorganization to Facilitate Emergence [...]
Last week Kodak filed a lawsuit against Fujifilm for patents infringement. This week it’s Samsung’s turn. Any guesses who is going to be sued next week? Here are both press releases – I have hyperlinked the related patents:
Here are some more leaked cameras that are going to be announced at PMA show next week: Samsung: six new cameras WB850F ($349) with 16MP BSI CMOS sensor, 21x optical zoom, 3-inch AMOLED screen, 1080/30p FullHD video and GPS. The DV500F model will have dual screens ($299). No word about the NX-20. Casio will introduce the Exilim [...]
The Wall Street Journal reported that Kodak “is preparing to seek bankruptcy protection in the coming weeks”. Kodak stock is currently bellow $1 and could be delisted from the NYSE:
Quick update on some interesting links from the last few days of 2012: Kodak agrees to sell its gelatin business to raise cash (source), loses third director in a week (source): “Kodak is selling the Eastman Gelatine business to Rousselot, a division of the Vion Food Group. Terms were not disclosed. Eastman Gelatine produces gelatin [...]
Update: Kodak contacted me to clarify that those are not product discontinuations, just packaging changes: Kodak is only ceasing one line, Elite Chrome. The rest are all simply packaging and catalogue listing changes, which is not such an unusual procedure. As long as photographers purchase and use Kodak’s film in sufficient quantities and demonstrate their commitment to [...]
