
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:
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 […]
Reuters reported that Kodak is trying to sell its Photo Sharing Service for “Hundreds of Millions” after they already sold their image sensor business a week ago. Here are some “Kodak moments” from Chris Sandström that will probably explain how Kodak got in this situation: Kodak and the Digital Destruction of Value Chains
The reason nobody heard about the new sensors from Kodak (KAI-16070 has 16MP, 35mm optical format, 7.4um pixel; KAI-16050 is APS-H optical format 16MP and 5.5um pixel) is probably because Kodak sold its image sensor business to Platinum Equity for an undisclosed amount. Leica M9 and many other point and shoot cameras are using Kodak sensors. Press release:
Here are some interesting stories from last week: New Eneloops rechargeable batteries keep their charge for over 5 years. Check out also this post about the best AA batteries for photography. Apple’s iPhone 4S has a Sony sensor. Sony’s CEO was right and so was the Apple employee who published a picture taken with the new iPhone 4s on flickr before […]
Kodak’s stock price went further down last week after concerns about a $160 million credit withdrawal. Yesterday Kodak said that they are not planning on filling for bankruptcy and their stock slightly recovered. The Kodak patent bid is due in October.