When the shareholders heard they get nada
That's a Kodak moment!
Eastman Kodak will officially restart operations on September 3, after a Manhattan judge signed off on the last aspects of its reorganisation plan. Last week, Judge Allan Gropper flipped the bird at disgruntled shareholders, who believed they should recover something from the smoking ruins of the once world-dominating …
That's a Kodak moment!
Too bad to see a name that dominated photography for years be downsized into something different than it was. At least Kodak will live on and will carry on a business and not be turned into a brand name that is "rented" like Westinghouse or Polaroid. May the new Kodak "Live long and Prosper" and may we remember the old.
What will they sell though?
They can't engineer a high end SLR camera, that costs too much. Compacts aren't as popular as they were.
"What will they sell though? They can't engineer a high end SLR camera, that costs too much. Compacts aren't as popular as they were."
In fact, RTF sub-headline. "B2B" mean anything?
Looking at the article, it looks like they are going to become another Lexmark.
Bloody awful printers and stupidly insane ink prices. Unless you're a business, in which case they'll do quite the attractive deal.
Their business plan is apparently to sell printer ink for less than the likes of HP.
The Kodak coming out of Chapter 11 is presently Kodak Commercial Imaging and is mainly concentrating on commercial printing. i.e. Food packaging and traditional newspaper stuff. Kodak tech will even start printing The Sun newspaper. It actually sounds quite interesting with individualised copies being produced.
The Traditional Personal Imaging and Document Imaging divisions have been sold to the UK employees pension fund. They will no longer make the Kodak inkjet printers but will continue with the ink for the time being. This business will still make photographic paper and provide document imaging solutions.
The Kodak Digital Camera's and I now see Binoculars/Telescopes in the latest Argos catalogue. I believe are produced by 3rd Parties paying to use the brand name.
In this latest application, beginning in early August, readers of The Sun will be able to collect special codes that will be printed on papers daily using the PROSPER S30 Imprinting Systems. These unique printed codes will unlock one month’s worth of access to The Sun’s digital content.
Digital printing capability also enables other exciting applications, such as addition of late-breaking news and photos, late sports scores, geographically targeted content, interactive advertisements, gaming or lottery applications, personalized social media links, and much more. Kodak experts can help newspaper publishers around the world design a solution that meets the needs and reading habits of their specific audiences.