Following its bankruptcy claim, Kodak had initially hoped to pay back the banks it owed by selling off part of its patent portfolio. But amid delays, Kodak realized they weren't going to make enough to cover the costs. The company hopes that by selling off it's personal imaging division and moving towards becoming a printer business, it can regain some of its mojo. More here.
Aug 24, 2012
Kodak Is Selling Off Its Legendary Film Business
Following its bankruptcy claim, Kodak had initially hoped to pay back the banks it owed by selling off part of its patent portfolio. But amid delays, Kodak realized they weren't going to make enough to cover the costs. The company hopes that by selling off it's personal imaging division and moving towards becoming a printer business, it can regain some of its mojo. More here.
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2 comments:
This is sad news for Kodak, they really have went downhill but I guess every company has an end.
not worth much anymore
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