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Print 20 comment(s) - last by whereisusa.. on Jan 11 at 3:04 PM

Sell patents, bit a massive loan, or close up shop?

Poor Kodak has taken a beating since the advent of digital photography. Few consumers buy film anymore and Kodak’s line of digital cameras aren’t even close to setting sales records. Kodak is facing a bleak future and has previously stated that it might be forced to close up shop as early as this year if things don't change.
 
Kodak is also facing growing personnel losses within the company. The firm has announced the loss of a third member from its board of directors in the last week. The latest loss is Laura Tyson who resigned her position on the board of Kodak Thursday. The resignation was confirmed in a SEC filing that Kodak made on Friday.
 
Tyson is a professor at the Walter A. Haas School of Business at the University of California, Berkeley. Tyson is also a member of President Obama's Economic Recovery Advisory Board and advised President Clinton when he was in office.
 
Kodak is in such dire financial straits that the firm is looking at possibly selling off patents it holds to stay solvent. It has been estimated that the patents Kodak holds are worth five times the company's current market cap.
 
The other two directors that left Kodak last week include Adam Clammer and Herald Chen. The two directors were both from a private equity firm called KKR & Co and had been on the board since 2009. 
 
Reuters reports that Kodak had also warned that it might have to raise $500 million in new debt in lieu of selling patents to stay solvent. Kodak hasn't turned an annual profit since 1997.

Source: Reuters



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RE: A shame
By Samus on 1/3/2012 7:30:51 PM , Rating: 2
Epson and Canon commonly have those issues with the head units clogging over time when sparingly used. HP units that use a print head have a cycling system that keeps them clean but uses ink to do so. The advantage of print heads is they generally increase ink usage efficiency by allowing for larger ink capacity.

I've always found it hard to consider any printer other than HP. Luckily, their drivers (the worst part of any HP product) are finally improving and it doesn't take 30 minutes to install a printer anymore.

Back on topic, this is sad about Kodak. One of my first digicams in the early 00's was a Kodak and I used it for years to post pictures on eBay simply because of its superior Macro mode. No camera I've owned since took such close-up pictures. You could easily read memory module markings without blur or over-exposure from the flash.


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