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Thread ID: 122908	2012-01-19 21:26:00	"Smile" --- You're Bankrupt!	SurferJoe46 (51)	PC World Chat

Post ID	Timestamp	Content	User
1255033	2012-01-19 21:26:00	Kodak bit the big one today::: The Kodak moment ends with bankruptcy BY RUPERT NEATE 20 Jan, 2012 08:16 AM To all intents and purposes it is the end of the "Kodak moment". More than 130 years after a "not especially gifted" high school dropout, George Eastman, founded the camera company that dominated photography for most of the 20th century, Kodak Eastman filed for bankruptcy protection in the US on Thursday. The company which once sold 90 per cent of the film used in the US and made a type of film - Kodachrome - so beloved by amateur and professional photographers that Paul Simon wrote a hit song about it, finally succumbed to the digital revolution which left its products obsolete after years of ferocious competition from more light-footed rivals in the Far East. The company, whose little yellow film boxes could once be found throughout the world, had tried to reinvent itself as a manufacturer of printers to capitalise on its reputation as the best for film printing. But despite the closure of 13 factories, 130 processing labs and 47,000 job losses, the business had little choice but to file for chapter 11 bankruptcy protection. The filing lists its assets as worth $US5.1bn - but its debts stand at $US6.8bn. "The board of directors and the senior management team unanimously believe this is the right thing to do for the future of Kodak," said chief executive Antonio Perez. He told the company's 19,000 employees, who face further cost structure "transformation", that they are "essential to our future". A $950m loan from US investment bank Citigroup will give Kodak 18 months of breathing space while it tries to sell 1,100 patents it believes are worth more than $1bn. Chief among them is its claim on digital imaging rights because, in a cruel twist, the company that pioneered the creation of the digital camera was eventually brought down by its failure to invest in its own ground-breaking invention. "Kodak was the first company to create the digital camera, but back then most of its profits came from selling chemicals [used for developing film], and they were afraid to invest because they thought it would eat into the traditional business," said Olivier Laurent, news editor of the British Journal of Photography. That's from The Canberra Times ::: www.canberratimes.com.au	SurferJoe46 (51)
1255034	2012-01-19 22:03:00	An interesting bit of news Joe, thanks. Who would have believed it ah, a company known in every part of the world as they say. Seems they just didnt keep up and adapt with the modern times.	Iantech (16386)
1255035	2012-01-19 22:05:00	They won't be the last - digital camera manufacturers have noticed a drop in sales over the last few years too. It seems big-megapixel cameras on phones are becoming more popular than having to carry a separate device to take photos.	johcar (6283)
1255036	2012-01-19 22:32:00	An interesting bit of news Joe, thanks. Who would have believed it ah, a company known in every part of the world as they say. Seems they just didnt keep up and adapt with the modern times. Here is a very interesting article about Kodak inability to adapt: www.eoshd.com	wallarro (11242)
1255037	2012-01-19 22:56:00	Here is a very interesting article about Kodak inability to adapt: www.eoshd.com :thumbs: Really really interesting article. Interesting what they say about Sony. I have a DSC HX7V (www.sony.co.nz) and love it for a point and shoot camera. I like Sony still cameras but not their movie cameras and like Panasonic movie camera but not their still cameras lol. And those old Kodak adverts are great :)	Iantech (16386)
1255038	2012-01-19 23:21:00	www.theregister.co.uk	pctek (84)
1255039	2012-01-19 23:38:00	Kind of stunned at that one Joe, amazing how far Kodak fell.	rob_on_guitar (4196)
1255040	2012-01-20 00:04:00	I'll tell youse guys this: If you are the owner of a bank and I come in to open an account - take all the cash outta the safe and fly to Brazil. Every time I buy into a company by owning some of their gear, they go lactating protuberances up. I opened an account with Security Pacific - BAM! They got eaten up by Glendale Federal - BAM! they got eaten up by First Federal and then they got killed by Bank Of America. I won't stay in B of A, so I jumped ship to Coast Federal and they got investigated for depositors' fraud and got killed by The Federal Gummermint. Waukesha? Gone too! Wawanesa? Nope - DOA. I'm telling you if I had bought Sony - it'd be gone now too. Bad enough that I own three Kodak AIOs and another 4"x6" Quik-Print unit. Want me to invest in PC World?	SurferJoe46 (51)
1255041	2012-01-20 00:16:00	I wonder if the name Kodak will go the way of other one famous US companies like Technicolor and RCA and have their name bought by someone else and there products OEMd..	paulw (1826)
1255042	2012-01-20 05:52:00	The few people like me would import film for like $7US a pop when they cost $40NZ here . The good film I mean . I then export them back to the USA for development b/c after adding in freight, they are still half price, perhaps less than that with the low USD . I gather I am the few . I do landscapes touting my tripod and a roll of film takes me a month to finish . If I am on holiday, I really only shoot 12 frames a day . For me anyway, it is slide (transparency film), how you don't need software to edit them . Pick a film you like and once developed, they are in full colour . No sharpening or contrast editing are required . My next purchase would probably be medium format - that is roll film that are larger than 35mm size .	Nomad (952)
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