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Author Topic: Kodak filed for Bankruptcy  (Read 999 times)

Offline Geoff I

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Kodak filed for Bankruptcy
« on: January 19, 2012, 10:10:06 AM »
This is a big shame never ever thought this giant would go bankrupt, I have worked in 3 Kodak factories and I am just gutted, shame they did not go digital earlier maybe if they did they would not have been in this mess.

Sad days.



Offline jinky

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Re: Kodak filed for Bankruptcy
« Reply #1 on: January 19, 2012, 10:17:38 AM »
It`s a sad old world as we see one business after another go belly up! Shame. :(

Offline Hinfrance

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Re: Kodak filed for Bankruptcy
« Reply #2 on: January 19, 2012, 10:26:46 AM »
Kodak invented digital photography.

I haven't seen the story yet, but I assume they have filed for Chapter 11, in which case they'll be back.
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Offline Beaux Reflets

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Re: Kodak filed for Bankruptcy
« Reply #3 on: January 19, 2012, 10:53:23 AM »
Kodak invented digital photography.

I haven't seen the story yet, but I assume they have filed for Chapter 11, in which case they'll be back.

I feel sure the name will stay. Giving up so to speak on their cameras and heading into the printer market area was probably the wrong way to go from a marketing point of view. In my opinion, if they had gone down the bridge camera road in more depth earlier in the day, they may have held a market edge (given that there is certainly room for further innovative development in that area).
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Offline Markulous

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Re: Kodak filed for Bankruptcy
« Reply #4 on: January 19, 2012, 11:58:39 AM »
I gather they didn't invent Digital but invented the handheld Digital camera. In retrospect, they came to the digital market late and latterly have come up with low cost cameras which've had major competition from mobiles - and never capitalised on printer inks. But what with suing all and sundry and all the copyrights they own, they would seem to have a future and it's unlikely they'll disappear altogether. But sad, nonethless!
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Offline Hinfrance

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Re: Kodak filed for Bankruptcy
« Reply #5 on: January 19, 2012, 12:37:30 PM »
Interestingly the fact that they didn't develop digital cameras was down to not wanting to cannibalise their film business. If I had a penny for every time I have heard a product manager tell me that they didn't want to push a new product because it would damage margins on their existing sales I'd have a couple of pounds by now ::) And they always have to change in the end - it's just for Kodak the wake up call came too late.
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The theory seems to be that as long as a man is a failure he is one of God's children, but that as soon as he succeeds he is taken over by the Devil. H.L Mencken.

Offline Oldboy

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Re: Kodak filed for Bankruptcy
« Reply #6 on: January 19, 2012, 05:53:59 PM »

I haven't seen the story yet, but I assume they have filed for Chapter 11, in which case they'll be back.

Correct.  :'(

 

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