Geroge is spinning. He went into the gelatin business including owning the cows to control the quality as a result of a huge spot problem. duPont and 3M purhcased gelatin and it was always a problem because food grade gelatin is basically trash grade to the photo business. Way too many impurities.
Sad day today, but when you put a lawyer in charge of the company, instead of an innovator, you're done. They just don't have the entrepreneurial spirit this company needs to be able to right the ship.
The recent realignment will make it easier to attract a buyer, but who knows who that will be.
The handwriting was on the wall. Any company that celebrates the destruction of its own property rather than celebrating dramatically new product launches is doomed in today's I already forgot what you told me 30 seconds ago because I'm already focused on the next coolest thing in front of me, and why did you make me say that. I already forgot what I was looking at that made me forget.
In shorter words for the twitter mentality
kodak tldr