More Kodak Self-Immolation News

I can't see anything wrong with the decision to wind down the desktop printer unit - only that the decision comes too late.
 
I'm not sure why this is seen as a bad move. They made a big bet here, lost and are now ditching the anchor and moving forward. This seems like a good move for them?
 
Well, better late than never. They should abandon Perez along with it, it already was a horrible business decision to start with - even Lenovo are getting out of desktop inkjet printing.
 
Given that desktop printers and Perez have been the reasons for Kodak's outstanding success in recent years, neither could be ditched too quickly.

Cheers,

R.
 
I personally don't mind them killing the printer business per se...except when it's a leg on the stool of their "plan" to reorganize that was used as justification to ditch "dead end" businesses like Semiconductors (sensors), cameras, online storage for consumers and other growth industries. Oh yeah, don't forget getting out of the Gelatin business and the Pharma business which could have been a major cash cow one day.

My point in posting this was to illuminate how weak a "plan" was developed and how these fools have succeeded in de-valuing the company to such an extent that even patents have to be sold at fire-sale prices as suiters know they have both feet in the grave.

By the way, the other leg of their superb strategy, industrial printing, is inexplicably contracting and is 20+% below forecast. Stunning eh??
 
No-one could fail to take your point, but equally, remember Healey's Law Of Holes: "When you're in hole, stop digging." In this case it could be modified to "When you're in hole, put Perez at the bottom and fill it in quick."

Cheers,

R.
 
Does anybody have a link to a good resource on the decline of Kodak? Even without a thriving film market, their chemical industrial expertise might have allowed them a good share in dyes and papers, if at lower margins.
Inkjet printer ink was always remarkably expensive and they should have had plenty of room to maneuver there...
 
Anyone know if they have sold off the rights to all their old books and stuff?

They had so much world class knowledge about so many areas over the years it's hard to believe they ended up where they did.

B2
 
The ones with the world class knowledge were the ones that were marginalized by the barrow boy/travelling salesman mentality of the last three CEOs.

If Grant Haist is still alive, he's still selling reprints of his book. I have a signed copy. But it was (as far as I recall) $175.

Cheers,

R.
 
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