Kodak: Lost $222 Million, Need Cash

[wgerrard]

Kodak has less than a billion dollars in its cash balance after losing $222 million in the last quarter and needs to raise funds to survive. It wants to sell off patents.

Its printer sales are doing well, up 44% over last year. I was shopping for a new printer a few weeks ago in a big box electronics store and was surprised to see as many Kodak printers on display as Epsons, Brothers and HP's.

More here and here.

Much speculation in the linked articles about the company's future. Not much discussion of film, other than noting Kodak missed the boat on digital because it didn't want to cannibalize film sales. (Thereby allowing the competition to do that.)

 

[Nikon Bob]

Hope they get it right this time after a decade of not succeeding in restructuring themselves.

Bob

 

[Mackinaw]

RFF is down for most of Saturday and we come back to ANOTHER thread on the impending death of Kodak. Didn't anything else happen today?

Jim B.

 

[Steve M.]

I'm ordering a roll of Tri-X now. That should help.

 

[jwc57]

I'm ordering a roll of Tri-X now. That should help.

I ordered ten rolls two or three months ago....that didn't seem to help.

 

[Sam N]

Buy a printing press. That will help them more.

 

[Trius]

Generally, monoliths eventually collapse unless they reinvent themselves. So be it.