Kodak Bankruptcy Rumors Plague Photography Icon

[abortretryfail]

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Buffeted by foreign competition, then blindsided by a digital revolution, photography icon Eastman Kodak Co. is fighting for survival after a quarter-century of failed efforts to find its focus.

The 131-year-old company that turned picture-taking into a hobby for the masses and became singularly synonymous with capturing memories has tried to bat down sudden talk of bankruptcy. But concern about its grim prospects has hit fever pitch after it enlisted a legal adviser to explore ways to revive its sagging fortunes.

The collapse of such a legendary brand would not only reverberate through American business, but would also have a profound cultural effect on generations worldwide who took their first snapshots with film cameras bearing the unmistakable yellow-and-red K logo...

read more here

[abortretryfail]

I think their mistake was starting a revolution but not taking up arms in it...

While Kodak invented the world's first digital camera in 1975,
a reluctance to ease its heavy reliance on high-profit film allowed
Japanese rivals like Canon and Sony to rush largely unhindered
into the fast-emerging digital arena in the late 1990s.

George Eastman must be rolling in his grave

[sevmik]

They were too slow to adapt to the digital revolution, thinking perhaps that their well-established name could keep them above other companies. They should have learned from IBM's history...

I do hope they won't fold though, but that's just me being nostalgic. With the way things are right now, I'd be surprised if they last a year longer.

[gonnashootyou]

sayang bitaw noh...

[Metz]

if they can't adapt then they have to fold.
grabe na kaayo technology ron.

[godCode]

Maybe some unknown chinese company would buy then off then use their name to flood the camera world with cheap dslr and lenses.

[jen_lyn]

hala noh..so sad..they're were a legend in camera business..when I was young I always hear people say.. "Kodake ko beh." ..krn wala na jd twn..

[Dax101106]

Daghan naman sad gud ang nang gawas ron nga mga nindot... Kodak is the icon gyud baya...Pero unsaon taman nga pass gyud ang evolution ron sa technology...

Kodak rah gyud baya ang naay theater...

[john3]

Kodak should merge with Canon - KodaCan. Imagine a camera that can take photos in film and digital!

Merged with Kodak, Canon can give Nikon a good fight.

cool..a film and a digital back 35mm dslr

[teoding]

di pa na sila ma bankrupt. sige pa kog palit film nila. hehehe.