01-19-2012, 07:30 AM | #1 | |
monkey on the fringe
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Kodak Files for Bankruptcy
Another tech giant has fallen. At stake is a portfolio of 1100 digital imaging patents. I wonder who'll snap them up?
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01-19-2012, 08:08 AM | #2 |
Readaholic
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You would have thought that a company that invented Digital Photography would have had the foresight to make money with it.
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01-19-2012, 08:20 AM | #3 | |
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Quote:
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01-19-2012, 08:50 AM | #4 |
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We're moving this to the Lounge because, interesting though it is, it's unrelated to MR's "area of business".
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01-21-2012, 08:47 AM | #5 |
Basculocolpic
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But it is interesting.
In my mind it goes to show how fast things are changing in today's post-modern world. And as pointed out it does have some implications for what is happening in the world of publishing. |
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01-21-2012, 09:02 AM | #6 |
Martin Kristiansen
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Kodak releasedthe agent of their own destruction when they produced the DCS460, 420 and 465 digital cameras in 1995. They were afraid to put the full weight of their energies behind the technology for fear of killing off their film divisions.
Instead they gave their competition a decade long chance to catch up which they did and that was the end of it Very sad. I have used Kodak products for over 40 years. |
01-21-2012, 09:04 AM | #7 |
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And then, to make matters worse, they decide to put all their effort into providing digital printing services, when fewer and fewer people are printing their digital photographs.
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01-21-2012, 01:37 PM | #8 |
Martin Kristiansen
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Another odd decision was to sell of a division called Eastman Chemicals a few years ago. It was founded by George Eastman himself but Kodak didn't consider the company important or core to their business. It is doing very well and the company must be pleased they are not being dragged down by this
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07-31-2012, 05:39 AM | #9 | |
monkey on the fringe
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Bidding started yesterday on the patents.
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08-01-2012, 04:30 AM | #10 |
Martin Kristiansen
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Interesting. Must be some great stuff in there. I hope some of the high end stuff escapes Apple and Microsoft. It would be better going to companies like Sinar and Phase.
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08-01-2012, 09:00 AM | #11 |
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That's really sad they had to file for bankcrupcy. I've used kodak products in the past and they were great. But now people use cell phones, digital cameras to take pictures. I wonder what will happen to the kodak self-printing booths in the photo centers in Walmarts.
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08-01-2012, 02:52 PM | #12 |
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Yeah, it is amazing what a small technological shift together with a refusal to adapt can do to a great company, it is really fast once that snowball start rolling. Remington or Olivetti typewriters anyone? Compare that to how IBM handled the switch to computers.
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08-01-2012, 06:30 PM | #13 |
K. C. Lee
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08-02-2012, 09:47 AM | #14 |
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Stay tuned as this story continues to develop...
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