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FORUMS News & Rumors Photography Industry News 
Thread started 02 Oct 2011 (Sunday) 13:12
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Kodak dead?

 
tkbslc
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Oct 02, 2011 13:12 |  #1

http://money.cnn.com …source=cnn_bin&​hpt=hp_bn5 (external link)

Kodak stock drops over 50% on bankruptcy rumors.

They haven't released a decent camera in years, and film and processing is not a large market anymore. Not surprising, but sad to lose one of the Pioneers in photography if true.


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J_TULLAR
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Oct 02, 2011 13:20 |  #2

Yup im sure they will sell there patents and go bankrupt anyday now...


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cptrios
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Oct 02, 2011 15:11 |  #3

Man that's sad. I really hope they've got a few useful departments so that someone at least buys them out and keeps the name going. Photography as we know it wouldn't even be close to what it is today without Kodak.

By the way, I always think of this picture when Kodak comes up. That's people printing shots from negatives using freaking sunlight...so cool! (external link)


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mike_d
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Oct 02, 2011 15:47 |  #4

Adapt or die. The digital revolution didn't happen overnight. Why was Kodak unable or unwilling to make themselves relevant in the new era?




  
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cankon
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Oct 02, 2011 16:26 |  #5

mike_d wrote in post #13195567 (external link)
Adapt or die. The digital revolution didn't happen overnight. Why was Kodak unable or unwilling to make themselves relevant in the new era?

Yup. I guess when you have too much money you really don't care about the future?


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CanonCameraFan
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Oct 02, 2011 16:32 |  #6

Kodak has been existing on its Digital Imaging patents. They saw what was coming, as they invented much of it. But they misjudged when, as film was peaking in popularity and profits as the Digital Age revealed itself in the mainstream. The love of money...


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rick_reno
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Oct 02, 2011 17:06 |  #7

bankruptcy doesn't mean they're dead. look at Donald Trump, he's filed bankruptcy many times and still alive and kicking.




  
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mike_d
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Oct 02, 2011 17:27 |  #8

rick_reno wrote in post #13195803 (external link)
bankruptcy doesn't mean they're dead. look at Donald Trump, he's filed bankruptcy many times and still alive and kicking.

Almost all corporate bankruptcies start out as reorganizations but a large percentage wind up being liquidations. The Kodak name still has value so I can see them being bought out of bankruptcy. Maybe some Chinese investors will buy them and slap the Kodak name on cheap P&S cameras and LCD's.




  
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pekelnik
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Oct 02, 2011 17:27 |  #9

I need my portra. I guess I don't have to stock up yet though.


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5Dmaniac
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Oct 02, 2011 17:49 |  #10

I just bought some more Tri-X for the freezer - just in case. It would be very sad if Kodak were to close shop - I still shoot some film - mostly B&W and I love Tri-X.




  
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Oct 02, 2011 20:19 as a reply to  @ 5Dmaniac's post |  #11

Borders is dead, Kodak is dying, the auto industry is weak...so sad. :cry:




  
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cptrios
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Oct 02, 2011 20:26 |  #12

Rainyday wrote in post #13196484 (external link)
Borders is dead, Kodak is dying, the auto industry is weak...so sad. :cry:

All three because they either completely bungled their planning for the future or barely even did any in the first place. It's pretty depressing stuff.


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Mike ­ Deep
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Oct 02, 2011 21:11 |  #13

mike_d wrote in post #13195872 (external link)
Maybe some Chinese investors will buy them and slap the Kodak name on cheap P&S cameras and LCD's.

Which means where consumer products are concerned... Nothing will have changed.


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Oct 02, 2011 21:49 |  #14

Just as the Polaroid name is still marketed, Kodak will carry on. Film is still a money maker, but on a small scale. It can survive on as a cottage industry. There is a lot of Kodak, that we do not see in the consumer/pro photo market. Medical Imaging is still there, but changing too. Assets vs Liabilities has to be way out of balance. Anybody building film plants?


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Gizmo1137
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Oct 02, 2011 21:59 as a reply to  @ CanonCameraFan's post |  #15

Sad day, hopefully they will land on their feet.


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