beer Posted January 5, 2012 Share Posted January 5, 2012 There was a time when film was king, and Kodak was riding high in the camera market. What a difference a decade can make. Kodak is now rumored to be planning an orderly Chapter 11 Bankruptcy filing. The paperwork could be official as early as later this month. Kodak employs 19,000 people, but layoffs are likely in the event of Chapter 11.The company is currently negotiating with lenders to secure around $1 billion to keep it afloat during the bankruptcy process. Kodak has little actual income currently, with its main assets being patents on several technologies integral to digital cameras. Kodak is reportedly still trying to sell the patents to avoid bankruptcy in the first place. Auctioning off these patents would also help Kodak get back on its feet after a bankruptcy filing.Kodak’s last strategy of note was to sue over patent infringement, then sign licensing deals. Those cases petered out earlier in 2011. With its stock in the tank, creditors knocking at the door, and no consumer products to speak of, Kodak might have no choice but the courts.(source)Honestly, I m surprised they lasted this long. Just riding on those clouds of patents to get by... Link to comment Share on other sites More sharing options...
myidisbb Posted January 5, 2012 Share Posted January 5, 2012 they should been making digital camera. stupid. they try to make their money off of printing the photos. tsk tsk. Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted January 5, 2012 Administrator Share Posted January 5, 2012 Sad and surprising to hear.I still remember taking those pictures with camera rolls (films) by Kodak, anything else was a total no. Link to comment Share on other sites More sharing options...
beer Posted January 5, 2012 Author Share Posted January 5, 2012 Sad and surprising to hear.I still remember taking those pictures with camera rolls (films) by Kodak, anything else was a total no.heheh the good old times. I actually still have some memorable pictures in film that I just can't work up the nerve to throw away. Link to comment Share on other sites More sharing options...
Nemesis Posted January 6, 2012 Share Posted January 6, 2012 you can always scan them and keep a digital copy in an external drive or something. Link to comment Share on other sites More sharing options...
beer Posted January 6, 2012 Author Share Posted January 6, 2012 you can always scan them and keep a digital copy in an external drive or something.I forgot to mention that when I had the kodak camera developed at the store, they also gave me a digital copy. I guess I just wanted to keep the films for sentimental value. Thanks for the suggestion though. Link to comment Share on other sites More sharing options...
ck_kent Posted January 6, 2012 Share Posted January 6, 2012 Too bad for Kodak. Polaroid went ahead years ago.Even in this digital age many people still likes the good ol' look of developed film. I've seen digital pictures posted in photo sharing sites that try to mimic the look of Kodak and other processed film. Link to comment Share on other sites More sharing options...
myidisbb Posted January 6, 2012 Share Posted January 6, 2012 you can always scan them and keep a digital copy in an external drive or something.actually scanning kodak prints is illegal. cough cough cough they used a copyright process that when you drop your film off the store had to send it to them to get it done. cost extra. jus tliek all those highschool photo smallprints they would send home to get the parents to buy is copyrighted too. some stores will not let you scan them if they notice it or care. thannk god for home scanners Link to comment Share on other sites More sharing options...
beer Posted January 6, 2012 Author Share Posted January 6, 2012 you can always scan them and keep a digital copy in an external drive or something.actually scanning kodak prints is illegal. cough cough cough they used a copyright process that when you drop your film off the store had to send it to them to get it done. cost extra.jus tliek all those highschool photo smallprints they would send home to get the parents to buy is copyrighted too. some stores will not let you scan them if they notice it or care. thannk god for home scannersStay with me on this. It's gonna feel a little weird and tingling at first, but handing you back your own words from the satellite hacking thread:well they are hackers and pirates afterallHAA! I CAUGHT YOU! YOU SNAKE IN THE GRASS ! ! ! :P Link to comment Share on other sites More sharing options...
myidisbb Posted January 6, 2012 Share Posted January 6, 2012 ???? still need instant photos for quick and easy proof. maybe someone will buy that patent and sell that product at a realizable price this time Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted January 11, 2012 Administrator Share Posted January 11, 2012 If Kodak filed for bankruptcy, why are they at CES?Just a week ago Kodak filed for Chapter 11 bankruptcy, which means things are looking bad for the company. Despite this, they've still managed to show up at CES, and it's no small booth.Last week, Kodak began filing for Chapter 11 bankruptcy protection, according to the Huffington Post, which means troubling times ahead for the company if they're not able to get protection. Sources say that Kodak is planning on selling its patents to recover money, but they announced today they would be restructuring and cutting parts of their business to save additional money.Business Week reports today that the company has been struggling to make a profit since the decline of film when the digital photography age began, and will now focus on just a few unannounced segments in the business and consumer sectors.However, despite reports that the 131-year old company is failing and is burning cash, they still managed to show up at Consumer Electronics Show, with a massive booth showing off their products. We even spotted some sort of shiny Android tablet they're selling (or showing off printing from), but there wasn't much in the way of consumer products other than printers. Perhaps things aren't as bad as it's been made out to be? We'll see if they're still around come CES next year.:view: View: Original Article Link to comment Share on other sites More sharing options...
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