Archive for January 2012

31 Jan, 2012 | Posted by: st

THE FALLOUT -- Peter Fedynsky: “The recent bankruptcy of Kodak - America’s largest photographic film company - is expected to affect employees and photographers alike, especially those who rely on the film, paper and chemicals Kodak has produced since the 19th century.

TAKEAWAY: Yes, nostalgia sometimes gets mixed up with reality. Like, my Dad used to say, "I sure miss smoking Chesterfields." I sure miss the darkroom, but thank heavens I escaped from those CHEMICALS. No nostalgia there for me anymore! -RE

24 Jan, 2012 | Posted by: st

HOW KODAK FAILED -- Chunka Mui: “Kodak’s missed opportunities in digital photography, a technology that it invented. This strategic failure was the direct cause of Kodak’s decades-long decline as digital photography destroyed its film-based business model.

LESSONS LEARNED. -- Peter Pachal: “How Kodak Squandered Every Single Digital Opportunity It Had. The most immediate takeaway from the fall of Kodak is clear: Don’t be afraid to cannibalize your own business in the name of progress. This is seen time and again in the digital revolution: Sony’s reluctance to develop a competent digital Walkman left an opening for the iPod. Blockbuster laughed off Netflix in the early days, then went bankrupt when it couldn’t compete with its Web-based competitor. And iPads may be eating up some Mac sales, but Apple’s bottom line is stronger than ever.”

17 Jan, 2012 | Posted by: st

Kodak fades out of the photography picture
According to reports, for Kodak the picture for the future is gloomy as the company filed for a Chapter 11 bankruptcy on Thursday January 19th 2012. While the bankruptcy could allow the company to restructure many think that it will be the end of the iconic firm.

LAST WORD? -- Kodak Sues Apple and HTC for Infringing Digital Imaging Patents. Joseph Parish: “Eastman Kodak may be going bankrupt, but it's making a last-ditch effort to raise revenue before facing its creditors; the company announced today that it's suing both Apple and HTC for infringing patents related to capturing and transmitting digital images.

10 Jan, 2012 | Posted by: st

THE HARDER THEY FALL The giant is on his knees, people familiar with the matter said. Mike Spector & Dana Mattioli: “Kodak Teeters on the Brink The company is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said, a move that would cap a stunning comedown for a company that once ranked among America's corporate titans”, people familiar with the matter said.