17 Jan, 2012 | Posted by: bswenson
-- Eastman Kodak Files for Bankruptcy.
Michael J. De La Merced: “Eastman Kodak said early Thursday, January 19th
that it had filed for bankruptcy protection, as the 131-year-old film pioneer struggled to adapt to an increasingly digital world. As part of its filing, made in the federal bankruptcy court in the Southern District of New York, Kodak will seek to continue selling a portfolio of 1,100 digital imaging patents to raise cash for its loss-making operations. Founded in 1880 by George Eastman, Kodak became one of America’s most notable companies,
helping establish the market for camera film and then dominating the field. But it has suffered from a variety of problems over the past four decades.” SOURCE: NYTimes.
So long, good ol’ yeller. Time marches on.
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