Thursday, January 19, 2012

I Consider This Very Sad News

The headline really tells it all: “Photography Pioneer Kodak Files for Bankruptcy.” But here’s more from the Reuters report:
Eastman Kodak Co., the photography icon that invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies.

The Chapter 11 filing may give Kodak, which traces its roots to 1880, the ability to find buyers for some of its 1,100 digital patents, a major portion of its value.

It may also help Kodak continue to shrink a business that still employs 17,000 people, down from 63,900 just nine years ago.
I grew up on all things Kodak. My first camera was made by Kodak. It’s hard to imagine that company disappearing.

READ MORE:So Long, Kodak. And Thanks for All the Pics,” by Dave Knadler (Dave’s Fiction Warehouse).

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