Eastman Kodak(EKDKQ), in bankruptcy with its shares destined to be worthless, is finally starting to make the moves that might have helped it avert this fate had failed CEO Antonio Perez undertaken them sooner. The company announced today that “it plans to phase out its dedicated capture devices business“. Perhaps part of its failure lies in its insistence… Read More »
Kudos to the Wall Street Journal for scooping the story that Eastman Kodak(EK) is preparing a bankruptcy filing and may file by month’s end. The company is still exploring a patent sale to stave off bankruptcy, but it will be difficult to get an adequate price in this distressed situation. The company is said to be in negotiations… Read More »
Recently, we’ve taken a dim view of Eastman Kodak’s(EK) prospects. As we wrote here and here, we believe the company is most likely past the point where a turnaround outside of bankruptcy is possible. A commenter assuming various names, most recently “Truthseeker”, has expressed his criticism in a most disdainful and discourteous manner. While we object strenuously to… Read More »