Kodak files for bankruptcy

<p>Not unexpected but I'm wondering what this will do to their B&W film production. Some are saying the company can't survive at all.</p>

<p>What happens to my Tmax 400? Hello Ilford? (Which I use on occasion anyway)</p>

<p>It will continue -- film and patent licensing is where their only profits are. They're losing money in the printing business.<br>

The patents will be sold to the highest bidder.</p>

<p>I've just heard about it on UK television news. Sad to see.</p>

<p>GM declared bankruptcy also. Too bad I didn't buy any stock....</p>

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<p>GM declared bankruptcy also. Too bad I didn't buy any stock....</p>

 

</blockquote>

<p>Why, the original GM stock became worthless and the new GM stock went public at $33-34 in late 2010 but is now worth only about $25.</p>

<p>many times when a company goes bankrupt the common stock is cancelled and is deemed worthless.</p>

<p>This just about says it all about the stupid Kodak management:</p>

<p><em>"Former Kodak vice president Don Strickland insists the firm's late entry into the digital market is a key factor in its recent troubles. He claims he left the company in 1993 after he failed to get backing from within the company to release a digital camera.</em><br>

<em>"We developed the world's first consumer digital camera and Kodak could have launched it in 1992.</em><br>

<em>"We could not get approval to launch or sell it because of fear of the cannibalisation of film," he told BBC News."</em></p>

<p>Did the idiots at Kodak not realise that if they sat on their groundbreaking digital camera design in 1992 someone else would simply do it instead? It simply beggars belief. Digital was always going to happen so why not be at the forefront of it instead of sitting back and watching your empire crumble? The same thing is happening now with electric and hybrid vehicles. The big oil companies are doing everything to prevent the technology becoming mainstream. Instead, they should be at the forefront of development. To sit back and let other companies do it is slow suicide. </p>

 

<p>"GM declared bankruptcy also. Too bad I didn't buy any stock...."</p>

<p>Different situation. The government (read Obama) bailed them out and managed them as well. A true humiliation IMO. Anyway your not going to see any bailout of Kodak. </p>

<p>The US government - House, Senate and President helped the US auto industry out. The voters would not have allowed less. The Big 3 auto makers represent the power of the USA and to let them fail would be unthinkable (for the government). Always remember in the USA we have the best government that money can buy.</p>

<p>"We developed the world's first consumer digital camera and Kodak could have launched it in 1992. "We could not get approval to launch or sell it because of fear of the cannibalisation of film," he told BBC News."

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Now that's funny.Kodak was so dedicated to film they refused to release the world's first digital camera.Yet,when they finally did decide to embrace digital they made it so very plain to their long time,loyal (film based) customers that they had NO dedication to film whatsoever (ie couldn't give a damn about us) that when we went digital ourselves we avoided Kodak products like the plague! What comes around,goes around I guess.</p>

<p><em><a href="../photodb/user?user_id=862488">Michael Ferron</a> <a href="../member-status-icons"><img title="Subscriber" src="../v3graphics/member-status-icons/sub9.gif" alt="" /></a>, Jan 19, 2012; 07:20 p.m.</em><br>

<em> </em></p>

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<p>"GM declared bankruptcy also. Too bad I didn't buy any stock...."<br>

Different situation. The government (read Obama) bailed them out and managed them as well. A true humiliation IMO. Anyway your not going to see any bailout of Kodak.</p>

</em>

<p>---<br>

Bush approved the bailout and left with no plans.<br>

<p>Hopefully after the dust settles Kodak can continue with film production although at a higher cost. $10 per roll?</p>

<p>If one bought GM stock at the bankruptcy they would have been left with noting. The old stock was cancelled and new stock issued. This happens in 99% of corporate bankruptcies. Kodak will assuredly do the same.</p>

<p>I just hope I can continue to shoot 8x10 and get it processed and get b&w chemicals.</p>