Polaroid Bankruptcy??? what effect on film supply?

With the Wall Street Journal reporing Polaroid is considering Bankruptcy, citing about 2 Billion in debt, what effect will this have on the availability of Polaroid film?

I guess it all depends wether it is a reorganization or a flat out

cessation of business. With a 2 billion dollar debt I suspect the

creditors are not going to let it go under and will facilitate terms,

so the outlook for the near future should not be too bad,but I would

not be buying any new polaroid equipment if I were you! or stock for

that matter...:-)))

There is debt andthere is debt. What Polaroid faces immediately

is a note that is due either Friday or next week for $300,000,000.

ifthey defaultthey are in serious trouble. Bankruptcy will probably

be there way out of the immediate mess and give them

breathing room to reorganize.<P>My info comes from last

Sunday's NYT.

I'm probably going to get in trouble for this answer.

 

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There is no plan in the future to change the production schedules

of 4x5, 8x10 and 20x24.

 

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Yes we have problems.

 

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Bill

Bankruptcy doesn't mean the business closes. Chrysler and Continental

airlines are two examples of companies who have filed (actually did

Chrysler file bankruptcy?? Continental certainly did) and come back

quite well. It usually means a stressful time for the employees.

 

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Polaroid has a lot of valuable intellectual property. For all I know

(I know nothing!) their professional instant film products are a

profitable division of the company...

I am very sad about this whole matter, Dr Land was the Thomas Edison

of the UK and an amazing guy, all we seem to have these days are a

bunch of bean counters.. where are the visionarys? Its depressing to

consider what lies ahead for traditional image makeing. damn you

digital, cant you just leave us be.

Hmm...I don't know about that...I was always under the impression that

professional lines in all companies, whether film/paper

mmanufacturers, or equipment were not the big money earners. I would

be very surprised to learn that Polaroid is making alot of money off

their pro films...I've heard that their biggest sellers are more of

the sticky camera type films...and the integral films. I imagine

they've taken a real beating from the rise of cheap photofinishing,

point'n'shoots, and now digital cameras & inkjet printers. Think about

all the technical imaging equipment & films they used to

offer...forensic cameras, dental cameras, passports, IDs, copy

cameras...alot of this stuff is being done more & more on digital.

Just look at the duping films & copy films EK has discontinued as

well...like it or not it's coming our way....and as far as

intellectual property, when are those patents up anyways?

 

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I want to see them continue though, because I rely heavily on type 55

film, and really don't want to work without it....