01-20-2012, 02:38 AM #1
Eastnan Kodak files for bankruptcy protection
Former trailblazer Kodak files for Chapter 11 (Wall Street Journal)
ROCHESTER, N.Y. — Kodak's moment has come and gone.
The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s and a seismic shift to the digital technology it pioneered but couldn't capitalize on. Now comes a wistful worry that this icon of American business is edging toward extinction.
Kodak filed for Chapter 11 bankruptcy protection on Thursday, raising the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age.
Eastman Kodak: 130 years of history – in pictures (Guardian)
01-20-2012, 02:56 AM #2
This is sad because how long they have been around. I don't think this will be the only company in the coming year to hear this.
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