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Thread: Kodak's new life to begin in September

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    It's all about the Light!
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    Kodak's new life to begin in September

    http://www.theregister.co.uk/2013/08..._in_september/

    Eastman Kodak will officially restart operations on September 3, after a Manhattan judge signed off on the last aspects of its reorganisation plan.Last week, Judge Allan Gropper flipped the bird at disgruntled shareholders, who believed they should recover something from the smoking ruins of the once world-dominating photography business. The judge ruled in favour of staff, retirees and small suppliers, who will get a pittance rather than absolutely nothing.



    As noted by Forbes, the “new Kodak” will have nearly nothing in common with the brand-that-once-was. Its focus will be corporate imaging and printing, which it apparently expects to be less viciously competitive than the digital camera business it helped to invent.
    Kodak's failure to compete in the digital world saw its revenue more than halved from $US13.3 billion in 2003 to $6 billion in 2011, and its workforce shrink from nearly 64,000 to about 17,000.
    Forbes says the new Kodak will have a projected equity value of $US441 million. Most of the equity in the company – 85 percent – will go to “second-lien claims”, and 15 percent will be put into a pool for unsecured creditors.
    Meanwhile, the ghosts of the old Kodak will probably stalk the tech industry in the form of patent lawsuits. In March, the company flogged most of its patent portfolio for $US527 million, with Apple, Google and Samsung among the 12 licensees organised by Intellectual Ventures. The group also includes Adobe, RIM, HTC, Huawei, Amazon, Facebook and Microsoft. ®
    regards, Kym Gallery Honest & Direct Constructive Critique Appreciated! ©
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    Anyone got a digital back for my box Brownie?
    Sony DSCR1 bridge camera; Sony Alpha SLT A57; Sony Zeiss 16-80mm f3.5-4.5 lens; Sigma 10-20mm UWA lens; converted Nikon 50mm f2.0 lens; Filters: ND4,ND8,ND1000, CP; Photoshop CS6. 82.7% of statistics are made up!




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    Update: http://www.news.com.au/business/comp...-1226710160370

    KODAK'S trip through bankruptcy is now a memory for the scrapbook.
    Kodak says it finished its restructuring and exited bankruptcy on Tuesday.
    The company says it's now a commercial imaging company serving business markets such as packaging and graphics.
    Chairman and CEO Antonio Perez says it's on track for profitable growth.
    Kodak filed for bankruptcy protection last year, brought down by increasing competition, digital photography, and debt.
    Since then it has sold off many of its businesses and patents, while shutting down the camera manufacturing unit that made it famous.
    It spun off its personal imaging and document imaging units to its pension plan.
    Kodak says its old stock is cancelled as of Tuesday. Creditors are getting shares in the reorganised company.

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    Brownie-Box points to Kod(i)ak.
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