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Thursday, January 19, 2012

Eastman Kodak Files for Bankruptcy - MICHAEL J. DE LA MERCED

http://dealbook.nytimes.com/2012/01/19/eastman-kodak-files-for-bankruptcy/

As part of its filing, made in the federal bankruptcy court in the Southern District of New York, Kodak will seek to continue selling a portfolio of 1,100 digital imaging patents to raise cash for its loss-making operations.

As we discussed earlier, Kodak did not sink because if failed to invest in digital cameras. It failed because it did so to a dangerous degree, failing to invest in quality and failing to realize that digital cameras would become a commodity. Their next strategy: ink jet cartridges and selling patents.

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