Monday, September 09, 2013

Kodak, back from the dead …maybe

Eastman Kodak that company that is credited with bringing photography to the masses, and really quietly started the digital era has been a spectacular example of being left behind in the digital photography revolution because their core business was remained in film. They announced an end to their Chapter 11 bankruptcy protection in the USA last week when they announced they will be able to make massive wrife off on tax losses and also transfer the ownership of company stock to the pension fund for its UK employees, whilst putting a few million in the directors pocket. I worry this is just smoke and mirrors and doesn't help kodak recover its name or position as a leader in popular photography.

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