Topic: Kodak to consider filing for bankruptcy

Eastman Kodak Co. (EK), the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process. The shares plunged. Some potential buyers of the patents are reluctant to proceed with bids because a purchase may amount to a so-called fraudulent transfer if Kodak becomes insolvent, said the people, who asked not to be named because the talks are private. A number of suitors, such as Google Inc. (GOOG), have signed confidentiality agreements to examine the assets, said these people. If a sale were judged a fraudulent transfer, creditors could later sue for more money, said one of the people. A bankruptcy filing may help clear the way for the patent sale, said the people. The sale could fetch about $3 billion, according to estimates from MDB Capital Group.

Source: http://www.bloomberg.com/news/2011-09-3 … iling.html

Not good at all!

Re: Kodak to consider filing for bankruptcy

This ongoing patent war is only getting started hmm

Canon 5DII and a few lens -- Tachihara 8x10. Chamonix 45N-1, Crown Graphic 4x5. Moskva, Zeiss Super Ikonta C
Bronica S2A, Agfa Super Isolette, Iskra, Rolleiflex. Leica M2, Bessa R, Zorki 1,3,3M and a few more...

Re: Kodak to consider filing for bankruptcy

This is very sad to see...

Re: Kodak to consider filing for bankruptcy

WOW, Not good. sad
-Bruce

I put that adapter in a safe place, never to be seen again.

Re: Kodak to consider filing for bankruptcy

This is what happened to the share price on Friday:

http://forums.rennlist.com/upload/ke.jpg

Re: Kodak to consider filing for bankruptcy

Well its about time. While I fondly remember the days in the darkroom with all those old tri-x. I must say for a long while Kodak had been nothing more than corporate mongoose going around foraging instead of actually doing real business of making products and providing for their customers.

It remind me of my old days as system consultant dealing with HP, and IBM ... might be that's a US corporate culture or something. but really they simply do not understand and more than unwilling to goto the length to understand the real world market in more than the simpllest of manners.

7

Re: Kodak to consider filing for bankruptcy

I guess we should stock some film for the future... sad

Re: Kodak to consider filing for bankruptcy

Now they have filed for bankruptcy:

http://www.guardian.co.uk/business/2012 … bankruptcy

Re: Kodak to consider filing for bankruptcy

Graham wrote:

Now they have filed for bankruptcy:

http://www.guardian.co.uk/business/2012 … bankruptcy

A SAD day in Photographic History. sad
-Bruce

I put that adapter in a safe place, never to be seen again.

Re: Kodak to consider filing for bankruptcy

Graham wrote:

Now they have filed for bankruptcy:

http://www.guardian.co.uk/business/2012 … bankruptcy

sad, indeed, but long overdue.

on a lighter note, I read this today on a German forum: "It looks like US managers are now pursuing the Morgenthau plan on their own soil." wink

Re: Kodak to consider filing for bankruptcy

Fantastic news:

http://www.bjp-online.com/british-journ … film-alive

Kodak has announced that, as part of its "ongoing strategic review," it will stop producing digital cameras, pocket video cameras and digital picture frames, but will continue to invest in its film division.

K.

Leica M2 + Summicron 35 v4, Summicron 50 v4, Elmarit-M 90
CZJ Werramatic + Flektogon 35, Tessar 50, Cardinar 100
Sony NEX-6 + Konica Minolta Dimage Scan Dual IV