Kodak files for bankruptcy
Jan 19, 2012 07:08:01 #
For those of us who remember when Kodak was synonymous with photography, indeed a sad day and a cautionary tale.
http://news.yahoo.com/kodak-preparing-name-restructuring-officer-report-035350987.html
http://news.yahoo.com/kodak-preparing-name-restructuring-officer-report-035350987.html
Jan 19, 2012 07:53:41 #
Roger Hicks
Loc: Aquitaine
Well, it's not (necessarily) the End Of Life As We Know It, but with any luck, it's the end of Perez and all the other ex-travelling salesmen CEOs who never understood Kodak's strengths.
Cheers,
R.
Cheers,
R.
Jan 19, 2012 09:42:58 #
I agree with Roger here... There has been so much mis management at high levels for so long it's pitiful.
Jan 19, 2012 13:00:17 #
Jan 19, 2012 13:13:17 #
I felt really bad when I read that in the news, but also a bit guilty since I haven't shot a roll of 35mm film in a dozen years or more.
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
Jan 20, 2012 08:27:39 #
hj
Loc: Florida
AVarley wrote:
I felt really bad when I read that in the news, but also a bit guilty since I haven't shot a roll of 35mm film in a dozen years or more.
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
Why should you feel guilty? This has nothing to do with buying or using "film". To survive any company has to change with new technology (digital age) and foremost must have competent mangagement.
Jan 20, 2012 08:43:42 #
Well, a couple of decades ago, film being "the thing," Kodak was pretty prosperous. I'm pretty sure I singlehandedly kept them in the black with the zillions of rolls I shot! hahah
Like I said, I know they'll make a comeback. The players will change to be sure, but they'll be back...
Like I said, I know they'll make a comeback. The players will change to be sure, but they'll be back...
Jan 20, 2012 08:57:54 #
Kodak does this from time to time. They get so big it seems they can't handle all of it. They are also sueing Fujifilm for some patent enfringements on their digital cameras. They are not just going away.
Jan 20, 2012 08:58:06 #
They are like a few of the early 1900 businesses that didn't keep up with the technology and what the public wants, and kept on making buggy whips.
ALso it will be difficult for them to pull out of it, since they filed for bakruptcy, it kinda means they don't have the $$ for investment.
ALso it will be difficult for them to pull out of it, since they filed for bakruptcy, it kinda means they don't have the $$ for investment.
Jan 20, 2012 09:10:22 #
I don't feel guilty. I buy prints from them all the time. I would be really upset if they do go, but I don't think that will happen. I could be wrong.
I think I read that it was Kodak who invented, or produced the first digital camera.
I think I read that it was Kodak who invented, or produced the first digital camera.
Jan 20, 2012 09:26:19 #
Invented the digital sensor, first digital camera, first digital SLR (With Nikon collaboration), first at a lot of things, but mismanagement of their entire operation over the last 2 decades has all but destroyed the biggest imaging giant the world has ever known.
Jan 20, 2012 09:36:24 #
AVarley wrote:
I felt really bad when I read that in the news, but also a bit guilty since I haven't shot a roll of 35mm film in a dozen years or more.
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
Maybe it's not a self-inflicted wound, but growing pains? Albeit costly growing pains for the Kodak people.
I predict they'll reinvent themselves into something bigger and greater than before and we'll be clammoring for whatever that turns out to be in the future.
Hoping so .. and Kodak: Thanks for the memories, wish you all the best!
For the sake of the thousands of employees, I hope your right and they can rise from the ashes. A lack of strategic vision was a primary contributor to their demise. They need to reinvent themselves if there is any glimmer of hope for a bright future.
Jan 20, 2012 11:06:39 #
Indeed rather sad when I think back to the yellow boxes from Rochester that held paper, developing chemicals as well the nemerous rolls of film and ectachrome I have shot.
But you do have to consider their management decisions, when you look at another film company like Fuji. I remember a time when the alternative to kodacolor was Fujicolor know for their vibrant colors. Fuji got into medical imaging, where kodak once had a foothold. Fuji went on to market high end cameras, lenses, software and remained competitive and somewhat profitable. I am sorry to see Kodak, hostess twinkies and American airlines in chapter 11 but they failed to innovate, adapt and compete with a changing world.
But you do have to consider their management decisions, when you look at another film company like Fuji. I remember a time when the alternative to kodacolor was Fujicolor know for their vibrant colors. Fuji got into medical imaging, where kodak once had a foothold. Fuji went on to market high end cameras, lenses, software and remained competitive and somewhat profitable. I am sorry to see Kodak, hostess twinkies and American airlines in chapter 11 but they failed to innovate, adapt and compete with a changing world.
Jan 20, 2012 11:13:07 #
Very sad indeed...when You consider that an employee of Kodak invented the digital camera in the first place.
Jan 20, 2012 11:25:57 #
MT Shooter wrote:
Self inflicted gunshot wound.
I agree totally. Mismanagement is the problem with so many large corporations. They tend to lose focus. (pun intended). This also applies to the federal government. :thumbup:
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