Well this is the end of one of a 131 year company that used to once be a Blue Chip and
will soon be just a cow chip.
The struggling photography icon, which employs about 19,000 people, is in discussions with potential lenders for around $1 billion in so-called debtor-in possession financing that would keep it afloat during bankruptcy proceedings, the people said. A filing could occur as soon as this month or early February, one of the people said.
I think first digital cameras destroyed Kodaks film market and now cell phones with good cameras are even destroying that once robust market. It then went into the printer market which is dominated by large competitors like HP that had a 20 year head start on them. Oh well I guess the little yellow film tube will join the Newton and the Blackberry on the pile of forgotten technologies.
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