Author Topic: Eastman Kodak files for bankruptcy protection (Read 921 times)

leaf · « **on:** January 19, 2012, 08:05 »

Wow.

It seem like a shame that a company with such an impressive history can have such a ill turn of events. I guess this just goes to show that even the top dog can easily topple given changes in the market place and a few poor decision. I bet 15 years ago anyone would have called you crazy if you were to suggest Kodak would go under.

http://www.togtech.com/kodak-files-for-bankruptcy-has-plans-to-finish-restructuring-by-2013/

digitalexpressionimages · « **Reply #1 on:** January 19, 2012, 08:30 »

It surprised me that they didn't leap into and become a leader in digital photography. They must have seen how the industry was going. I bought a Kodak digital camera (a point and shoot) back in the early 2000's thinking that Kodak must make the best but the sensor was terrible. I was shocked at the quality. Considering they invented the digital camera it is odd they never really nailed it.

leaf · « **Reply #2 on:** January 19, 2012, 12:15 »

Quote from: digitalexpressionimages on January 19, 2012, 08:30

It surprised me that they didn't leap into and become a leader in digital photography. They must have seen how the industry was going. I bought a Kodak digital camera (a point and shoot) back in the early 2000's thinking that Kodak must make the best but the sensor was terrible. I was shocked at the quality. Considering they invented the digital camera it is odd they never really nailed it.

.. yeah, my sister-in-law also bought a kodak digital about 6 years ago .. I wasn't all that impressed with it.

disorderly · « **Reply #3 on:** January 19, 2012, 13:24 »

My first three digital cameras were all Kodaks, or more accurately Kodak branded. The first two were Canons; the third, which may actually have been designed by Kodak, was sufficiently disappointing that I never bought another. And like 110 film and the Mini Disc, I think it was an indicator that Kodak wanted to be too many things to too many people and never very good for most of them/us. It's strange for such an icon to fall on hard times, but their core business has gone away and maybe it's time they did too.

madelaide · « **Reply #4 on:** January 19, 2012, 20:40 »

I hope they recover. I don't like to see a company that made history decay like this.

http://www.bbc.co.uk/news/business-16625725

cclapper · « **Reply #5 on:** January 19, 2012, 21:19 »

Another case of a company not adapting to the changing times. They totally missed the boat. Kind of like QuarkXpress.

jbarber873 · « **Reply #6 on:** January 19, 2012, 21:56 »

Quote from: cclapper on January 19, 2012, 21:19

Another case of a company not adapting to the changing times. They totally missed the boat. Kind of like QuarkXpress.

It's true! They invented the digital camera. How is it that they don't rule the world? They seemed to just fall asleep and wake up in bankruptcy. As for Quark- I always felt that they treated users like the enemy- no flexibility on anything. Kodak was like a old man just taking a nap.

Kone · « **Reply #7 on:** January 19, 2012, 22:15 »

Have you seen this?

<a href="http://youtu.be/JYW49bsiP4k" target="_blank" class="aeva_link bbc_link new_win">http://youtu.be/JYW49bsiP4k</a>

RacePhoto · « **Reply #8 on:** January 20, 2012, 03:11 »

Quote from: Kone on January 19, 2012, 22:15

Have you seen this?

http://youtu.be/JYW49bsiP4k

Now I have. Nice one.

Hey wait I had an Advantix, Mini Disc and PDA?

Yeah nice steal on the Network rant.

nicku · « **Reply #9 on:** January 20, 2012, 03:29 »

i remember using only Kodak Elite Chrome slides 10 years ago; great quality. But this is the business world.

PaulieWalnuts · « **Reply #10 on:** January 20, 2012, 06:04 »

Quote from: Kone on January 19, 2012, 22:15

Have you seen this?

http://youtu.be/JYW49bsiP4k

That was brilliant. Too bad they don't seem to have executed that plan well enough and in time.

Eyedesign · « **Reply #11 on:** January 20, 2012, 06:42 »

BOOYA!!!! Fuckin A!

csproductions · « **Reply #12 on:** January 20, 2012, 06:45 »

Analogy: Railroads were king in America, but they were easily toppled because their owners thought they were in the railroad business. They never learned that they were in the transportation business. Likewise, it would appear that the Kodak folks thought they were in the film business, when in reality they were in the imaging business. I foresee a similar fate for the oil companies who don't realize that they're in the energy business, not the oil business.

nicku · « **Reply #13 on:** January 20, 2012, 07:37 »

Quote from: csproductions on January 20, 2012, 06:45

Analogy: Railroads were king in America, but they were easily toppled because their owners thought they were in the railroad business. They never learned that they were in the transportation business. Likewise, it would appear that the Kodak folks thought they were in the film business, when in reality they were in the imaging business. I foresee a similar fate for the oil companies who don't realize that they're in the energy business, not the oil business.

totally agree...

RacePhoto · « **Reply #14 on:** January 20, 2012, 14:36 »

Quote from: nicku on January 20, 2012, 07:37

Quote from: csproductions on January 20, 2012, 06:45
Analogy: Railroads were king in America, but they were easily toppled because their owners thought they were in the railroad business. They never learned that they were in the transportation business. Likewise, it would appear that the Kodak folks thought they were in the film business, when in reality they were in the imaging business. I foresee a similar fate for the oil companies who don't realize that they're in the energy business, not the oil business.

totally agree...

Well it's not just them, how's Blockbuster doing? Remember Polaroid? Bell and Howell? Borders or Barnes and Noble? Your local newspaper and hundreds of print magazines? How's AOL doing? And now that I think of where I'm writing, it makes me wonder about a giant of the Microstock industry which seems to be foundering? Odysseus didn't win his battles because he was bigger and stronger, it was because of cunning and adaptation to the situations. And for those interested in Human history, Neanderthal Man shouldn't be extinct?

jbarber873 · « **Reply #15 on:** January 20, 2012, 15:43 »

Quote from: RacePhoto on January 20, 2012, 14:36

Quote from: nicku on January 20, 2012, 07:37
Quote from: csproductions on January 20, 2012, 06:45
Analogy: Railroads were king in America, but they were easily toppled because their owners thought they were in the railroad business. They never learned that they were in the transportation business. Likewise, it would appear that the Kodak folks thought they were in the film business, when in reality they were in the imaging business. I foresee a similar fate for the oil companies who don't realize that they're in the energy business, not the oil business.

totally agree...

Well it's not just them, how's Blockbuster doing? Remember Polaroid? Bell and Howell? Borders or Barnes and Noble? Your local newspaper and hundreds of print magazines? How's AOL doing? And now that I think of where I'm writing, it makes me wonder about a giant of the Microstock industry which seems to be foundering? Odysseus didn't win his battles because he was bigger and stronger, it was because of cunning and adaptation to the situations. And for those interested in Human history, Neanderthal Man shouldn't be extinct?

He's not. He's running the IT department at Istock. In fact, he made contact last night!

StanRohrer · « **Reply #16 on:** January 20, 2012, 16:29 »

About 2 minutes into this video is the crux of the whole issue. Some people inside Kodak STILL think film is coming back.

http://www.washingtonpost.com/business/ex-marketing-chief-hayzlett-discusses-kodak-bankruptcy/2012/01/19/gIQAgyWGCQ_video.html

StanRohrer · « **Reply #17 on:** January 20, 2012, 16:32 »

I wonder if that Kodak mentality is the same issue at Getty and consuming iStock? Getty just can't do stock photos the iStock way and must convert iStock to the Getty way. Fail.