Kodak Files For Bankruptcy

Failure to transform its business from the sale of film to a digital device market has finally told on Kodak. The company has applied for Chapter 11 protection in the US.

The only real way forward for the company involves a sale of its patents to a patent troll, Google or Apple.

To aid that process Kodak has recently issued claims against both Apple and Samsung in an attempt to show that it's portfolio of patents has value. Whether either of the actions has merit remains to be seen, either way it seems a sad way for a famous name to go under.

Out with a whimper...


Rahul said...

sad on kodak. it is nonetheless encouraging to hear that oriental companies from Japan and Korea are dominating the world camera market. it is good for the world economy that non-occidental companies are now partaking a share of the pie.