Kodak

[Larry Gebhardt]

The sale of assets will allow them to keep paying the executive staff heavily until there is nothing left to sell off. Small profits from film or sensors won't support the overhead they have.

[jayabbas]

And soon to follow -- CEO bails with golden parachute or perhaps silver.

[rdenney]

Kodak Sells Image Sensor Business to Platinum Equity

I've read a LOT of corporate BS over the years, but this one was just about the BSiest of them all. They sold to an M&A company and then claim they are committed to continuing its operation? They have sold it to a company even less committed to it as a business than Kodak has been.

Rick "betting somebody at Hoya/Pentax is defecating large masonry units right now" Denney

[Ivan J. Eberle]

I was familiar with Kodak ISS division really cornering and owning the flycut/backlit sensor market--they're what most all cutting edge optical ground-based telescopes used for a decade or more. Presumptively, Kodak sensors are similarly useful for black ops imaging satellites.
I was musing some time back that Kodak itself might be deemed "too big to fail" due to this. But now that they've divested themselves of the division, a big chunk of their Defense black-budget income and that rationale just evaporated.

[Helcio J Tagliolatto]

It's called selling your own blood, desperation, panic down at the corner loan shark's office, cooking the goose that laid the golden egg, whatever. But apparently they retained the right to use the technology on their own branded products. Now they need a fire sale on patents to raise more cash. Sounds like a fairly slow medieval style of corporate death.

may be a new kind of corporate harakiri

[Brian C. Miller]

How about a little bit of good news?

HOT STOCK: EASTMAN KODAK, SHARES GAIN 2.6% (EK)

[Brian C. Miller]

LA Times: Kodak's long fade to black

Nothing new.

[Greg Blank]

If companies like Kodak took advice from people like me they might get the crap they are in now resolved. (That is someone that has seen profitable companies going belly up from the inside since the 1990's, that is someone that has worked in customer service, technical support and repair departments for fifteen years and seen lots of bad decisions- that piss off the end using customers and resellers). Instead these companies cut the entry level positions of US workers to a non living wage and give high paid executives a bigger raise- or allow them more vacation time. Kodak stopped producing 810 film because they didn't have boxes and were too cheap to have more made.

[Andrew O'Neill]

Kodak stopped producing 810 film because they didn't have boxes and were too cheap to have more made.

Are you serious?? I would have settled for double, black plastic bags then.

[BrianShaw]

Maybe nothing new, but very sad nonetheless. The story just keeps getting more and more pathetic.