Page 1 of 2 12 LastLast
Results 1 to 16 of 23

Thread: News - Kodak files for Chapter 11 bankruptcy

  1. #1
    HEXUS.admin
    Join Date
    Apr 2005
    Posts
    31,709
    Thanks
    0
    Thanked
    2,073 times in 719 posts

    News - Kodak files for Chapter 11 bankruptcy

    The old dog's looking for help to restructure business by 2013.
    Read more.

  2. #2
    Senior Member
    Join Date
    Jun 2004
    Location
    Kingdom of Fife (Scotland)
    Posts
    4,991
    Thanks
    393
    Thanked
    220 times in 190 posts
    • crossy's system
      • Motherboard:
      • ASUS Sabertooth X99
      • CPU:
      • Intel 5830k / Noctua NH-D15
      • Memory:
      • 32GB Crucial Ballistix DDR4
      • Storage:
      • 500GB Samsung 850Pro NVMe, 1TB Samsung 850EVO SSD, 1TB Seagate SSHD, 2TB WD Green, 8TB Seagate
      • Graphics card(s):
      • Asus Strix GTX970OC
      • PSU:
      • Corsair AX750 (modular)
      • Case:
      • Coolermaster HAF932 (with wheels)
      • Operating System:
      • Windows 10 Pro 64bit, Ubuntu 16.04LTS
      • Monitor(s):
      • LG Flattron W2361V
      • Internet:
      • VirginMedia 200Mb

    Re: News - Kodak files for Chapter 11 bankruptcy

    The nostalgic part of me hopes that Kodak makes it successfully through their restructuring - my first camera was a little Kodak load-point-and-shoot and my first digital camera was a 2Mpix EasyShare, (and I've still got the latter).

    On the other hand, if their "transformation" results in yet another patent troll, then I hope the company disappears with rapidity.

    Career status: still enjoying my new career in DevOps, but it's keeping me busy...

  3. #3
    Anthropomorphic Personification shaithis's Avatar
    Join Date
    Apr 2004
    Location
    The Last Aerie
    Posts
    10,857
    Thanks
    645
    Thanked
    872 times in 736 posts
    • shaithis's system
      • Motherboard:
      • Asus P8Z77 WS
      • CPU:
      • i7 3770k @ 4.5GHz
      • Memory:
      • 32GB HyperX 1866
      • Storage:
      • Lots!
      • Graphics card(s):
      • Sapphire Fury X
      • PSU:
      • Corsair HX850
      • Case:
      • Corsair 600T (White)
      • Operating System:
      • Windows 10 x64
      • Monitor(s):
      • 2 x Dell 3007
      • Internet:
      • Zen 80Mb Fibre

    Re: News - Kodak files for Chapter 11 bankruptcy

    I know there has been various bits of news floating around about this for a while but I am still quite shocked as they are such an iconic brand.

    I would have thought they had quite a portfolio of patents from over the years though.
    Main PC: Asus Rampage IV Extreme / 3960X@4.5GHz / Antec H1200 Pro / 32GB DDR3-1866 Quad Channel / Sapphire Fury X / Areca 1680 / 850W EVGA SuperNOVA Gold 2 / Corsair 600T / 2x Dell 3007 / 4 x 250GB SSD + 2 x 80GB SSD / 4 x 1TB HDD (RAID 10) / Windows 10 Pro, Yosemite & Ubuntu
    HTPC: AsRock Z77 Pro 4 / 3770K@4.2GHz / 24GB / GTX 1080 / SST-LC20 / Antec TP-550 / Hisense 65k5510 4K TV / HTC Vive / 2 x 240GB SSD + 12TB HDD Space / Race Seat / Logitech G29 / Win 10 Pro
    HTPC2: Asus AM1I-A / 5150 / 4GB / Corsair Force 3 240GB / Silverstone SST-ML05B + ST30SF / Samsung UE60H6200 TV / Windows 10 Pro
    Spare/Loaner: Gigabyte EX58-UD5 / i950 / 12GB / HD7870 / Corsair 300R / Silverpower 700W modular
    NAS 1: HP N40L / 12GB ECC RAM / 2 x 3TB Arrays || NAS 2: Dell PowerEdge T110 II / 24GB ECC RAM / 2 x 3TB Hybrid arrays || Network:Buffalo WZR-1166DHP w/DD-WRT + HP ProCurve 1800-24G
    Laptop: Dell Precision 5510 Printer: HP CP1515n || Phone: Huawei P30 || Other: Samsung Galaxy Tab 4 Pro 10.1 CM14 / Playstation 4 + G29 + 2TB Hybrid drive

  4. #4
    Admin (Ret'd)
    Join Date
    Jul 2003
    Posts
    18,481
    Thanks
    1,016
    Thanked
    3,208 times in 2,281 posts

    Re: News - Kodak files for Chapter 11 bankruptcy

    It's worth remembering that a prime function of Chapter 11 is to avoid liquidation. A major feature is that it protects the company from the more predatory actions of one or some creditors, putting the emphasis on protecting all creditors and, if at all possible, getting the company through the situation it's in and surviving, albeit often "restructured", as mentioned in the feature.

    It's easy to hear the work "bankruptcy" and assume the company is toes-up, and while that may yet be the result, a fair proportion of C.11 cases end up with a reformed, leaner and perhaps smaller, but viable, outcome.

    As shaithis said, and Crossy intimated without quite saying it, they're an iconic brand. I hope they get through this.

    One of the ironies is that the first couple of digital cameras I ever used were Kodak-branded. And that's in the days when digital cameras were a novelty, because few people had ever seen one. I took them to a relative's wedding in the USA, and every time I put one down, I'd find it vanished and was being played with by someone on an adjoining table, because they'd never seen a camera where you could take a picture, and immediately view it on a screen on the back.

    When you think about it, it's a bit shocking that something so utterly revolutionary not that long ago is so commonplace now that it's getting harder and harder to buy a mobile phone that doesn't have such a capability built-in, almost as an afterthought.

    And even my mother-in-law has just gone digital. If any of you knew her, you know just how much that marks the end-game death-knell for film as anything other than a speciality for enthusiasts, or very specific special purposes, and that seems to be a large factor in Kodak's problems, despite them being involved on the leading edge of digital. One wonders quite how they managed that?

    Those cameras, by the way, were a DC-20 and DC-25, IIRC.

  5. #5
    Pork & Beans Powerup Phage's Avatar
    Join Date
    May 2009
    Location
    Kent
    Posts
    6,260
    Thanks
    1,618
    Thanked
    608 times in 518 posts
    • Phage's system
      • Motherboard:
      • Asus Crosshair VIII
      • CPU:
      • 3800x
      • Memory:
      • 16Gb @ 3600Mhz
      • Storage:
      • Samsung 960 512Gb + 2Tb Samsung 860
      • Graphics card(s):
      • EVGA 1080ti
      • PSU:
      • BeQuiet 850w
      • Case:
      • Fractal Define 7
      • Operating System:
      • W10 64
      • Monitor(s):
      • Iiyama GB3461WQSU-B1

    Re: News - Kodak files for Chapter 11 bankruptcy

    Shelley's Ozymandias leaps to mind.
    My first camera was a Kodak that took the 110 cartridges. I'd love to see them survive and make a go of it. It would be the biggest turnaround from obsolescence since sliderules.
    Society's to blame,
    Or possibly Atari.

  6. #6
    Technojunkie
    Join Date
    May 2004
    Location
    Up North
    Posts
    2,580
    Thanks
    239
    Thanked
    213 times in 138 posts

    Re: News - Kodak files for Chapter 11 bankruptcy

    One of the old guard brands

    Despite that I can't think of anything good they have produced in the last ten years...

    [edit] Just had a think, and I am still using a kodak W820 wifi frame (shows pictures from my flickr account )
    Chrome & Firefox addons for BBC News
    Follow me @twitter

  7. #7
    Senior Member
    Join Date
    Jun 2004
    Location
    Kingdom of Fife (Scotland)
    Posts
    4,991
    Thanks
    393
    Thanked
    220 times in 190 posts
    • crossy's system
      • Motherboard:
      • ASUS Sabertooth X99
      • CPU:
      • Intel 5830k / Noctua NH-D15
      • Memory:
      • 32GB Crucial Ballistix DDR4
      • Storage:
      • 500GB Samsung 850Pro NVMe, 1TB Samsung 850EVO SSD, 1TB Seagate SSHD, 2TB WD Green, 8TB Seagate
      • Graphics card(s):
      • Asus Strix GTX970OC
      • PSU:
      • Corsair AX750 (modular)
      • Case:
      • Coolermaster HAF932 (with wheels)
      • Operating System:
      • Windows 10 Pro 64bit, Ubuntu 16.04LTS
      • Monitor(s):
      • LG Flattron W2361V
      • Internet:
      • VirginMedia 200Mb

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by Saracen View Post
    Those cameras, by the way, were a DC-20 and DC-25, IIRC.
    DX3500 - the dock was a good idea (charged the batteries and permitted one-button-transfer of files). But the battery packs were distinctly suspect (I switched to normal batteries), and it was slow to start up. Once it was running thought, the pics it took were darn good quality for a 2MPix. Actually I only switched to digital so I could get pics of my second kid out quick to the relatives.

    Where can Kodak go from here - especially assuming that they're going to continue to sell to the end-consumer? Their printers seem to be quite reasonable, and I've heard mixed reviews of the cameras - some are quite good, others distinctly dodgy. I just can't see what their unique selling point would be against Lexmark, HP, Canon, Nikon, Samsung, Epson, et al.

    Career status: still enjoying my new career in DevOps, but it's keeping me busy...

  8. #8
    RIP Peterb ik9000's Avatar
    Join Date
    Nov 2009
    Posts
    7,558
    Thanks
    1,773
    Thanked
    1,350 times in 1,011 posts
    • ik9000's system
      • Motherboard:
      • Asus P7H55-M/USB3
      • CPU:
      • i7-870, Prolimatech Megahalems, 2x Akasa Apache 120mm
      • Memory:
      • 4x4GB Corsair Vengeance 2133 11-11-11-27
      • Storage:
      • 2x256GB Samsung 840-Pro, 1TB Seagate 7200.12, 1TB Seagate ES.2
      • Graphics card(s):
      • Gigabyte GTX 460 1GB SuperOverClocked
      • PSU:
      • NZXT Hale 90 750w
      • Case:
      • BitFenix Survivor + Bitfenix spectre LED fans, LG BluRay R/W optical drive
      • Operating System:
      • Windows 7 Professional
      • Monitor(s):
      • Dell U2414h, U2311h 1920x1080
      • Internet:
      • 200Mb/s Fibre and 4G wifi

    Re: News - Kodak files for Chapter 11 bankruptcy

    When I was at uni digital cameras were in their infancy. We had a lecture on Business Strategy where the lecturer cited the head of Kodak standing up at a world Photography seminar and blasting digital imaging/computer companies for attending arguing that they "weren't in the industry"!

    The lecturer's point was that you need to know what market you're in if you are to have a hope of succeeding. It's much the same as the steam train industry who argued diesel would never catch on, people loved steam too much, the romance, the atmosphere, not the horrid diesel. Sadly people just wanted to get from A to B as quickly as possible (Virgin trains take note) much like they just want to take pictures as quickly and easily as possible, and preferably without the developing costs and storage hassles of film. For Kodak the writing was on the wall 10 years ago sadly.

  9. #9
    Admin (Ret'd)
    Join Date
    Jul 2003
    Posts
    18,481
    Thanks
    1,016
    Thanked
    3,208 times in 2,281 posts

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by ik9000 View Post
    When I was at uni digital cameras were in their infancy. We had a lecture on Business Strategy where the lecturer cited the head of Kodak standing up at a world Photography seminar and blasting digital imaging/computer companies for attending arguing that they "weren't in the industry"!

    The lecturer's point was that you need to know what market you're in if you are to have a hope of succeeding. It's much the same as the steam train industry who argued diesel would never catch on, people loved steam too much, the romance, the atmosphere, not the horrid diesel. Sadly people just wanted to get from A to B as quickly as possible (Virgin trains take note) much like they just want to take pictures as quickly and easily as possible, and preferably without the developing costs and storage hassles of film. For Kodak the writing was on the wall 10 years ago sadly.
    Sounds like that Kodak exec was standing there in the marketplace flogging his wares, blissfully unaware that the customers were all either leaving, or gone. Markets change, and consumers move. Ask the High Street shops, like butchers and fish-mongers, and Tesco.

    Of course, that doesn't always mean it's a good thing. Ask the High Street shops ... if you can find them.

  10. #10
    Pork & Beans Powerup Phage's Avatar
    Join Date
    May 2009
    Location
    Kent
    Posts
    6,260
    Thanks
    1,618
    Thanked
    608 times in 518 posts
    • Phage's system
      • Motherboard:
      • Asus Crosshair VIII
      • CPU:
      • 3800x
      • Memory:
      • 16Gb @ 3600Mhz
      • Storage:
      • Samsung 960 512Gb + 2Tb Samsung 860
      • Graphics card(s):
      • EVGA 1080ti
      • PSU:
      • BeQuiet 850w
      • Case:
      • Fractal Define 7
      • Operating System:
      • W10 64
      • Monitor(s):
      • Iiyama GB3461WQSU-B1

    Re: News - Kodak files for Chapter 11 bankruptcy

    We are lucky to have kept two butchers and a proper baker in our little town. But then, it is a relatively affluent area where people are prepared to pay a little more for the service and quality.
    Pubs have just about had it though.
    Society's to blame,
    Or possibly Atari.

  11. #11
    RIP Peterb ik9000's Avatar
    Join Date
    Nov 2009
    Posts
    7,558
    Thanks
    1,773
    Thanked
    1,350 times in 1,011 posts
    • ik9000's system
      • Motherboard:
      • Asus P7H55-M/USB3
      • CPU:
      • i7-870, Prolimatech Megahalems, 2x Akasa Apache 120mm
      • Memory:
      • 4x4GB Corsair Vengeance 2133 11-11-11-27
      • Storage:
      • 2x256GB Samsung 840-Pro, 1TB Seagate 7200.12, 1TB Seagate ES.2
      • Graphics card(s):
      • Gigabyte GTX 460 1GB SuperOverClocked
      • PSU:
      • NZXT Hale 90 750w
      • Case:
      • BitFenix Survivor + Bitfenix spectre LED fans, LG BluRay R/W optical drive
      • Operating System:
      • Windows 7 Professional
      • Monitor(s):
      • Dell U2414h, U2311h 1920x1080
      • Internet:
      • 200Mb/s Fibre and 4G wifi

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by Saracen View Post
    Sounds like that Kodak exec was standing there in the marketplace flogging his wares, blissfully unaware that the customers were all either leaving, or gone.
    Yeah, he was too narrow in his view. Kodak thought photography = film. Digital to them was a side line they were forced into competing in. As Saracen says, the customers just disappeared while Kodak were snoozing and blowing their money on APS film gimmickry. Kodak needed to develop their own cameras or partner with a firm who was. They really should have grabbed HP and said, hey we can bring complimentary skills to this, let's take on Canon.

    Instead they.... well they tried for a while using those instant print booths you see in boots, where you can stick in your memory card and print actual photos. It's useful to some no question, but the quality isn't like the old Kodak labs used to print out. The ability to crop on my own machine, then print using photo ink on photo gloss paper, in the quantity I want, but without the loading of charges from a 3rd party means I will rarely, if ever, now resort to using the booths in Boots or similar. And that's the problem. Even those without photoink are quite happy not printing proper photos bar the odd one or two special ones to go in a frame.

  12. #12
    RIP Peterb ik9000's Avatar
    Join Date
    Nov 2009
    Posts
    7,558
    Thanks
    1,773
    Thanked
    1,350 times in 1,011 posts
    • ik9000's system
      • Motherboard:
      • Asus P7H55-M/USB3
      • CPU:
      • i7-870, Prolimatech Megahalems, 2x Akasa Apache 120mm
      • Memory:
      • 4x4GB Corsair Vengeance 2133 11-11-11-27
      • Storage:
      • 2x256GB Samsung 840-Pro, 1TB Seagate 7200.12, 1TB Seagate ES.2
      • Graphics card(s):
      • Gigabyte GTX 460 1GB SuperOverClocked
      • PSU:
      • NZXT Hale 90 750w
      • Case:
      • BitFenix Survivor + Bitfenix spectre LED fans, LG BluRay R/W optical drive
      • Operating System:
      • Windows 7 Professional
      • Monitor(s):
      • Dell U2414h, U2311h 1920x1080
      • Internet:
      • 200Mb/s Fibre and 4G wifi

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by Phage View Post
    We are lucky to have kept two butchers and a proper baker in our little town. But then, it is a relatively affluent area where people are prepared to pay a little more for the service and quality.
    Pubs have just about had it though.
    This may in part be to the breweries. My uncle ran a pub for a bit but the brewery (his backer Ha ha) put him out of business by refusing to let him buy wholesale rates from anyone else. A freehouse opened up without the constraint, just bought whatever was cheapest at any given time, from whoever they could get it from and put him out of business, even though they were a nastier venue. They then got bored, sold it on, and it is now a car show room. The result? The old pub is back open with new management and higher prices than either of the two had before. Stupid hey?

  13. #13
    Senior Member
    Join Date
    Jun 2004
    Location
    Kingdom of Fife (Scotland)
    Posts
    4,991
    Thanks
    393
    Thanked
    220 times in 190 posts
    • crossy's system
      • Motherboard:
      • ASUS Sabertooth X99
      • CPU:
      • Intel 5830k / Noctua NH-D15
      • Memory:
      • 32GB Crucial Ballistix DDR4
      • Storage:
      • 500GB Samsung 850Pro NVMe, 1TB Samsung 850EVO SSD, 1TB Seagate SSHD, 2TB WD Green, 8TB Seagate
      • Graphics card(s):
      • Asus Strix GTX970OC
      • PSU:
      • Corsair AX750 (modular)
      • Case:
      • Coolermaster HAF932 (with wheels)
      • Operating System:
      • Windows 10 Pro 64bit, Ubuntu 16.04LTS
      • Monitor(s):
      • LG Flattron W2361V
      • Internet:
      • VirginMedia 200Mb

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by ik9000 View Post
    Yeah, he was too narrow in his view. Kodak thought photography = film. Digital to them was a side line they were forced into competing in. As Saracen says, the customers just disappeared while Kodak were snoozing and blowing their money on APS film gimmickry. Kodak needed to develop their own cameras or partner with a firm who was. They really should have grabbed HP and said, hey we can bring complimentary skills to this, let's take on Canon.
    That's a dollop of 24 carat sense in my book. I had an APS camera, but the fact that the film was ferociously expensive to get developed meant I passed it onto a relative.

    I'll agree 100% with that last line (although Canon's a big HP partner) - HP Photosmart camera's were pretty crappy (are they still available, or did they get dropped?)- so there'd be a good place to start. Get Kodak cameras to seamlessly link to HP printers to do their prints, then extend that to other (non-camera) printer manufacturers - Lexmark is the next one I'd pick, possibly Epson (although I know the latter does do basic cameras).

    Career status: still enjoying my new career in DevOps, but it's keeping me busy...

  14. #14
    Technojunkie
    Join Date
    May 2004
    Location
    Up North
    Posts
    2,580
    Thanks
    239
    Thanked
    213 times in 138 posts

    Re: News - Kodak files for Chapter 11 bankruptcy

    Isn't it similar to Nokia - a company who once had the whole phone market to themselves, somehow lost the lot.

    1976: Kodak sold 90% of the photographic film in the US along with 85% of the cameras
    Chrome & Firefox addons for BBC News
    Follow me @twitter

  15. #15
    Admin (Ret'd)
    Join Date
    Jul 2003
    Posts
    18,481
    Thanks
    1,016
    Thanked
    3,208 times in 2,281 posts

    Re: News - Kodak files for Chapter 11 bankruptcy

    Quote Originally Posted by mikerr View Post
    Isn't it similar to Nokia - a company who once had the whole phone market to themselves, somehow lost the lot.
    I'm no expert in mobile phones. 'Absolutely determined to remain firmly luddite' would be nearer the mark. But from what I can make of it .... yes. I'd say they've probably still got the imprint of laurels on their backsides from the length of time they firmly rested on them. Shame really, because they've long been one of my favourites. They seemed to miss, for far too long, that people like me (wanting a high quality, basic, idiot phone (as opposed to "smart-phone", not, of course, referring to the IQ of the user ), ) were an ever-decreasing minority, and that smart-phones were where smart money was going. They've woken up to that, but is it in time?


    PS. Before some pedant refers to the grammatically inappropriateness of nested loops of parentheses in text, yes, I know.

  16. #16
    Pork & Beans Powerup Phage's Avatar
    Join Date
    May 2009
    Location
    Kent
    Posts
    6,260
    Thanks
    1,618
    Thanked
    608 times in 518 posts
    • Phage's system
      • Motherboard:
      • Asus Crosshair VIII
      • CPU:
      • 3800x
      • Memory:
      • 16Gb @ 3600Mhz
      • Storage:
      • Samsung 960 512Gb + 2Tb Samsung 860
      • Graphics card(s):
      • EVGA 1080ti
      • PSU:
      • BeQuiet 850w
      • Case:
      • Fractal Define 7
      • Operating System:
      • W10 64
      • Monitor(s):
      • Iiyama GB3461WQSU-B1

    Re: News - Kodak files for Chapter 11 bankruptcy

    Actually, I find myself hankering after a Nokia 8310 again. I could fit that in my pocket...
    Society's to blame,
    Or possibly Atari.

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •