Posts Tagged Kodak

Bad news for Eastman Kodak sent us a link to an article which will cause photographers to pause and reflect on the past. The article states among other things that:

NEW YORK (CNNMoney) — Shares of Eastman Kodak dropped almost 60% Friday, with trading halted several times amid rumors that the camera maker has hired a law firm for advice on a major restructuring or bankruptcy filing.

The Wall Street Journal said Friday that Kodak had hired law firm Jones Day for restructuring. Bloomberg said the company hasn’t officially hired a firm yet, but that bankruptcy is among the options being considered.

Kodak: Death of an American icon?

IPAM said in its letter to Kodak’s board that the company’s “long-term performance is simply unacceptable, and as such it has not earned the right to remain an independent company.” It urged Kodak to find a buyer that “has resources to commercialize the company’s intellectual property more efficiently.”

Kodak has been increasingly relying on licensing for revenue. In July, The company also announced it’s exploring the sale of more than 1,100 patents tied to digital imaging. Analysts say that deal could generate as much as $3 billion.

Find the complete article HERE.

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Goodbye to an icon of photography – Kodachrome 1935-2010 has an article describing the final days of the legendary slide film Kodachrome. The last roll will be processed next week. Check out the article HERE about Dwayne’s Photo, in Parsons, Kansas, which was the last lab to offer processing for Kodachrome having purchased enough chemicals from Kodak to allow them to continue processing the film through the end of 2010.

During the past week Dwayne’s employees kept the last Kodachrome processing machine operating 24 hours a day filling orders as the announced deadline for accepting orders of December 30 approached.  On Thursday Dwayne’s received 18 bags of U. S. mail and 500 packages via FedEx, enough work to keep them processing around the clock until sometime next week.

… a railroad worker who had driven from Arkansas to pick up 1,580 rolls of film that he had just paid $15,798 to develop

… an artist who had driven directly here after flying from London to Wichita, Kan., on her first trip to the United States to turn in three rolls of film and shoot five more before the processing deadline

The story is well worth the read!

Been there, done that, get the t-shirt to prove it!

Kodachrome t-shirtKodachrome t-shirt

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