4d ago

Kodak cautions there's 'substantial doubt' about its ability to stay in business

apnews.com Kodak cautions on business operations but remains confident it can meet debt obligations

The more than 130-year-old Eastman Kodak Co. is cautioning on its business operations, but says it is confident it will be able to work out upcoming debt obligations.

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Kodak has been circling the drain for decades. I'm shocked they've lasted this long.
- A Kodak engineer invented the first digital camera in 1975. They had their chance, and chose to keep on with collecting money for film. For 50 years.
  
  What's ludicrous is they monopolized the film industry in the interim and yet they still couldn't make a go of it?
  
  Same with the auto industry. King of the world for decades. 2008? O noes we broke, handouts plz.
  Executive management is a gross joke.

26 comments