Kodak shares plunge as bankruptcy fears escalate

YahooFinance ^ | Sep 30, 2011 | MICHAEL LIEDTK

[Daffynition]

Investors dumped Eastman Kodak's stock Friday amid fears that the photography pioneer is headed toward bankruptcy.

After its stock lost more than half its value in a volatile day of trading, Kodak tried to paint a rosier picture. "Kodak is committed to meeting all of its obligations and has no intention of filing for bankruptcy," the company said in a statement. The reassurance lifted Kodak shares in extended trading, but the rebound wasn't enough to undo the damage sustained in a brutal week for a hallowed name in U.S. business.

[Daffynition]

Bummer.

[Paleo Conservative]

Good riddance!

In recent years Kodak concentrated on becoming a politically correct corporation with indoctrination courses and the HR department acting as enforcers.

[oh8eleven]

It's up 85% today.

[slumber1]

Great - I just bought a new Kodak printer!

[Paleo Conservative]

http://www.christianforums.com/t25608/

http://www.adversity.net/Kodak/04_intolerance.htm

http://www.wnd.com/index.php?fa=PAGE.printable&pageId=15654

http://www.vote.com/vote/51711885/index.phtml?cat=6834282

Google search for Kodak Political Correctness
http://www.google.com/#hl=en&sugexp=bvie&cp=18&gs_id=2j&xhr=t&q=kodak+political+correctness&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=kodak+political+co&aq=0v&aqi=g-v1&aql=f&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=f898fa5c2f00d7d8&biw=1886&bih=1078

[mc5cents]

When I think back
On all the crap I learned in high school
It’s a wonder
I can think at all
And though my lack of education
Hasn’t hurt me none
I can read the writing on the wall

Kodachrome
You give us those nice bright colors
You give us the greens of summers
Makes you think all the world’s a sunny day, oh yeah!
I got a Nikon camera
I love to take a photograph
So Mama, don’t take my Kodachrome away

[OrangeHoof]

Another Kodak moment. Let me take a picture with my cell phone.

[oh8eleven]

Adding insult to injury, as the stock plummetted, the EK_MFers had the gall to sponsor ads in the local Gannett rag touting their diversity.
Then they went after the retirees, the very people who MADE the company, and reneged on their benefits.
Antonio Perez, (who sits on Zero's job council) will forever be known as the man who destroyed a legend, and stole from old people.

[Paine in the Neck]

Well, they outlasted that upstart Polaroid.

[RitchieAprile]

how are they liking this down in Rochester?

[Daffynition]

Thanks for the informative links. I had no idea.

[mc5cents]

I’ve goat a Kodak printer too and love it.

[Nervous Tick]

Time it was, and what a time it was, it was
A time of innocence, a time of confidences
Long ago, it must be, I have a photograph
Preserve your memories; They’re all that’s left you

— Simon and Garfunkel

If I remember correctly, S&G cut this little ditty for a Kodak commercial. Not sure it was ever used.

Pretty soon Kodak itself will be just a memory. How ironic.

[Paleo Conservative]

Great - I just bought a new Kodak printer!

Why? Kodak is one of the worst companies for enforced political correctness in the whole United States. I've been boycotting them for years. It serves them right that in concentrating on political correctness, they've lost the competitive edge to allow them to develop industry leading digital imaging products to replace their silver halide technologies. They've been living off their old reputation and goodwill for too long.

[AMiller]

Here’s a link to Bob Lonsberry’s column “Kodak is Dead”

http://www.lonsberry.com/writings.cfm?go=4

[dfwgator]

Time it was, and what a time it was, it was A time of innocence, a time of confidences Long ago, it must be, I have a photograph Preserve your memories; They’re all that’s left you — Simon and Garfunkel

Kodachrome, they give us those nice bright colors
They give us the greens of summers
Makes you think all the world's a sunny day, oh yeah
I got a Nikon camera, I love to take a photograph
So mama don't take my Kodachrome away

[oh8eleven]

how are they liking this down in Rochester?
In the mid 1980s, EK employed about 65,000 in this city alone. Today employment is about 18,000 - world wide. Xerox hasn't done much better.
But Rochester (Monroe County) can still be proud of the fact that it has the highest property taxes in the country.
Rochester - a great place ... 50 years ago.

[wiseone]

I remember when visiting Kodak headquarters in Rochester, New York, was like going to heaven & seeing God,

[Paleo Conservative]

Kodachrome, they give us those nice bright colors

Well that's a product that was introduced in 1935 for 8mm and 16mm motion picture film and 1936 for 35mm still cameras.

[dfwgator]

Although I never figured why he used a Nikon camera, instead of a Kodak.