Posted on 01/08/2012 6:02:31 PM PST by Hojczyk
Investors who have not yet sold their holdings in EK should get out while they still can.
Management must have known about the massive gap between the company's assets and liabilities for some time, at least a year or more. Given that they have not, in this time, been able to monetize the company's patent portfolio at a level that could save the company, it is fair to assume that the court-supervised auction dictated by Chapter 11 bankruptcy will not do much better.
Instead, we can expect a fight from the company's employees for as much of the benefits promised them as possible. Given that they will likely have to accept a large hair cut on what was promised them, I doubt they will be very sympathetic to the equity holders.
In other words, EK equity holders should not expect any cash to be left over for them after the company addresses its $2.6 billion obligation to its employees and its $1.5 billion obligation to its debt holders.
Note the $2.6 billion pension deficit and the $1.5 billion debt load are based on most recent data available, the company's 2010 10-K.
(Excerpt) Read more at marketwatch.com ...
I hope that wasn't a surprise to anybody.
My son sat down tonight and explained to me how we can get rid of broadcast TV, cable TV, telephone service and a variety of other things for $60 per month fiber optic internet connectivity.
Too late, I would say.
Aren’t they below a buck?
A little late, wouldn’t you say?
while I’ve already done the internet and phone combination and I’m aware of movies and some shows available for free I’m unaware of how to get broadcast shows and cable viewing without paying extra subscriptions - what am I missing?
A lot of it was ultimately unavoidable.
Digital cameras can do so much of what Kodak or Polaroid used to own.
About the only service they can still offer are glossies that last 200 years and some other professional services that amateurs generally can’t do.
But the heyday of professional photography, being in the hands of the few, are certainly behind us.
I bought a Kodak camera last year.
Turned it over. “Made in China”.
Then you could buy Netflix
Umm..would you mind sending your son over to my place tomorrow night.
They made a few “things” for the military during WWII also.
Kodak has MORE THAN DOUBLE the number of patents that Nortel did.... and, Nortel clear nearly $5 Billion from their auction...
I’m a little intrigued by the possibility of this..
But.. I’ll wait until EK goes down to next to nothing.
Change your viewing habits. You’re paying a lot because you want particular shows, unwilling to watch others very much like them at much lower costs.
To Who?
I have a small laptop that tunes TV. We use it during stormy periods because our electricity usually goes out.
I think I could do without broadcast stations entirely, and certainly most cable stations ~ like who needs 999 channels when you can have millions.
But I think your question really was, where's this fiber optic that I can sign up with. I've got 5 of them running through my front yard. You may have one too.
http://www.buyqwest.com/?cpid=19169&cpag=local
YOU change YOUR viewing habits!
Kodak - A shame!
I remember in the seventies and early eighties that I would buy their stock in the low forties, and sell in their mid sixties, then buy again, as that was their range for a decade. Did that cycle a few times and made a few quid!, all while I bought Etchrachrome slide film, to feed my SLR.
We all have to hate the demise of an innovative company that has so been unable to transform itself into today’s market. Recently Kodak was profiting from the print paper revenues after the film business dried up; but then lost that market due to low cost innovators in that sector.
Printers?? Compete with hundreds of others! Not!
Now, Kodak, it’s time for your dignity to call an end to your era, pay off your obligations, and be remmbered as one of the gold luster US companies for a century!
The $60 will do what he told you, and it is a very good deal...But it isn’t on a completely fiber (ethernet) system unless you live in Knoxville or Houston.
The cable and telcos all have legacy coax and twisted pair technology mixed in with fiber in their networks, which greatly reduces the speed and reliability in relation to an all fiber network. One test for determining whether someone is offering you an all fiber network is if the upload and download speeds are the same.
Speed on an ethernet system is also blazing fast - you can get up to 1 gig in Knoxville and up to 10 gigs in Houston.
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