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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 ...
They could always start selling buggy-whips packaged in bright yellow boxes. Sad to see but utterly inevitable. Digital consumer cameras weren’t their only downfall. Motion picture film sales have also dried up. Think about it...a two hour feature is about 12,000’ of film, multiplied by, what, 20 auditoria in a multiplex, multiplied by how many auditoria nationwide? That’s a lot of film. Now there’s a massive migration to digital projection and that’s pretty well the end of Big Yellow. (For the record, I’m a former projectionist). The remaining need for consumer and pro-sumer film is filled nicely by Fuji products (ever shot Velvia? stunning!).
A classic victim of “Innovators Dilemma”, same reason your hard drive no longer says “Shugart” on it. This happens when incumbents in an industry become so focused on current generation technologies that they fail to see the potential of a new disruptive technology that can ultimately render their company obsolete.
It's part of a rather stupendous system installed in this area.
We even have manhole covers that are WELDED, and when opened, there are armed fire teams surrounding the area.
I don't think most of this is hooked up to civilian concoctions.
Check the up and down rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system you are getting an absolute steal at $60.
Check the up and down rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system you are getting an absolute steal at $60.
The story going around their former units (ITT and Carestream), is that Kodak is going into court tomorrow 1-9-2012 to file Chapter 11.
Check the upload and download rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system, you are getting an absolute steal at $60.
No I’m not paying anything. I just don’t watch - though I would like to pick up the sports or hobby shows once in a while, I just don’t pay for anything besides the internet connection and digital phone.
My question was more along the lines of where do you find the material that you are watching without additional fees.
Forgot you could get a tuner for the computer - that might be something to do just for a few sports now and then, but I do DSL for my internet and I was more curious on where to find additional content.
Great example, Shugart. We must be nearly approaching getting close to old...
.......................The story going around their former units (ITT and Carestream.....................
Huh??? ITT never had anything to do with Kodak!
I was an executive with ITT for 20 years, and we had lots and lots of properties: Avis, Scott grassseed, Hartford Insurance, Rayonier, Levitt builders, Sheraton hotels, the US Dew line; Grinnell, Flygt, and a few hundred other companies around the world, but never Kodak!
You are missing nothing.
I have a TV, but it doesn't work anymore because I didn't buy a digital converter. All the video I watch these days comes through the glass pipe born on internet packets. The whole concept of TV and channels and what-not is obsolete! The sooner it dies, the better!
Agreed its just harder to find something to watch when you just want to sit and rest for a few.
Although I agree with your son's assessment, that is not a state that is likely to exist much longer. I am amazed it has persisted as long as it has.
The problem, you see, is that every one of the services you listed is taxed to the gills, although most people are blissfully ignorant of the extent those taxes, overt and hidden, affect their monthly bills.
The moron politicians and bureaucrats, for other agendas, have encouraged the universal web access to the professional idle, the generational welfare recipient. The manipulators have yet to figure out a way to tax ALL uses of the internet without creating an indefensible exponential increase in additional welfare diguised as taxes. Both the users and the taxpayers would rebel, no question.
But the first step has already been taken by the totalitarians, controlling the "internet switch" under the guise of homeland security.
I did. Saved $72/month.
The FOX NEWS site on the web is OK. Plus there's always WEATHER and FREE REPUBLIC.
None of what I mentioned above has to do with broadcast TV or cable TV. I can change my viewing habits, particularly as I spiral into a long range problem with vision. My computer can keep enlarging text ~ and when I get to using the LED projector to give me 12 foot by 8 ft words, it's going to be tedious to watch anything ~ and advertising will hold no appeal for me ~ well, maybe for Attends or something like that ~ but Charlie Sheen? Ain't no way.
BTW, the Sopranos is about two things ~ Sicilianos and Sociopaths ~ they converge in this delightful suburban setting ~ much like the one I grew up in where the guy next door is a wiseguy and there were bankrobbers (with convictions even), railroaders (always colorful people), and wild Indians.
I used that show as an instructional data set for the kids to 'splain MY HOOD as well as midgets. There've been a lot of them in my life and there were several in the Sopranos ~ with irregular parts, but still there. Plus, they had three midget shows on simultaneously ~ love the Roloffs and that doctor lady reminds me a lot of some inlaws. She's a nice person. Her husband is a saint.
Every single decision Obama makes is to harm America.
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