Posted on 08/12/2025 12:14:40 PM PDT by libstripper
Eastman Kodak issued a concerning message to investors Monday, indicating that the 133-year-old camera company's future may be in trouble.
In its second quarter earnings report, released Monday, Kodak indicated it is losing profits, adding that it doesn't have the “committed financing or available liquidity” to pay its $500 million debt obligations.
Kodak added that right now, the plan to fund its debt consists of using excess funds from the termination of a retirement pension plan to "reduce the amount of term debt and to amend, extend or refinance its remaining debt and preferred stock obligations."
(Excerpt) Read more at msn.com ...
Mama don’t take my Kodachrome away!
Kodak in trouble.......film at eleven..................
I used to work in a large photo processing plant.
Mixed Kodachrome chemistry and worked in the QC lab.
Got out 40 years ago.
RIP Kodak
A MIT Professor who did consulting with Koda said they developed many of the technologies that became digital cameras. And even patented them as a catch/kill strategy.
But they were making so much money with traditional film that they didn’t want to change.
That decision making worked for the Kodak executives at the time, but not for the long term.
I thought they had run out of business more than a decade ago.
Kodak. Joining Pan Am, Woolworth’s, Radio Shack, Oldsmobile.
And soon K-Mart and Sears.
I didn’t know they were still around. I remember them being late to the game for offering digital cameras/products in the 90s..
The owner of the Oldsmobile car division is still around.
Add buggy whips to that list!
Rochester, NY had the big three:
Kodak
Xerox
Bausch & Lomb
all three are pretty much toast
Sticking with Kodachrome was what ended up killing the company. :P
Kodak blamed digital for their demise. True to an extent but they lost the film war too, to Fuji. Nothing but bad management.
They should go take photos of the summit this Friday; it’s sure to be a Kodiak moment.
Think about the plethora of brands that were considered eternal half a century ago: Kodak, Xerox, IBM, Sears, Standard Oil, Howard Johnson, Oldsmobile, and a few hundred others. Sic transit gloria.
Kodak themselves admitted they invented the digital camera... and then did nothing with it.
Then when it became a viable consumer category, Kodak was late to market and slow to innovate.
Standard Oil is still around. They just changed their name to Chevron to get away from the negative PR. They still have a couple Standard Oil branded operations around to maintain the trademark.
They had it all. The amount of imaging technology and research was immense. But they could not see the future thru trees of the past.
B&L is still around, but they’re not in NY any more. Xerox is still doing reasonably well, but they’re not the industry dominator they used to be.
Paul Simon’s gain was their loss.
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