The coolest place on the internet, according to this tagline.
AskArchiveFAQ

September 11, 2012

Kodak expects another round of layoffs ahead of 2013

  • 1,000 workers will be cut from Eastman Kodak’s payroll by the end of the year, bringing the total number of employees laid off by the company in 2012 to 3,700.
  • $330M in salary and benefit expenses will be saved by the company as a result of the sweeping cuts. source
16:06 // 2 years ago
August 24, 2012
8:41 // 2 years ago
April 9, 2012
16:18 // 2 years ago
January 19, 2012

131 years in the making: As we mentioned a couple weeks ago, the former film titan, whose  business put cameras in the hands of millions of people, now enters a new phase in its long history, bankruptcy proceedings. New York Governor Andrew Cuomo called it “difficult and disappointing news,” which is understandable; their company was headquartered in Rochester, NY. Since 2003, Kodak has laid off about 47,000 employees, and now in bankruptcy protection their already weak stock price has plummeted to 34 cents per share. If you want to get really depressed about this story, read Alexis Madrigal’s great piece on the company’s historysource

Follow ShortFormBlog

13:56 // 2 years ago
thisistheverge:

Kodak files for Chapter 11 bankruptcy | The Verge
Patent lawsuits won’t save Kodak from an overhaul, it seems: as predicted, the photography company just announced that it’s filed for bankruptcy. Kodak says it’s voluntarily filed for Chapter 11 reorganization in New York, in order to “bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines.”

Having recently purchased a Kodak product and seeing how awful the user experience was, this is the opposite of surprising. Still sad though.

thisistheverge:

Kodak files for Chapter 11 bankruptcy | The Verge

Patent lawsuits won’t save Kodak from an overhaul, it seems: as predicted, the photography company just announced that it’s filed for bankruptcy. Kodak says it’s voluntarily filed for Chapter 11 reorganization in New York, in order to “bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines.”

Having recently purchased a Kodak product and seeing how awful the user experience was, this is the opposite of surprising. Still sad though.

9:14 // 2 years ago
January 4, 2012
Kodak may soon file for bankruptcy
The end of an era: According to sources reported by The Wall Street Journal, the Eastman Kodak company sits on the verge of Chapter 11 bankruptcy, and is expected to file within the next couple weeks. Once a colossus in the world of film, advancements in digital technology inevitably hurt the company’s profits, straining an outdated business model; they’ve failed to turn a profit five of the last six years. Kodak employs about 19,000 people, and has heavy responsibilities to retirees — this is certainly not what the private sector job market needs right now. (Photo courtesy of alf sigaro) source
Follow ShortFormBlog

The end of an era: According to sources reported by The Wall Street Journal, the Eastman Kodak company sits on the verge of Chapter 11 bankruptcy, and is expected to file within the next couple weeks. Once a colossus in the world of film, advancements in digital technology inevitably hurt the company’s profits, straining an outdated business model; they’ve failed to turn a profit five of the last six years. Kodak employs about 19,000 people, and has heavy responsibilities to retirees — this is certainly not what the private sector job market needs right now. (Photo courtesy of alf sigarosource

Follow ShortFormBlog

21:07 // 2 years ago
September 30, 2011
Remember Kodak? The iconic film brand on whose film many of the 20th century’s greatest photos were taken? Well, today isn’t a banner day for them. Their stock has fallen as low as 59 percent — in a single day — after a report raised concerns about the company’s ability to turn around. They had to stop trading at one point, even. So, what’s next? Possibly bankruptcy. Last we heard of them, they were considering becoming a patent troll as a way to stay afloat. (incredibly fitting photo via Shiny Things on Flickr)

Remember Kodak? The iconic film brand on whose film many of the 20th century’s greatest photos were taken? Well, today isn’t a banner day for them. Their stock has fallen as low as 59 percent — in a single day — after a report raised concerns about the company’s ability to turn around. They had to stop trading at one point, even. So, what’s next? Possibly bankruptcy. Last we heard of them, they were considering becoming a patent troll as a way to stay afloat. (incredibly fitting photo via Shiny Things on Flickr)

14:46 // 2 years ago
March 25, 2011

Once-powerful Kodak now raising money by patent trolling

  • $1 billion — the amount Kodak wants to shake out of RIM & Apple source

» Wait wait, how sad is this? Kodak, one of the great companies of the 20th century — and probably the one most deserving of a Paul Simon tune — has been relegated to patent troll status. Kodak claims that they hold the patent to an image-preview feature commonly used in cameraphones. The company has lost half of its market value in the past year.

13:09 // 3 years ago