Kodak to stop production of digital cameras

**boriscleto** · 02-09-2012, 08:22 AM

Kodak to stop production of digital cameras, frames | Democrat and Chronicle | democratandchronicle.com

No more pocket video cameras or digital picture frames either. They are selling the brand name to an importer.

But they are still selling consumer film and photographic paper....head in the sand.

brofkand · 02-09-2012, 08:35 AM

The patent buyers are waiting for a bankruptcy court firesale before they buy patents. Why pay $X now when they can pay half of $X during a bankruptcy liquidation?

This will probably happen by April, unless something we don't know about yet happens.

Kodak will sell their film business to Fuji, Ilford, or some other existing film manufacturer. Maybe Impossible will buy it and begin to charge $15 for a roll of Ektar 100, or $25 for a roll of Portra. The patents, machinery, etc. will be sold off to raise cash to pay off employees' retirement and healthcare obligations, and stockholders.

This is how I see it going down, but I hope I'm wrong.

eddie1960 · 02-09-2012, 09:20 AM

Originally posted by boriscleto

Kodak to stop production of digital cameras, frames | Democrat and Chronicle | democratandchronicle.com

No more pocket video cameras or digital picture frames either. They are selling the brand name to an importer.

But they are still selling consumer film and photographic paper....head in the sand.

their digital cameras are a lost cause anyway and the category is being rapidly replaced by smartphones (just look at apples iPhone sales last quarter - profits were so high they skewed nasdaq numbers by almost 2%).
Their film division OTOH is still profitable and actually grew last year - rationalized it will be a Gem if it gets sold
and they are repositioning themselves as a printer manufacturer (which is the dumbest of all since so few people actually print photo's)

GibbyTheMole · 02-09-2012, 09:22 AM

I know they're just a giant faceless corporation, but it's a little sad in a way. The name "Kodak" was synonymous with photography for over 120 years. I guess it's nothing but a stamped-on name, but still...

slackercruster · 02-09-2012, 09:58 AM

Originally posted by brofkand

The patent buyers are waiting for a bankruptcy court firesale before they buy patents. Why pay $X now when they can pay half of $X during a bankruptcy liquidation?

This will probably happen by April, unless something we don't know about yet happens.

Kodak will sell their film business to Fuji, Ilford, or some other existing film manufacturer. Maybe Impossible will buy it and begin to charge $15 for a roll of Ektar 100, or $25 for a roll of Portra. The patents, machinery, etc. will be sold off to raise cash to pay off employees' retirement and healthcare obligations, and stockholders.

This is how I see it going down, but I hope I'm wrong.

Do you see Kodak US shutting down? Or if not shutting down, have little or no connection to the Kodak we all knew and loved?

02-09-2012, 08:22 AM	#1
boriscleto Loyal Site Supporter Join Date: Dec 2009 Location: North Syracuse, NY Photos: Gallery Posts: 16,476	Kodak to stop production of digital cameras Kodak to stop production of digital cameras, frames \| Democrat and Chronicle \| democratandchronicle.com No more pocket video cameras or digital picture frames either. They are selling the brand name to an importer. But they are still selling consumer film and photographic paper....head in the sand.

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02-09-2012, 08:35 AM	#2
brofkand Pentaxian Join Date: May 2009 Location: North Carolina Posts: 836	The patent buyers are waiting for a bankruptcy court firesale before they buy patents. Why pay $X now when they can pay half of $X during a bankruptcy liquidation? This will probably happen by April, unless something we don't know about yet happens. Kodak will sell their film business to Fuji, Ilford, or some other existing film manufacturer. Maybe Impossible will buy it and begin to charge $15 for a roll of Ektar 100, or $25 for a roll of Portra. The patents, machinery, etc. will be sold off to raise cash to pay off employees' retirement and healthcare obligations, and stockholders. This is how I see it going down, but I hope I'm wrong.

02-09-2012, 09:20 AM	#3
eddie1960 Veteran Member Join Date: Aug 2010 Location: Toronto Photos: Gallery \| Albums Posts: 13,667	Originally posted by boriscleto Kodak to stop production of digital cameras, frames \| Democrat and Chronicle \| democratandchronicle.com No more pocket video cameras or digital picture frames either. They are selling the brand name to an importer. But they are still selling consumer film and photographic paper....head in the sand. their digital cameras are a lost cause anyway and the category is being rapidly replaced by smartphones (just look at apples iPhone sales last quarter - profits were so high they skewed nasdaq numbers by almost 2%). Their film division OTOH is still profitable and actually grew last year - rationalized it will be a Gem if it gets sold and they are repositioning themselves as a printer manufacturer (which is the dumbest of all since so few people actually print photo's)

02-09-2012, 09:22 AM	#4
GibbyTheMole Veteran Member Join Date: Nov 2009 Location: Iowa Photos: Albums Posts: 2,275	I know they're just a giant faceless corporation, but it's a little sad in a way. The name "Kodak" was synonymous with photography for over 120 years. I guess it's nothing but a stamped-on name, but still...

02-09-2012, 09:58 AM	#5
slackercruster Veteran Member Join Date: Jan 2012 Location: NE, USA Posts: 1,302	Originally posted by brofkand The patent buyers are waiting for a bankruptcy court firesale before they buy patents. Why pay $X now when they can pay half of $X during a bankruptcy liquidation? This will probably happen by April, unless something we don't know about yet happens. Kodak will sell their film business to Fuji, Ilford, or some other existing film manufacturer. Maybe Impossible will buy it and begin to charge $15 for a roll of Ektar 100, or $25 for a roll of Portra. The patents, machinery, etc. will be sold off to raise cash to pay off employees' retirement and healthcare obligations, and stockholders. This is how I see it going down, but I hope I'm wrong. Do you see Kodak US shutting down? Or if not shutting down, have little or no connection to the Kodak we all knew and loved?