Kodak, we are sad to see you leaving…
Rumours about Kodak filling for bankruptcy have been circulating for a while on the Net. The photography community, and not only that, would remember that Apollo 11 astronauts used a Kodak camera to record the memorable event of the first human being walking on the Moon’s surface. Sentimentalisms apart, Kodak obtained a loan of $950 million (£615 million) from Citigroup to continue operating during bankruptcy and paying employees. The combination of loan and bankruptcy protection will allow Kodak re-structuring and re-organising its business whose interventions and strategies are documented in KodakTransforms
Posted on January 19, 2012, in Business, Photography and tagged kodak, photography. Bookmark the permalink. 3 Comments.
Hi there! Thank you so much for the pingback, although my post is really sketchy. I am still a blogger in training, therefore I tend to be very concise…Your blog is excellent and I am privileged to have my “thin” post mentioned there, I will read the whole Kodak post and get back to you with my comment. Keep up the great work! I.
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