Sci/Tech Not a Kodak Moment: Legendary Camera Maker Files for Bankruptcy Protection

[MrBrooks]

Struggling camera maker Kodak said on Wednesday night that it has filed for Chapter 11 reorganization. The move, which had been expected, follows years of struggle by the film giant to transition to a digital imaging company. In recent months, the company has sought to capitalize on its patents and, in recent days, has sued Apple, HTC and Samsung. Kodak said it hopes to emerge from bankruptcy in 2013 and intends to conduct business during the restructuring using $950 million in financing from Citigroup. As part of the move, the company said it has named Dominic DiNapoli, vice chairman of FTI Consulting, as its Chief Restructuring Officer.

Read the whole article here.

 

[xPass]

Wait, they sued those companies before or after bankruptcy?

 

[Slapshot136]

Wait, they sued those companies before or after bankruptcy?

it sued some quite a while ago (2 years ago?), but they started to sue a few more companies recently as well (apple/htc)

 

[xPass]

it sued some quite a while ago (2 years ago?), but they started to sue a few more companies recently as well (apple/htc)

Oh, thanks
Were they sue-ing for luck that they will win so that they get back some money

 

[Slapshot136]

Were they sue-ing for luck that they will win so that they get back some money

isn't that what everyone is doing these days?

well, they were being paid by sony/olympus/panasonic/others, but apple/HTC decided not to, so they sued - in all fairness, kodak is the one who created the digital camera, and it's not like they are preventing others from making digital cameras, they are just asking for royalties/patent trades

 

[camelCase]

Sounds like Konami and the music games industry =P
Except Konami isn't going bankrupt.

 

[Varine]

Sounds like Konami and the music games industry =P
Except Konami isn't going bankrupt.

Sounds like the game industry in general... everyone sues everyone here. I personally can't wait to sue Activision for something. I don't even care what it is, so long as I can blow it out of proportion.