phototips.biz: Kodak to sell off retail print, paper and film business

Kodak has been in serious financial straits for a while. Holding over a billion dollars worth of patents, they had hoped to sell off many of those in order to raise the $700 million needed to pay off creditors and dig themselves out of the hold. But that did not happen.

As a last resort, the company is now trying to sell off it's retail print business. This includes Kodak kiosks that print images for consumers, all remaining film and paper sales, and a few other related pieces of this business.

Kodak will retain control over their commercial aspects.

As a personal note, I am not sure Kodak will survive this at all. The warning signs are all in place that there will soon be nothing left of the company. It would seem to be a better move to sell off everything except their many patents, and become a research company instead. Focusing on building back from that point after the muddy waters of debt had cleared. By Kodak is a fighter and doing everything they can to stay as big as they can be. I just don't think it looks good that they will be successful in this endeavor.

Source: http://www.phototips.biz/2012/08/kodak-to-sell-off-retail-print-paper.html

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