Eastman Kodak....

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TSTOM
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Eastman Kodak....

Post by TSTOM » Fri Sep 30, 2011 1:37 pm

....has finally and mercifully passed.

RIP:-(

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MEC407
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Re: Eastman Kodak....

Post by MEC407 » Sat Oct 01, 2011 10:52 am

Source?

I found an article on the Wall Street Journal web site, dated today, saying that they're restructuring... but I can't find anything that says they've gone out of business...
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MEC407
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Re: Eastman Kodak....

Post by MEC407 » Sat Oct 01, 2011 10:56 am

Press release on Kodak's web site, posted yesterday (September 30):
Kodak.com wrote:ROCHESTER, N.Y., September 30 -- Eastman Kodak Company (NYSE:EK), in response to rumors circulating in the capital markets, issued the following statement:

“Kodak is committed to meeting all of its obligations and has no intention of filing for bankruptcy. The company also continues to actively pursue its previously announced strategy to monetize its digital imaging patent portfolio. Kodak remains focused on meeting its commitments to customers and suppliers, and on delivering on its strategy to become a profitable, sustainable digital company.

“It is not unusual for a company in transformation to explore all options and to engage a variety of outside advisers, including financial and legal advisers. Jones Day is one of a number of advisers that Kodak is working with in that regard.”
http://www.kodak.com/ek/US/en/Kodak_Sta ... ruptcy.htm
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scottychaos
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Re: Eastman Kodak....

Post by scottychaos » Sat Oct 01, 2011 3:13 pm

"The rumors of my death have been greatly exaggerated" -Kodak
~ Scot Lawrence
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