Wednesday, February 15, 2012

Sad Times for Eastman Kodak, TheTentacle.com: February 15, 2012, by Kevin E. Dayhoff


There have been many tragedies of economic malaise in the last five years. Kodak’s recent filing for Chapter 11 bankruptcy seems especially sad; and it is only fitting that we pause for a moment to pay our respects.

According to an article in The Wall Street Journal by Mike Spector, Dana Mattioli and Peg Brickley on January 20, “Kodak's board, meeting by telephone, voted to seek bankruptcy protection at 4:48 p.m. Wednesday after a 75-minute discussion of the company’s position, a person familiar with the matter said. The company filed the documents shortly after midnight.”

Then, as if the laws of nature endeavored to pour salt in the wound – and our collective memories – the venerable 132-year old icon of American hard work and innovation announced it was going to stop making cameras… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4921

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