Tag Archives: EKDKQ

Bankrupt Eastman Kodak Sells “Billions Of Dollars” Worth Of Patents For $525 Million After 18 Months Of Trying

By | December 19, 2012

A year ago, we questioned Eastman Kodak’s solvency, and discovered a strange world of what Donald Rumsfeld might have called “dead-enders” who believed in a pot of gold at the end of the Kodachrome rainbow despite all evidence to the contrary.  One rallying cry amongst these folks was huge, multi-billion dollar patent sale that was imminent.  Well, apparently,… Read More »

Bankrupt Kodak Finally Starts Killing Hopeless Businesses, Retains Doublespeak

By | February 9, 2012

Eastman Kodak(EKDKQ), in bankruptcy with its shares destined to be worthless, is finally starting to make the moves that might have helped it avert this fate had failed CEO Antonio Perez undertaken them sooner. The company announced today that “it plans to phase out its dedicated capture devices business“.  Perhaps part of its failure lies in its insistence… Read More »