reuters: Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs. The move marks the end of an era for Kodak, which is seen as one of the biggest corporate casualties of the digital age, after it failed to quickly embrace modern technologies such as digital photography, a product that it also invented. The company, which filed for bankruptcy protection last month, said on Thursday that it will take a charge of about $30 million for the business exit, which it expects to generate annual operating savings of more than $100 million. Read more: Kodak to stop making cameras to cut costs This is sad news. - Waterman12053
Pop-upView Separately

reuters:

Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.

The move marks the end of an era for Kodak, which is seen as one of the biggest corporate casualties of the digital age, after it failed to quickly embrace modern technologies such as digital photography, a product that it also invented.

The company, which filed for bankruptcy protection last month, said on Thursday that it will take a charge of about $30 million for the business exit, which it expects to generate annual operating savings of more than $100 million.

Read more: Kodak to stop making cameras to cut costs

This is sad news. - Waterman12053

(via inothernews)

Source: reuters

176 Notes/ Hide

  1. romulo-olivares reblogged this from reuters
  2. guywithaviators reblogged this from lamitas and added:
    Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video...
  3. lamitas reblogged this from piecesoflogic
  4. piecesoflogic reblogged this from macro55
  5. macro55 reblogged this from pdl2h
  6. flamemonger reblogged this from reuters
  7. katrishiapowell reblogged this from reuters
  8. waterman12053 reblogged this from inothernews and added:
    This is sad news. - Waterman12053
  9. butnotquite reblogged this from inothernews and added:
    :’(
  10. carpeveritas reblogged this from reuters and added:
    :(
  11. stephpoulos reblogged this from reuters
  12. bryguysblog reblogged this from reuters and added:
    good lead because it...real news. It’s relevant to my life
  13. mohajacoremade reblogged this from jacony
  14. madeincuracao reblogged this from reuters
  15. fabithejoker reblogged this from reuters and added:
    END OF THE WORLD!
  16. laredonewsloft reblogged this from reuters
  17. merripi reblogged this from inothernews
  18. katelynreber reblogged this from reuters
  19. mcscooterson reblogged this from reuters
  20. drumskillur reblogged this from reuters and added:
    nooooo
  21. tarasmisj reblogged this from reuters
  22. This was featured in #News
  23. This was featured in #Tech
  24. reuters posted this