BBC News - Kodak set to quit camera film and photo paper business
Debt-struck photography pioneer Kodak says it may sell off its still-camera film and photo paper divisions. The firm has already stopped making digital cameras as part of efforts to reduce its losses after filing for bankruptcy protection in January. It has also been trying to raise funds by selling off more than 1,100 digital imaging patents. It had originally planned to announce a buyer last week, but said “discussions continue” and a deal might not happen. Apple and Google had been reported to have made rival bids for the patents, but the Wall Street Journal reports they have now joined forces and have added Samsung, LG, HTC and others to their consortium The WSJ’s sources suggested the offer price for the portfolio would be about $500m (£315m) - well below the $2.6bn estimate that Kodak had suggested it could be worth.
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whuffie reblogged this from techspotlight and added:
When giants fall. In 1995 you would have scoffed at the idea of Kodak going bankrupt.
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techspotlight posted this
tech blog and random thought space for a tired and pissed off techgeek
