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  1. #31
    Derek Lofgreen's Avatar
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    and guess who they have to thank for all of this happiness ? The leader that ran Eastman Kodak into the ground - Antonio Perez !!
    Amen brotha!
    My Photography Site www.lofgreenimages.com and My Blog

  2. #32

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    I've only used Kodak film. Nothing else. After reading the reorganization filing, I've concluded it's over for Kodak film. No hoarding for me however. Going to get to work recalibrating everything for Ilford films. That's the bright side for me: there is an alternative. I do hope I'm wrong, but will be prepared if I'm right.

  3. #33

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    No matter what happens, the US retirees are not totally screwed. Their pensions are insured by the Pension Benefit Guaranty Corporation, an arm of the US Department of Labor. But if Kodak defaults on the pensions, there's a cap on the annual payment per retiree from PBGC at around $50000. Also, they surely won't get the same very generous medical benefits. (Kodak long used generous benefits for employees and retirees to avoid unionization of their workforce.)

    From reading the filing -- we may see some noticeable increases in film prices. Kodak has been mostly "eating" the trebling of silver prices since 2008, because the economy is "too bad" to raise film prices. Ilford, on the other hand, is passing silver prices through. Kodak needs to stop doing this, quit worrying about market share with Fuji.

    Film is 26% of revenues. But probably most of the net income (profit). Film sales have fallen 40% since 2008, probably more due to the digitization of Hollywood than what still photographers are and aren't buying.

    My bet is Apple buys the patent portfolio, to screw the Google/Android phone makers. That's a hot rivalry at the moment, the patent lawsuits are hot and heavy.

  4. #34
    zsas's Avatar
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    Quote Originally Posted by Moopheus View Post
    This was also the strategy of the banking industry with regard to securitization of mortgage loans. That worked out well for everybody.
    Let's keep the discussion to manufacturing, banking is a whole other ball game
    Andy

  5. #35

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    I've just placed an order that should give me enough Kodak film to last two years at my, modest, rate of consumption. The reason is partly so I can relax a bit whilst waiting to see what happens, but more directly because my supplier, 7dayshop, will lose a VAT advantage in supplying to the UK when new regulations come into effect in April 2012, causing the price to rise 20%.

    I know there's still Fuji, but I'd only just decided to switch from Fuji to Portra for my colour neg needs, and to standardise on T-Max for mono.

  6. #36

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    Quote Originally Posted by Toffle View Post
    Call me an ostrich, but I'm gonna do exactly the same thing I do anytime I read the doom and gloom about film photography. I'm gonna go blow my allowance on film and paper and chemicals and leave someone else to worry about the store.

    I'm off on a four-day film bender. Starting right.....
    A four-day bender! I like that.

    I'm as ignorant as most as to how all of this is going to shake out but I think it's safe to assume there will be fewer choices to be had and that some of us will loose tools we have come to love. I have no answer for that except to learn the new (for some), remaining tools, so they can keep on remaining. This morning when I heard the Kodak story on NPR I jumped out of bed, sat down at the computer and hit Freestyle for another 100 rolls. Rational? Hell no. I'm always amazed at capitalists's ability to make money at something; no matter how small or esoteric a market. But, as you already know, if it looks like you have to say good bye it might as well be a party.

    s-a

  7. #37
    zsas's Avatar
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    Quote Originally Posted by zsas View Post
    Re Fourtue article:

    "...move the cost and risk of innovating off your balance sheet and onto others"

    This is not a new idea, any interview of Michael Dell from the 90's will show how he did this

    I guess the writer above is trying to term it now?
    Just found the interview/case study, there is Harvard Businuess Review case study from 1998 titled The Power of Virtual Intergration: An Interview with Dell Computer's Michael Dell

    I believe the Fortune article above is pitching a strategy, the writer calls "Convergences" that was termed in 98 as Virtual Integration in the Harvard case study.

    I think Perez et al knew about the term back then too...

    Fortune writer makes it sound all too easy...
    Last edited by zsas; 01-19-2012 at 11:21 AM. Click to view previous post history. Reason: Fix article name
    Andy

  8. #38
    CGW
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    Should be sick fun to watch stocks clear and wait for stuff to show up on eBay.

  9. #39

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    Quote Originally Posted by EASmithV View Post
    I dearly hope that if anything is saved, the film division should be on the top of the list.
    Quote Originally Posted by 2F/2F View Post
    Here's hoping they emerge a leaner and meaner company that still produces the best film in the world. Somehow I doubt it, though.

    NPR reported this morning that Kodak's plan for restructuring is to sell patents and gear up as a main focus of being a printing and ink company.

  10. #40
    Thomas Bertilsson's Avatar
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    Quote Originally Posted by JMC1969 View Post
    NPR reported this morning that Kodak's plan for restructuring is to sell patents and gear up as a main focus of being a printing and ink company.
    Sigh. That's what they've been trying to do for a decade.
    "Often moments come looking for us". - Robert Frank

    "Make good art!" - Neil Gaiman

    "...the heart and mind are the true lens of the camera". - Yousuf Karsh

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