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  1. #51
    Ektagraphic's Avatar
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    What?!


    Earlier this year in its U.S. Bankruptcy Court filings, Kodak listed a variety of potential sales, including Cinesite, a special-effects business it unloaded in May, as well as its polyester film business, paper and output systems operation, and the motion-picture film business.
    http://www.usatoday.com/money/indust...ion/56149400/1
    Helping to save analog photography one exposure at a time

  2. #52
    Pioneer's Avatar
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    We live in interesting times

  3. #53

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    On Reorganizations.

    Once upon a time a CEO of an underperforming corporation was ousted. Since he had a nice golden parachute, he decided to give his successor some good advice.
    "In the top right hand desk drawer," he said, "you'll find three numbered envelopes." When you find yourself in a crisis, open the lowest numbered envelope and follow the advice inside."

    The new CEO put on their best phony smile and bade the old CEO farewell. 6 months later the company was still underperforming and the board of directors was not happy. In desperation the new CEO opened the envelope #1. "Blame your predecessor," it read.

    This proved to be good advice, and the board, shareholders and business press seemed content to wait for a turnaround. Unfortunately, things didn't get better, so 9 months later the CEO opened envelope #2. "Reorganize," it read.

    This again quieted the critics for a while, but in the end, the new executives weren't any better at solving the key business problems than the old ones. Finally, the CEO opened envelope #3.

    It read, "prepare 3 letters."

  4. #54

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    I wish I had the money to buy the Kodak film division. I think it would be a profitable business doing what Kodak was doing in the beginning of time that is to make, sell film, paper chemistry and to provide processing for film and optical printing. There may be not much business in film but there isn't much competition either.

  5. #55

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    Any way I had a good chunk of my savings invested in Kodak and now I lost everything but Perez is expecting to get his bonus for losing my money. Wow.

  6. #56

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    Personally I don't think the Kodak name has any value at all. As it is, most people have no idea that film even exists any more. Second, the Kodak name represents third rate crap cameras and printers. Why does anyone think they are bankrupt in the first place? Their crap didn't sell.

    But I do love their film and paper products. It would be a crying shame to lose what is left of them.

    I have optimistic hope that the film and paper business will survive and it makes no difference whatsoever what the name is. (as long as it isn't Blix).
    - Bill Lynch

  7. #57
    Europan's Avatar
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    George Eastman got his ass saved several times by people he treated shabbily. One can say it was different times in the Belle Epoque. EKC later heavily depended on Bell & Howell Co. The latter was a behind-coulisses floatation with an anonymous co-owning. 35-mm., the 16-mm., Double-8, and Super-8 projects were basically developed in Chicago. Super-8 is said to have been Kodak’s biggest single business. Since chemical film now slips into the past EKC has no chance in the long term unless they manage to be productive on a small scale.

  8. #58
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    Quote Originally Posted by benveniste View Post
    Once upon a time a CEO of an underperforming corporation was ousted. Since he had a nice golden parachute, he decided to give his successor some good advice.
    "In the top right hand desk drawer," he said, "you'll find three numbered envelopes." When you find yourself in a crisis, open the lowest numbered envelope and follow the advice inside."

    The new CEO put on their best phony smile and bade the old CEO farewell. 6 months later the company was still underperforming and the board of directors was not happy. In desperation the new CEO opened the envelope #1. "Blame your predecessor," it read.

    This proved to be good advice, and the board, shareholders and business press seemed content to wait for a turnaround. Unfortunately, things didn't get better, so 9 months later the CEO opened envelope #2. "Reorganize," it read.

    This again quieted the critics for a while, but in the end, the new executives weren't any better at solving the key business problems than the old ones. Finally, the CEO opened envelope #3.

    It read, "prepare 3 letters."
    The way I heard this was envelope 3 said " change the name of the company.
    Ben

  9. #59
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    i think getting rid of their core industry was the best move they made !
    zombies don't need much of a brain.
    Last edited by jnanian; 07-15-2012 at 07:15 AM. Click to view previous post history.

  10. #60
    Diapositivo's Avatar
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    Quote Originally Posted by Photo Engineer View Post
    The company will now have three separate operating groups -- a consumer group, a digital printing and enterprise group and a graphics, entertainment and commercial film group.
    One thing I don't get: are film products all concentrated in one division?

    It could be that consumer film and one-use cameras are in the "consumer group" division, and commercial (professional) film, motion picture film and chemistry for development are in the "commercial film group". Photographic paper (for optical printing) could be in both.

    Maybe the divisions reflect distribution segments (groceries and general surfaces on one hand, commercial laboratories and professional users on the other hand).
    Fabrizio Ruggeri fine art photography site: http://fabrizio-ruggeri.artistwebsites.com
    Stock images at Imagebroker: http://www.imagebroker.com/#/search/ib_fbr



 

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