Does anyone know if selling the film division to their pension plan is good news? It sounds like good news...
Time will tell if it is a good idea or not. It could be that there is no good idea that will reverse fortunes.
A lot depends on the decisions made, and the resources used to support those decisions.
Hopefully, a year from now, we will all be discussing the day that film "turned the corner".
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I hope Kodak can keep it up.
The first sentence of the article credits the profit to a sale of its digital imaging patents. I know that in the business world this a perfectly acceptable way of reporting financial information. But to a simpleton like me, this is akin to a traveling salesman selling his car then saying that he made money that month.
Recovery takes place a piece at a time.