Quote Originally Posted by FrankB View Post
Ilford operated at a loss before and it drove them into the ground. I for one am not going to criticise their current business model while the product quality is high and the company's future is secure.

A direct, on-the-record quote from Ilford, just after the management buy-out succeeded, concerning their strategy before bankruptcy:

"We bet the farm on digital, and we very nearly won."

This is of course a reference to the way they treated silver as a cash cow to fund inkjet paper development. Understandably, they never gave me the exact figures, but equally, they didn't argue when I suggested (under the old regime) that silver provided 120-150 per cent of their profits.