This is the sentence in the article that seems most significant to me,
"The digital world brings tougher rivals, lower profits, and increased investment needs."
Even though digital is everywhere, I keep hearing that not many firms are making profits out of it. You need to find a strong niche & dominate, something that firms like Sandisk appear to be doing. I'm not seeing any indication that Kodak have found their place yet. They might still be grateful for the cash that film keeps rolling in.