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After two decades of abysmal FAIL, Eastman Kodak files for Chapter 11. Chapter 12: Woulda, Coulda, Shoulda invested in digital media
(
money.cnn.com
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Fireproof
2012-01-19 10:11:34 AM
Uh, don't they have a line of digital cameras?
/Not good ones, mind you
ha-ha-guy
2012-01-19 10:12:02 AM
If only they'd had the foresight to purchase legislation banning digital cameras and the .JPEG format.
Feyfolken
2012-01-19 10:12:47 AM
I believe they were also trying to get into computer printers, although that was already very competitive before they showed up.
Adolf Oliver Nipples
2012-01-19 10:13:41 AM
ha-ha-guy
:
If only they'd had the foresight to purchase legislation banning digital cameras and the .JPEG format.
Timely. +1
that was my nickname in highschool
2012-01-19 10:14:38 AM
And now they're a patent troll. Welcome to the New America.
/patent lawyer
//but lucky to represent clients that still make shiat
styckx
2012-01-19 10:15:42 AM
I'm shocked, shocked that a company who made cheap ass plastic camera body cameras with awful performance and image quality is going bankrupt.
Seriously, their cameras were farking awful, even in their `high end' range.. Their selling point was always "BUT BUT BUT BUT IT HAS A LEICA LENSE!!!!!!"..
honk
2012-01-19 10:16:51 AM
ha-ha-guy
:
If only they'd had the foresight to purchase legislation banning digital cameras and the .JPEG format.
No foolin'. As I understand it, Kodak fought digital tooth and nail, because they didn't want to kill their film processing and sales cash cow. Smart.
Adapt or die,
RIAA
Kodak.
Super Chronic
2012-01-19 10:17:16 AM
Fireproof
:
Uh, don't they have a line of digital cameras?
/Not good ones, mind you
My first digital camera was a Kodak, probably about 13 or 14 years ago. I used it for maybe a month before I realized I had to get a decent digital camera.
echinuts
2012-01-19 10:17:19 AM
I worked for them for 5 years(minus 1 week). I was downsized(*). Not surprised by this one bit. Actually, I am surprised that it took this long.
* why yes, I will be getting a kick out of these replies
HotIgneous Intruder
2012-01-19 10:17:33 AM
The Retinette with the Schneider lens was a great little camera. Still got two of them, too.
/Kodark, RIP
//Digital, how do it work
HotIgneous Intruder
2012-01-19 10:18:26 AM
styckx
:
I'm shocked, shocked that a company who made cheap ass plastic camera body cameras with awful performance and image quality is going bankrupt.
Seriously, their cameras were farking awful, even in their `high end' range.. Their selling point was always "BUT BUT BUT BUT IT HAS A LEICA LENSE!!!!!!"..
Leica cameras have Leitz lenses.
clyph
2012-01-19 10:18:47 AM
As a photographer and a programmer, I'd be happy if .jpg died. It's a horrible, obsolete format. jpeg2000 (.jpe) is far superior.
Jon iz teh kewl
2012-01-19 10:18:47 AM
RIP KODIAK
tankjr
2012-01-19 10:20:30 AM
Fireproof
:
Uh, don't they have a line of digital cameras?
/Not good ones, mind you
Ya, they stopped selling film cameras years ago. Been all digital cameras and film in recent years.
ChrisDe
2012-01-19 10:20:48 AM
FTA: Kodak has long struggled to evolve from film and compete in the digital age,
even though it was an early pioneer of digital photography.
That's some serious fail right there.
clyph
2012-01-19 10:21:18 AM
I don't care if Kodak dies as long as someone keeps making TMax.
I Mash Grains
2012-01-19 10:21:25 AM
They should have listened to this guy when he was on Celebrity Apprentice:
bhcompy
2012-01-19 10:21:57 AM
Eastman. He comes out of the east to fight the amazing bankruptcy judge!
austin_millbarge
2012-01-19 10:23:21 AM
The buggy whip salesman shakes his head.
Derek Force
2012-01-19 10:24:21 AM
When I was in Disney hundreds of years ago (it seems), I ran out of memory on my 4MP camera.. I purchased a Kodak 250MB compact flash card in MGM for $125, so they had digital stuff long ago - overpriced by Disney of course. I did use it for years before upgrading to a new camera with SD, so managed to hopefully get my moneys worth out of it.
so glad i dont have to buy film and processing anymore.. there were vacations I brought 32 rolls of film and sometimes I still had to buy more (yes I'm a geek). then drop another $150 when i got back to develope them.
And i hardly look at photobooks anymore. Slideshow kicks ass. Took over 9000 pics last year. FSM bless digital.
tankjr
2012-01-19 10:24:42 AM
clyph
:
I don't care if Kodak dies as long as someone keeps making TMax.
Unlikely. Switch to Ilford.
chappy62
2012-01-19 10:24:46 AM
Shake it....shake it....shake it....shake it....shake it like a Chapter 11.
just_ducky
2012-01-19 10:26:03 AM
I'm kind of sad about this, because they were a huge part of my family life growing up. My mother was a photography buff, and we had Kodak rolls of film around the house all the time. The first roll of film I ever developed was Kodakhrome for a 4-H Photography project. When I was a tiny child (around 3ish), when we would go for a drive and I'd see the yellow and black signs around curves with a left or right bracket/arrow on them, I'd yell out "SMILE!" as we passed each one going through the curve. My parents finally figured out I was doing it because the signs resembled the K on the Kodak film boxes.
/CSB
rufus-t-firefly
2012-01-19 10:26:41 AM
Kodak INVENTED the digital camera in 1975.
Link
(new window)
Perfect for family vacations, hiking, etc.
Foaming
2012-01-19 10:27:45 AM
Are they going to take my Kodakchrome away?
This text is now purple
2012-01-19 10:28:22 AM
styckx
:
I'm shocked, shocked that a company who made cheap ass plastic camera body cameras with awful performance and image quality is going bankrupt.
Seriously, their cameras were farking awful, even in their `high end' range.. Their selling point was always "BUT BUT BUT BUT IT HAS A LEICA LENSE!!!!!!"..
They also made the best film in the world.
cleek
2012-01-19 10:29:14 AM
WTF?
Kodak had one of (if not the absolute) first consumer-level digital cameras on the market, and they've never stopped making them. They've been selling digicams since the early 90s (I know because I worked on the PC-side software for them, by first job out of college).
clyph
2012-01-19 10:29:22 AM
tankjr
:
Unlikely. Switch to Ilford.
Ilford makes some great B&W films, including some Tri-X replacements, but nothing exactly like TMax (AFIK).
mekki
2012-01-19 10:29:31 AM
I have a Kodak digital camera. It takes great pics but it's a pain in the neck to upload anything. The complete opposite of user friendly. I would say, "never again" but it looks like I won't have to.
Carth
2012-01-19 10:30:05 AM
cleek
:
WTF?
Kodak had one of (if not the absolute) first consumer-level digital cameras on the market, and they've never stopped making them. They've been selling digicams since the early 90s (I know because I worked on the PC-side software for them, by first job out of college).
But they've never had a really GOOD digital camera compared to Canon and Nikon. Even second tier makers like Casio and Sony are kicking their butt.
ZAZ
2012-01-19 10:30:58 AM
I used a Kodak DC 240 for several years. Not much of a camera by today's standards, but it took pictures.
From what I've read of the patents we'd be better off abolishing the patent system entirely than permitting such lawsuits to be considered non-frivolous.
WelldeadLink
2012-01-19 10:36:39 AM
This story is no longer developing.
Magic_Button
2012-01-19 10:36:53 AM
rufus-t-firefly
:
Kodak INVENTED the digital camera in 1975.
Link (new window)
Perfect for family vacations, hiking, etc.
===============================================
Came here to point that out
Also they were the first to market digital Cameras for both Pro and consumer
I remember Kodak digitals with Canon and nikon bodies -- and I think they manufactured the Apple 100
need more coffee and too lazy to look it up .
Sorry if reality clashes with some of you people's kodak makes film narrative
drake113
2012-01-19 10:38:26 AM
Really? Chapter 11? That's almost like committing suicide, Kodak.
YouPeopleAreCrazy
2012-01-19 10:39:07 AM
Carth
:
But they've never had a really GOOD digital camera compared to Canon and Nikon. Even second tier makers like Casio and Sony are kicking their butt.
Early on (starting in 1991), Kodak and Nikon were
digital partners
.
Nihilist's Guide to Reticent Entropy
2012-01-19 10:40:13 AM
It's funny how the younger guys think Kodak=old fashion film cameras. As was pointed out, they invented digital camera. They made the best film in the world. They invented developing processes that are still used today to develop digital images into prints.
They just sucked at marketing.
boobsrgood
2012-01-19 10:41:06 AM
I Mash Grains
:
They should have listened to this guy when he was on Celebrity Apprentice:
[img2-3.timeinc.net image 300x400]
Why? Did he tell them to clean their room and do their homework?
mks113
2012-01-19 10:41:38 AM
Just pulled my
DC-50
camera from the desk drawer. Over $1000 in 1996, took lots of pics for us. A whole lot cheaper than the Polaroids we'd been using to take pics of equipment in the field.
We splurged and got the 10 MB memory card. Did you really need more than 4MB?
madgonad
2012-01-19 10:41:50 AM
Subby
is retarded.
Not only did Kodak INVENT the digital camera, they were first with almost everything. They still own a huge swath of patents and IP relating to digital photography. My first two digital cameras in the 90s were Kodaks
The reason Kodak is strugling is because their film empire didn't translate well with digital. Previously, the consumer bought a camera from some other company, but bought film and did developing with Kodak materials. Not only did the need for film disappear, but prints have gone into a massive decline as well. People keep their photos electronically.
They aren't the only ones hurting in the industry either. Margins are slim everywhere. Even titans like Canon and Nikon are hurting, and they have spendy lenses to help prop them up. Minolta got rescued/bought by Sony. Pentax is on lifesupport. Olympus has corporate problems.The rapid commoditization of the market have been tough all around.
However, the clear winner is the consumer. The tools available now at such prices are astounding. Kodak is worth a fortune in IP alone. The company just isn't designed around making consumer gadgets, which is what the industry has evolved into. They really should have merged with Canon or Nikon about 5 years ago.
capt.hollister
2012-01-19 10:42:13 AM
tankjr
:
clyph: I don't care if Kodak dies as long as someone keeps making TMax.
Unlikely. Switch to Ilford.
As a photographer, I see no reason to work in anything but digital. Yes, some people still prefer film, Tmax in particular, for shooting b&w, but I always thought this is like professional musicians clinging to the supposed superiority of ancient instruments.
There is nothing magical about film. When 35mm was introduced there were those who claimed glass plates were so much better and clung to their old technology. This is what I believe people who claim to prefer film are doing. Technology marches on and makes what came before obsolete.
YouPeopleAreCrazy
2012-01-19 10:42:23 AM
Right out of high school, used to work night security at
George's house
, which is now a museum. So I'm not really getting a kick out of this.
Boxcutta
2012-01-19 10:43:00 AM
Chapter 11, Chapter 12...whatever it takes.
She comes in colors everywhere
2012-01-19 10:44:57 AM
Yesterday I spent a stupid amount of time trying to set up a KODAK printer on a friend's computer. You know, the sort of thing that should be just plug and play in this day and age?
So, I can say say that they do have some digital media products.
Also, that they suck.
natazha
2012-01-19 10:47:17 AM
Fireproof
:
Uh, don't they have a line of digital cameras?
/Not good ones, mind you
Oh yeah! Mine failed while under warranty and they refused to fix it. Said the part broke because of user error. A part deep inside the camera's view finder, under complete control of the computer!
Le Bomb Suprize
2012-01-19 10:50:00 AM
Nihilist's Guide to Reticent Entropy
:
It's funny how the younger guys think Kodak=old fashion film cameras. As was pointed out, they invented digital camera. They made the best film in the world. They invented developing processes that are still used today to develop digital images into prints.
They just sucked at marketing.
I wouldn't say they sucked at marketing. I'd say they either had no long term business plan or the people responsible for looking 5-10-20 years down the road and projecting where the market would be and how to remain competitive just sucked.
SueDisco
2012-01-19 10:51:17 AM
As a former Rochestarian, this makes me sad. Even though I never had a parent that worked for Kodak, at one point 80% of my classmates did. It was SUCH a company town. Rust belt for the fail.
Flakeloaf
2012-01-19 10:51:32 AM
bhcompy
:
Eastman. He comes out of the east to fight the amazing bankruptcy judge!
Great. Now where am I going to get an interocitor for my disc camera?
joeflood
2012-01-19 10:52:05 AM
ha-ha-guy
:
If only they'd had the foresight to purchase legislation banning digital cameras and the .JPEG format.
You mean like all those patent suits they have their fingers in?
/still shoots film
//TMX and TMY, FTW
UtileDysfunktion
2012-01-19 10:53:30 AM
Fireproof
:
Uh, don't they have a line of digital cameras?
/Not good ones, mind you
Got one of their clunky DX3500 digital cameras right here on my desk. Takes good enough pictures for documentation purposes, but the best part is: it doesn't walk 'cause nobody wants it.
GrouchyMentat
2012-01-19 10:54:29 AM
Kodak also makes the CCD chips for a lot (most?) of the high-end astronomy imagers. These are NOT the CMOS sensors they plunk into the Canon Rebel you bought at Target.
SBIG
(new window)
They may suck at the consumer-level stuff, but don't count them out just yet.
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