As I had mentioned a few weeks ago, there was a strong rumor that Kodak is going to submit to the rules of bankruptcy protection. Well, the rumor has come true and now reported in various media that Kodak has effectively subject to those rules.
Although bound by these rules of bankruptcy does not mean the end of a company, everything makes it seem that maybe Kodak is totally dismembered proceeding to sell its main asset is its more than a thousand patents in digital topics.
A little over a year Kodak shares were trading in the stock market at an average of U.S. $ 5.00 U.S. dollars per share and closed Wednesday at U.S. $ 0.55 cents. As further reports MSNBC, Had been at his best Kodak more than 60,000 employees, today has just 7,000. It’s really a shame that this company who accompanied us with his famous slogan “kodak moment” now is almost inevitably doomed.
Kodak CEO, Antonio M. Perez said in a statement on the decision stated that:
The board and the entire senior management team, unanimously believe that this is a necessary and proper for the future of Kodak. “The board of directors and the senior management team unanimously Entire believe That this is a NECESSARY step and the right thing to do for the future of Kodak, ”
Kodak was trying to reinvent itself by focusing on the line printer but unfortunately the results never reached the success he had in the business of selling films for cameras.
Kodak’s story is a clear lesson that teaches us the need for any business idea is always constantly reinventing and adapting to the changing world and technology.