Sunday, January 22, 2012

Kodak Bankruptcy Press Release

Here's a link to the official press release from Kodak on its Chapter 11 filing, which was announced last week. (The highlights were made by me when I was working my story, which appears in this week's Premium edition of DIR.) Important to note that this is a Chapter 11 filing, which means Kodak is attempting to reorganize to the satisfaction of the entities it owes money to.

As far as the Document Imaging business goes, the way we understand it, DI is considered a valuable asset and Kodak will not do anything to harm one of its more profitable business units - because that would of course harm the long-term viability of the company. And even though Kodak is being presented as a printing company going forward, DI is reportedly a "major pillar" of its reworked enterprise solutions focus.