Friday, January 06, 2012

Kodak Bankruptcy Rumors

You've probably all seen these by now. Basically, here's the way we understand it: Kodak is attempting to sell an imaging-related patent portfolio that is reportedly worth $2-3 billion. If it can execute this sale successfully, it could potentially avoid bankruptcy. But, there seems to be some discrepancy about whether or not Kodak can execute this sale without filing for bankruptcy first, due to potential creditor claims on the portfolio.

How this is going to affect the document imaging business is unclear. When we spoke with Kodak VP Dolores Kruchten last October, after the Kodak bankruptcy rumors first surfaced, she denied that Kodak as considering bankruptcy. She also insisted that the document imaging business was profitable and that Kodak would do absolutely nothing to hurt a profitable area of operation.

From what we've read, Kodak would hope to emerge from bankruptcy as a printer-focused business, and with a former HP exec running the show, that makes sense. Of course, from our standpoint, printing is inexorably tied to document imaging, so it would make sense for Kodak to retain that part of its business as well.

That's about all we know for now. Stay tuned.


Rahul said...

I am really sad to hear and read about Kodak which I like it from childhood days film camera even photograph on Kodak paper colour etc. How a company unless keeps pace with the change can perish Kodak is the example . It is a lesson for all.

C. Marshall said...

I'd hate to see Kodak go into bankruptcy, but it's completely understandable in this day and age and this economy. Let's hope that if they do sell the imaging tech, someone will put it to good use.

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DIReditor said...

While I appreciated the anonymous commentator's support of a competitive brand of scanners, we don't really need to hate on Kodak. From resellers and end users I've talked to, they have pretty good product as well.

jay paul said...

Nice post! Can’t wait for the next one. Keep stuff like this coming.

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