Kodak RIP

Kodak was ubiquitous when I was growing up. While I never owned a Kodak camera, I purchased miles of Kodak film, both color and black-and-white, as well as developing chemicals and printing paper. When Fujichrome first appeared, I tried it, but the pictures always turned out with a green-blue cast. Kodachrome and Ektachrome ruled.

The company was prosperous back in the day. I had an uncle who worked at Eastman in Rochester NY, and Kingsport schools were some of the best in Tennessee because Eastman had a plant there. But now things look grim:

“Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company wrote in a regulatory filing. “These conditions raise substantial doubt about Kodak's ability to continue as a going concern.”

Eastman Kodak was unable to adapt to digital photography. Another American icon seems about to disappear.

https://finance.yahoo.com/news/kodak-cautions-theres-substantial-doubt-134355629.html

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