The attempt to sell its assets (intangible or not) have been failed. Kodak might file for bankruptcy in coming weeks, very shortly, Wall Street Journal reports!
http://online.wsj.com/article/SB10001424052970203471004577140841495542810.html
http://blogs.wsj.com/marketbeat/2012/01/04/eastman-kodak-shares-hammered-on-bankruptcy-report/
Via Yahoo News
Oh, well.. It's quite sad after all. But the bad management of the company in the past ten years must be blamed, for their poor insight and market insensitivity and thus all the very wrong marketing decisions that had been made.
Previous Stories:-
Kodak has Sold its Image Sensor Business
Kodak on Verge of Bankruptcy?
Thursday, January 05, 2012
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Simon · 690 weeks ago
RiceHigh 110p · 690 weeks ago
robert · 690 weeks ago
old companies had promised medical benefits to their retirement employees for life., Down size the company and have costs of medical insurance go up by a factor of 5 or 10 and it becomes a load that the company cannot support. Many of these companies also had
defined benefit pension obligations which were underfunded or became underfunded as a result of the stock market declines of the last few years. A chapter 11 provides a way to walk away from legacy liabilities, and there are any 'on going' operations that are making money no matter how small, they can be salvaged.