Kodak Bankruptcy? Very sad...

[Hamlet]

I don't know that that is entirely true. They moved into the digital age, but the digital age doesn't have monopoly pricing power in this area. Everything is extremely cheap, and getting cheaper.

No one is making billions in consumer digital technology. The benefits are going to the consumer, not the producers.

Quote:

Originally Posted by FinanceDude Kodak refused to innovate, and clung to the film business. The next firm on the chopping block is RIMM.............

[mf15]

Very sad indeed. Another case of gross managerial incompetence contributinng to the demise of American industry.
Old Mike

[RockyMtn]

Innovate or become irrelevant. I agree that RIMM is on the chopping block and likely to go the way of PALM. I'd also throw most newpapers and book stores into the same pot!

[Hamlet]

I fail to see a real successful path Kodak could have taken. Ultimately they had a huge business in place around an industry that essentially disappeared.

They did see it coming, and tried to diversify, but it is very difficult to do that successfully. When your existing business is huge and incredibly high margin, it's very hard to replicate that in a different business.

Quote:

Originally Posted by mf15 Very sad indeed. Another case of gross managerial incompetence contributinng to the demise of American industry. Old Mike