Items tagged with Kodak Moment
Its products defined nearly a century of photography, cinema, and home video, but the venerable Kodak company is on the verge of bankruptcy. While the company is reportedly preparing to file a Chapter 11 bankruptcy, which permits restructuring, the firm is caught in a merciless slide. Once so synonymous with film that its products coined the phrase "Kodak moment," the Rochester, NY-based corporation lost 95 percent of its value between 1999 - 2000. Revenue for 2010 was just $7.18 billion, down from 1996's $15.97 billion. It's stock, which traded at $30-35 per share back in 2006-2007 has fallen... Read more...