The once-iconic photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going.
"The board of directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak," Chairman and Chief Executive Antonio M. Perez said in a statement. - Reuters
Posted in: 
1 comments:
The company which gave the concept of photography will cease to exist.This raises an important topic of whether technology and tradition can go hand in hand with technical innovations flying faster than the speed of light it has become difficult for even humans to keep up pace with it.No doubt a company of the caliber of Kodak has given up.I remember the old negatives and the Kodak cameras that we used to have.Some of the best memories of my life are inked in Kodak.
Post a Comment