This year may be the last for Kodak — a company whose age exceeds 130 years. The already low value of the shares fell to a record low, and now few people doubt the imminent bankruptcy.
Position Kodak has been deteriorating for a long time - over the past 10 years, the company has lost 95% its value, with the main decline in 2011. The last fiscal quarter alone generated a loss of $222 million. The company that has done so much for the development of photographic equipment in general has failed to adapt to the digital era. The legendary brand simply had nothing to oppose to competitors. Actually Kodak is in a state of suspended animation.
The company's last hope is to sell its 1,100 patents related to the creation of digital images. According to management Kodak this should bring in 2 to 3 billion dollars. However, what can this money give? At best, prolong the agony for a few more months, because the company simply does not have any unique developments that can improve the situation. What can I say, apparently there is no, not only development, but in general any plans for the future.
It also became known that the leadership Kodak already applied to a certain legal office for advice on the conduct of the bankruptcy procedure.
