In reading business news over the last few months, Kodak filling sounded inevitable, especially as they continued to deny they were in such serious trouble. I'm surprised there isn't more mention today of this on the forums I look at. This is on the photo.net Classic forum, with a link to a good article in the Economist:
http://photo.net/classic-cameras-forum/00ZtSF I don't have a good feeling for the survival of Kodak film. Of course it could be spun off and purchased by another company or private equity firm, but I wonder from a business standpoint if there is enough profit potential for that to happen. Maybe China will buy the name and machinery, but will they ever put out a quality product, or just a cheap one? I feel bad for the Kodak employees who very well may lose their pensions. It is my understanding Chapter 11 can allow a corporation to walk away from pension obligations, although maybe it doesn't always turn out that way. If all Kodak film goes the way of Kodachrome it may make Fuji and Ilford stronger.
Len
