The Wall Street Journal , citing knowledgeable sources, is
reporting that photography giant Eastman
Kodak is prepared to file for bankruptcy should it fail in efforts to to sell
its sizeable portfolio of digital patents. According to the Journal's sources,
Kodak is seeking approximately $1 billion...
Eastman Kodak filed for Chapter 11 bankruptcy protection Thursday morning in
the Southern District of New York. The company intends to continue business operations
during the restructuring, and the company has secured $950 million in financing
from Citigroup. Kodak has also hired...
Eastman Kodak Company's bankruptcy is another in a string
of recent chapter 11 filings by established brand names that lack a clear exit
strategy (others are Borders ,
... Europe !).
So much for the " end
of bankruptcy "!
As noted in Matt Daneman's article...