Eastman Kodak, once one of America's most illustrious companies, is nearly out for the count. Trading for a dollar a share, its fortunes now rest on patent lawsuits. Here's Sinead Carew, for Reuters:
Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy.
Kodak, which delivered the first consumer camera in 1888, denied it had a bankruptcy plan, saying it was committed to meeting its obligations and is still looking for ways to "monetize" its patent portfolio.
People often suggest that there's an irony in Kodak having invented digital photography. But its real problem was a sales model based on selling cheap cameras and expensive media. So it wasn't killed by the digital camera, really. It was killed by the cheap flash memory that came with it.
Kodak denies bankruptcy plan but shares plummet [Reuters]
SOG’s $60 Sync II “wearable belt buckle” multitool isn’t the only multitool/buckle on the market, but it does add a couple very sensible innovations, like a clip-on/clip-off base that lets you use your tool without taking off your belt, and a squared-off form factor (like a pair of folding travel sewing scissors) that adapts the […]
This week on Cool Tools’ Maker Update: Kitty Grabs Gold, a beer cooler that follows you, the Circuit Playground Express, Adafruit and Microsoft, Other Machine Co. and Bre Pettis, Tinkercad Lego export, a great kit for gadget and toy hacking, and Maker Faires. Our featured Cool Tool is the iFixit Electronics Tool Kit. Check out […]
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