I heard that Kodak will go bankrupt soon

Kodak - Kodak will go bankrupt soon
@youless (112100)
Guangzhou, China
January 10, 2012 10:16pm CST
It is sad to see that Kodak will go bankrupt soon. It was one of the most important and leading companies in the photography field. I read the news and it says that this company will apply for the bankrupt in the coming days. Sighing...
2 people like this
7 responses
veganbliss
@veganbliss (3895)
• Adelaide, Australia
11 Jan 12
Yes, I heard about this. They were way too slow to embrace digital technology & every other company quickly overtook them in that area. Costly court cases with polaroid added to the mess. If you don't adapt to the changing market, consumers will leave you in droves.
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
You are right. So any big companies can lose if they don't adjust to the needs.
veganbliss
@veganbliss (3895)
• Adelaide, Australia
11 Jan 12
Yes, big isn't necessarily better... just more overheads & more things to go wrong. Small companies are not immune either, being limited in the means that are available to them. Not just another "Kodak Moment"! We'll need to find another expression now.
1 person likes this
adhyz82
@adhyz82 (36249)
• Indonesia
11 Jan 12
thats bad..kodak is famous brand in photography industry.. is it crisis??
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
I don't know. But the digital camera business has a negative effect on the traditional photography field.
1 person likes this
adhyz82
@adhyz82 (36249)
• Indonesia
11 Jan 12
is it latest news?? wow..kodak is famous brand if we are talking about photography industry.. it`s bad news and sign that maybe the world economics is in crisis
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
This is what I learned via the net.
yspmyl
@yspmyl (3435)
• Malaysia
11 Jan 12
This really shows that the world economy is really bad, even a old company like Kodak can go bankrupt. I believe more there are more company will follow this step. Life is going to tougher!
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
But today fewer people use the camera with film, and it has a big negative effect on Kodak.
yspmyl
@yspmyl (3435)
• Malaysia
11 Jan 12
Kodak's digital cameras - Kodak digital camera
No, kodak also produced quite a number of digital cameras which are quite good in quality. I myself have got one that I am find it really good and can produce good quality photos.
CTHanum
@CTHanum (8234)
• Malaysia
11 Jan 12
Oh really??? I have never heard of this sad news~ The word 'Kodak' is very common in our life. In fact we always called 'Kodak' referring to the film negative whenever I want to buy it. But since we don't use film anymore in photography..
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
I am surprised that you haven't heard it as it is already not the latest news.
CTHanum
@CTHanum (8234)
• Malaysia
11 Jan 12
Yeah, I did not know about it on tv news nor newspaper. Perhaps I missed that headline.(^^)
1 person likes this
Mashnn
@Mashnn (4501)
•
11 Jan 12
With the advancement of technology and cheap cameras around, nowadays is easy to do everything at the comfort of your home. Kodak is just one of the victim of so much advancement in technology, others will follow soon.
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
Yes, it is a sad fact.
Patsie Hatley
@Hatley (163781)
• Garden Grove, California
11 Jan 12
hi youless wow that is most upsetting as they are an old company and one of the first in photography. I hope maybe they can pull out of this someway and still be a company, but maybe not. our economy is really bad here in the US when big companies are going] bankrupt like that.I had not yet heard that news and it is sort of shocking as they are an old respected company here in the US.
1 person likes this
youless
@youless (112100)
• Guangzhou, China
11 Jan 12
It will have an effect all over the world.