Skip to main content

Kodak announces it's getting out of the camera-making business



After making and selling cameras for over 120 years, the Eastman Kodak Company announced yesterday that it plans to stop producing its "dedicated capture devices" - in other words, its digital cameras, pocket video cameras, and digital picture frames. The company plans on phasing out the products throughout the first half of this year. This news doesn't come as a surprise, as Kodak filed for Chapter 11 bankruptcy protection just last month, at which time it announced that it would be undergoing a "reorganization" in order to focus on its most valuable business lines.
Those lines, it turns out, will mainly include its retail photo-processing kiosks, digital dry lab systems, and consumer inkjet printers. The company will also be focusing on its online photo-sharing and -processing services, its camera accessories and batteries, and its products for traditional film-based photography, including photographic paper and processing equipment.
In its announcement yesterday, Kodak noted that the increasing quality of smartphone cameras was creating less of a demand for stand-alone image capture devices.
The company expects to pay approximately US$30 million in separation benefits for employees displaced by the decision, but it also predicts that the change will result in annual operating savings of over $100 million. There is no word on exactly what number of people are expected to lose their jobs.
Warranties on existing Kodak cameras will still be honored, and technical support and service will continue to be provided for them.

Comments

Popular posts from this blog

10 URLs to Find Out What Google Knows About You

Google is much more than just a search giant. It is also home to many of your favorite products: Gmail, YouTube, and Chrome, just to name a few. Apart from that, it also offers many products to help you  keep track of your data . Most of these are  hidden deep  inside the My Account dashboard, which many users don’t really know of. These hidden tools  may reveal interesting details  about your usage of Google’s many services. We’ve compiled a list of important Google URLs of some  hidden tools  that carry information of what you did with Google, mostly from the searches that you have made on their many products, the voice searches and typed out Google searches that you have made. Are you ready to  find out what how Google knows about you ? 1.  Google Dashboard Google Dashboard offers  transparency and control over the personal data stored with your Google Account. You can  view  and  manage the data gener...

Wind Turbines

The Bahrain World Trade Center is the first skyscraper to have wind turbines integrated into the structure of the building.Three large wind turbines are suspended between two office towers. The towers are aerodynamically tapered to funnel wind and draw air into the turbines. This airfoil tapering allows the wind to enter the turbines at a perpendicular angle and increases air speed as much as 30 percent in each of the 95 ft wide turbine rotors. The turbines supply about 15 percent of the electricity used by the skyscraper - approximately the same amount of electricity used by 300 homes. Source: www.norwin.dk

Edible water balloons that could get rid of the need for plastic bottles

In case you didn’t know, bottled water is destroying the planet. We know that we need to be drinking plenty of water. It’s important. But the plastic bottles they’re sold in are terrible for the environment. One solution is using reusable bottles that you can fill from any nearby taps instead of buying a new bottle each time. Another solution is much more exciting. A group of engineers from Skipping Rocks Lab have developed a wonderful thing called The Ooho!. It’s a globe filled water that you can pop in your mouth whole. The outer shell is made of algae, so it’s edible and biodegradable. Meaning there’s no need for packaging or plastic – the globes of water are self-contained and ready to consume. Exciting, right? Plus they’re wobbly and they look cool, which is always a bonus. The team have now created a crowdfunding page to make their creation available to the public, with goals of selling The Ooho! at festival and marathons within the next 12 m...