Photo 9 Feb 176 notes reuters: Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs. The move marks the end of an era for Kodak, which is seen as one of the biggest corporate casualties of the digital age, after it failed to quickly embrace modern technologies such as digital photography, a product that it also invented. The company, which filed for bankruptcy protection last month, said on Thursday that it will take a charge of about $30 million for the business exit, which it expects to generate annual operating savings of more than $100 million. Read more: Kodak to stop making cameras to cut costs

reuters:

Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.

The move marks the end of an era for Kodak, which is seen as one of the biggest corporate casualties of the digital age, after it failed to quickly embrace modern technologies such as digital photography, a product that it also invented.

The company, which filed for bankruptcy protection last month, said on Thursday that it will take a charge of about $30 million for the business exit, which it expects to generate annual operating savings of more than $100 million.

Read more: Kodak to stop making cameras to cut costs

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    Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video...
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    This is sad news. - Waterman12053
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    good lead because it...real news. It’s relevant to my life
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    END OF THE WORLD!
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