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January 5, 2012 01:45 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/q0PvMhidsWU/
Kodak Reportedly Preparing For Bankruptcy Auction Of Patents
Poor Kodak. At this point, they're just along for the ride. The last few years have been rough on them, and they've made a few big decisions that haven't panned out. I must admit that while my unsolicited advice to them was sound, it probably would have to have been put in place a decade ago for them to have avoided the current state of things. As it is, the WSJ has word that they are planning to file Chapter 11 and do a court-supervised auction of their many digital imaging patents.It's sad, but the truth is that while Kodak is very much still a valuable company, it's simply not a viable business any more. Their efforts to change the business they're in came too late — and now they're in the business of going under.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/q0PvMhidsWU/
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