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January 5, 2012 01:45 am GMT

Kodak Reportedly Preparing For Bankruptcy Auction Of Patents

Kodak+Film+Pack_01Poor 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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