Kodak Exiting the Consumer Printer Business

The long, sad decline of Eastman Kodak continued on Friday as the company announced it was exiting the consumer printer business.

The company, which is in the process of submitting a restructuring plan to Bankruptcy Court, will "wind down sales of consumer inkjet printers" and focus instead on selling ink to its existing install base.

"Kodak is making good progress toward emergence from Chapter 11, taking significant actions to reorganize our core ongoing businesses, reduce costs, sell assets, and streamline our organizational structure," said Antonio M. Perez, Kodak chairman and CEO, in a statement.

Perez added that halting consumer printer sales "will substantially advance t…
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