Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Neustar, Inc.
Protect your website & network
using real-time information & analysis

www.neustar.biz
Hardware
Register for a certification exam.
Average Rating:
Rate this article:  
Kodak Sees Bright Future in Imaging for Business
Kodak Sees Bright Future in Imaging for Business

By Barry Levine
September 5, 2013 8:50AM

    Bookmark and Share
As Kodak emerges from bankruptcy, analyst Laura DiDio says one of Kodak's biggest assets will be its "very well recognized and established brand, which was so well known for so long." Even after selling off many of its patents, Kodak still has an impressive portfolio of intellectual property with more than 7,500 active commercial imaging patents.
 



The photography pioneer emerged this week from bankruptcy to pursue profitability in the tech sector, with a primary focus on imaging for business. Kodak's mission now is to leverage its well-known brand-name, its growing portfolio of B2B products, and its extensive R&D experience.

Over its 130-year history, the iconic company name became so synonymous with photography that "a Kodak moment" is still another way of saying an experience is camera-worthy. But business and profitability took a turn for the worse when digital cameras began to replace traditional film and cameras.

Although Kodak produced the first digital camera, the industry shift to digital imagery took a toll, leaving the company financially challenged over the past two decades, and eventually leading Kodak to file a $6.75 billion bankruptcy in January 2012.

On Tuesday, the bankruptcy cloud was finally lifted, as a bankruptcy court in New York approved Kodak's plan for its new life. Judge Allan Gropper said in a statement that "it will be enormously valuable for the company to get out of Chapter 11 and hopefully begin to regain its position in the pantheon of American business."

Industry Leading Technology

"We have emerged as a technology company serving imaging for business markets -- including packaging, functional printing, graphic communications and professional services," said Kodak CEO Antonio Perez in a statement. "We have been revitalized by our transformation and restructured to become a formidable competitor -- leaner, with a strong capital structure, a healthy balance sheet, and the industry's best technology."

The Kodak CEO told The Wall Street Journal he is "very, very happy today," again citing the company's "great capital structure" and balance sheet.

With its key focus now on high-speed digital printing technology and packaging for consumer goods, Kodak is expected to have revenues of about $2.5 billion. While that's only about half of what it had before it entered Chapter 11, analysts agree the outlook is optimistic.

Patents, Restructuring

Over the course of the 20-month bankruptcy proceedings, Kodak sold off many patents to fellow industry titans including Apple, Amazon, BlackBerry, Facebook, Google, Microsoft, and Samsung. Unfortunately, the financial yield was substantially lower than expected. Kodak was looking for more than $2 billion for its 1,100 digital imaging patents, but was only able to generate about $525 million.

In the end, the restructuring plan worked out a pension dispute with company retirees, but wiped out its shareholders. Secured creditors and second-lien noteholders are expected be paid in full, although general unsecured creditors are only expected to receive four or five cents on the dollar. (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Hardware
1.   Schools Buy Million Chromebooks in Q2
2.   IRS: Lerner's Hard Drive Destroyed
3.   US Orders a New Cray for Nuclear Arms
4.   IBM Earmarks $3B for Next-Gen Chips
5.   PC Shipment Slump Bottoms Out


advertisement
Most Networks Not Ready for IoT
But most enterprises are prepared.
Average Rating:
Gartner Sees Tablets Up, PCs Down
But PC sales are recovering.
Average Rating:
Review: Tablets with Keyboard Covers
How do Surface and Lumia stack up?
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
34 European Banks Hit by Android-Skirting Malware
Criminals have been finding gaping holes in Android-based two-factor authentication systems that banks around the world are using. The result: 34 banks in four European countries have been hit.
 
New Web Tracking Technologies Defeat Privacy Protections
Recently developed Web tracking tools are able to circumvent even the best privacy defenses, according to a new study by researchers at Princeton and the University of Leuven in Belgium.
 
Juniper DDoS Solution Aims at High-IQ Networks
In the face of more complex attacks, Juniper Networks is boosting its DDoS Secure solution to help companies mitigate the threats with more effective security intelligence throughout the network fabric.
 

Enterprise Hardware Spotlight
Contrary to Report, Lenovo's Staying in Small Windows Tablets
Device maker Lenovo has clarified a report that indicated it is getting out of the small Windows tablet business -- as in the ThinkPad 8 and the 8-inch Miix 2. But the firm said it is not exiting that market.
 
Seagate Unveils Networked Drives for Small Businesses
Seagate is out with five new networked attached storage products aimed at small businesses. The drives are for companies with up to 50 workers, and range in capacity from two to 20 terabytes.
 
Another Day, Another Internet of Things Consortium Is Born
In the emerging Internet of Things, zillions of devices will be talking to each other. Samsung, Intel and Dell just formed a consortium to ensure each thing can understand what others are saying.
 

Mobile Technology Spotlight
Nvidia Revamps Shield as an Android Game Tablet
Going after hardcore PC gamers, Nvidia is releasing a gaming-focused tablet that works with a controller. The Shield Tablet follows the Shield Portable gaming handheld Nvidia released last year.
 
Apple Patent for Smart Watch Comes to Light
Does a new smart watch patent issued to Apple provide a preview of the expected wearable from the tech giant? Some Apple-watchers are parsing the patent for signs of the coming product.
 
Will iPhone 6 Cannibalize Apple's Tablet Sales?
Could Apple’s iPhone 6 -- it’s so-called super-size phone due to hit store shelves this fall -- come back to haunt the smartphone maker? Some observers say yes; others say preposterous.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | Small Business | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.