Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Get Recognized.
Let an ISACA® certification
enhance your career.

Register for an Exam Today
Hardware
Capitalize on the Power of Big Data
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:



Neustar, Inc. (NYSE: NSR) is a trusted, neutral provider of real-time information and analysis to the Internet, telecommunications, information services, financial services, retail, media and advertising sectors. Neustar applies its advanced, secure technologies in location, identification, and evaluation to help its customers promote and protect their businesses. More information is available at www.neustar.biz.


 Hardware
1.   IBM Earmarks $3B for Next-Gen Chips
2.   Most Networks Not Ready for IoT
3.   Gartner Sees Tablets Up, PCs Down
4.   Review: Tablets with Keyboard Covers
5.   Oracle Boosts ZS3 Storage Server Line


advertisement
IBM Earmarks $3B for Next-Gen Chips
R&D plan targets cloud and Big Data.
Average Rating:
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:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Charges: Russian Stole Data from U.S. Restaurants, Zoo
A Russian man arrested on bank fraud and other charges hacked into computers at restaurants in Washington, hundreds of other retail businesses, and even the Phoenix Zoo, authorities say.
 
Another Month, Another IE-Focused Patch Tuesday
Microsoft rolled out 59 vulnerabilities for Internet Explorer in June. But the IE-patching party is not over yet. Redmond published six new security bulletins on Tuesday; two, critical; three, important.
 
Russian Arrested in Hacking Case Filed in Seattle
The U.S. Secret Service has arrested a Russian man who is accused of hacking store computers to steal thousands of credit card numbers, charging him with bank fraud, identity theft and more.
 

Enterprise Hardware Spotlight
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.
 
Gartner Sales Study Sees Tablets Up, PCs Down but Recovering
Are PCs on the comeback trail? That depends on how you define "comeback." While tablet sales remain strong, Gartner's latest study found PC shipments aren't dropping as fast as they did last year.
 
Review: Warming Up to Tablets with Keyboard Covers
If you've ever thought tablets with keyboard covers were just a poor excuse for a laptop, think again. Nokia's Lumia 2520 comes with an optional keyboard cover that just may change your mind.
 

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 | XML/RSS Feed

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.