Kodak Has - No Intention' of Ch. 11 F...

Kodak Has - No Intention' of Ch. 11 Filing as Company Said to Weigh Options

There are 1 comment on the Bloomberg story from Sep 30, 2011, titled Kodak Has - No Intention' of Ch. 11 Filing as Company Said to Weigh Options. In it, Bloomberg reports that:

Eastman Kodak Co., the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process.

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George Eastland

Fairport, NY

#1 Sep 30, 2011
Wait a minute! I thought Perez just said that their transition was on track to become profitable in 2012 a few weeks ago??? What happened?

Is this latest news something that blindsided him or is it that he doesn't know what is going on?

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