Kodak's Cash Fell 21% In Latest Month...

Kodak's Cash Fell 21% In Latest Monthly Report

There are 25 comments on the WHAM-AM Rochester story from Oct 1, 2012, titled Kodak's Cash Fell 21% In Latest Monthly Report. In it, WHAM-AM Rochester reports that:

Eastman Kodak said cash on the balance sheet for the companies in Chapter 11 declined by $92.4 million in August.

Join the discussion below, or Read more at WHAM-AM Rochester.

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Ken Notzwim

United States

#1 Oct 1, 2012
Isn't 21% of nothing still nothing?
Joash Norman

Nairobi, Kenya

#2 Oct 2, 2012
Embracing on the ideologies of rational thinking perspective (RTP) is considered one of the major mistakes made by Eastman Kodak Company. Proponents of this standpoint advance a rigid application of problem solving characterized by use of rigorous and highly structured methods (Gersick, 1991). This mechanism has limitations in creativity, originality and is considered inflexible. Since 1990 the company is reported to have heavily relied on this approach in developing further strategies.

http://www.highqualitypapers.net/2012/09/the-...
Bennie

Penfield, NY

#4 Oct 3, 2012
The printing business is dead.

They should have found a new technology to pursue years ago. It's a waiting game for their last day... when Perez flys off into the sunset with millions.

I wonder if they're still guarding his house in Pittsford?
Bennie

Penfield, NY

#6 Oct 5, 2012
Sally wrote:
<quoted text>
You have to wonder when the bank will take them over and sell the assets?
EK headquarters will be condos within three years. The employees know there is no chance, the lenders now know it... but Perez keeps the smoke machine running.

Hey, recruit Meg Whitman. She's doing a great job at HP. Oh, hang on, never mind. I've been told she is laying off another 10,000 employees and reporting depressed earnings.

There should be a thread for "What month will Kodak shutdown?". Seriously, we all know that it is inevitable.
Bennie

Penfield, NY

#8 Oct 7, 2012
Bmitts99 wrote:
I say in the 2nd quarter of 2013 Kodak will close down.
I say you're right. The can't possibly last longer than that.

The will announce their usually BS about how they are "turning the corner" and "looking at a lower net loss this quarter"... but its over. The should just say "Yeah, we're toast", turn off the lights and end the agony for thousands of employees.
Electrosystems

North Hollywood, CA

#9 Oct 7, 2012
They need new technology to recover from bankruptcy that's the bottom line.
Steel City Steelers

United States

#10 Oct 7, 2012
What's left? Roughly $490 mil? At this pace, 6 months left. That makes it Feb, since this report was from August. I predict Q1.
PerezBigCrook

Los Angeles, CA

#11 Oct 7, 2012
It is sooner than you think. My bet end of October. The creditors , especially Citi, will pull the plug anytime now. The more they wait the less money they can recover. Unless the Citi guys are too stupid and yet believe one of the biggest con men in corporate America Antonio Perez.
Bennie

Penfield, NY

#12 Oct 7, 2012
PerezBigCrook wrote:
It is sooner than you think. My bet end of October. The creditors , especially Citi, will pull the plug anytime now. The more they wait the less money they can recover. Unless the Citi guys are too stupid and yet believe one of the biggest con men in corporate America Antonio Perez.
I agree. The burn rate on their loan is staggering... it can't be much longer.

The emperor has no clothes.
Leon DSilva

Dubai, UAE

#13 Oct 21, 2012
Just one simple question , what are the major shareholders for all these years doing ? Why are they keeping quiet for all the false promises of this joker and his circus mob?please let me know.
June Gilbunee

United States

#15 Oct 22, 2012
Kuper wrote:
<quoted text>
This is America 2012. Sheeple say nothing. Stockholders, employees, retirees and news media do nothing about Kodak. No protest and no picketing. America is on the verge of Financial collapse as well. Sheeple know nothing and say nothing. Many get a government check and do not care. They think it will not effect them in a few years. Antonio is making out like a bandit.
Perez will leave within 2 weeks. He needs to resign before the cash dries up, so he can fully cash in his chips. Major announcement coming.
Country Boy

Batavia, NY

#16 Oct 22, 2012
Kodak is a ship without a rudder. It is circling aimlessly soon to be sucked down the toilet of the business World. Not much chance of recovery when you do not have anything in the pipe line.
blackadder

Preston, UK

#17 Oct 22, 2012
Leon DSilva wrote:
Just one simple question , what are the major shareholders for all these years doing ? Why are they keeping quiet for all the false promises of this joker and his circus mob?please let me know.
Maybe someone should write this Kodak disaster and conspiracy into a Hollywood movie ...... No one would believe the story line though
blackadder

Preston, UK

#18 Oct 22, 2012
June Gilbunee wrote:
<quoted text>Perez will leave within 2 weeks. He needs to resign before the cash dries up, so he can fully cash in his chips. Major announcement coming.
Perez sold the bulk of his shares years ago he's not that stupid
tom

Johnstown, NY

#19 Oct 23, 2012
Guess I am a little confused. Perez states they will be out of bankrupacy in first quarter 2013 BUT he states to the judge he needs mid quarter to put a business plan together. He then tells the judge tahe company has $5.3 billion in assets. The auction markey placed the value at less then$400 million for $3 billion of the $5.3. What is the REAL maket value of the $5.3M less than $800M. Where is the judge???? Is he protecting tahe investors or vctioning in Portugal?
George Eastland

Brooklyn, NY

#21 Oct 26, 2012
You guys are all too negative. Kodak won't shut down before next May!
rudolf rednose

UK

#22 Oct 31, 2012
hey what the hell, who needs them, kodak is a spent
force, maybe they will make a movie, a horror movie.
my expereince on kodak in europe is one of fear, they had also bad bad management with no manners and a real arrogance, especially the israel guys, they thought that in coporate kodak they could use the bully boy tactics of ex-scitex.....they got rid or made the best people in the business leave...thats progress.....
Free Agent

Gastonia, NC

#23 Oct 31, 2012
It was the plan of the Board to drive Kodak into bankruptcy when they reallized that the film business was drying up. Kodak , even though they had other business interests, always was foremost a film company. Kind of like Goodyear not being able to sell tires. Where the hell do you go?

So they get a CEO with an insane plan to turn the company into a print business, even though the print business is in decline also. They sell off every profitable interest to keep the unprofitable print business floating, all along driving the company knowingly toward the liquidation cliff.

The company will have to go to liquidation. No business person worth two cents would believe the crazy scheme of reinventing Kodak. Film is dead.
Kodak died with it.
blackadder

Preston, UK

#24 Nov 4, 2012
Control Tower wrote:
<quoted text>Antonio will walk away with bags of cash form all his BS while the retirees,employees, bond holders, stock holder and creditors get screwed. Kodak will never emerge form bankruptcy. Soon the market value will be 0.
Perez has lost 3 billion dollars in 5 years
Is this a record or a crime ?
ExEKC Germ

Germany

#25 Nov 5, 2012
Dunno what to expect the next few months, but everything we hear is "we r still great, we r the best and so on" - blablabla....

Unfortunately more and more people are leaving !?

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