Eastman Kodak announces plans to raise capital

Photography products maker Eastman Kodak Co. says it expects to raise up to $700 million through a series of financing transactions in a bid to shore up its balance sheet.

[Bart]

Kodak is finished. They make crap cameras and copiers. The film business is just about over. Its time to close the place up and call it a day.

[Joe B]

So when are they going to sell the company jets and aircraft hangars on Scottsville Road. They are going under like GM but the toys still remain??

[Ann]

Good ole Boys Club can't survive in the new streamlined global environment.

[bob hartley]

What a wondeful day for Kodak,we can finally see some great days coming ahead of us.thanks Antonio

[bob hartley]

What a great day for Kodak we can finally see the bright future it holds.Thanks Antonio!

[Bill S]

They need the money to pay for the executive retainer bonuses.

[Patriot]

Is this just another way to bone the remaining Employees.

[keith]

More money to have more V.P.s and just to much upper level mangemement.Fire Perez,They have screwewd up and deserve to GO.

[Questions Questions]

I worked as a temp for Kodak back in the mid 80s. I could see so much wrong with the way things were run that I thought to myself that I'd be surprised if Kodak was still going strong in about 10 years or so.

I hate to be right about those things.

It wasn't even big things then either. Just the way things were done over all. So much duplication, so much waste. Money was spent on things that had nothing to do with their main product and they certainly never thought about the future.

Frankly - they deserve what they got but guess who pays the price? The employees. Gee. What a prize.

[Leo Carillo]

The pig is headed to market.....................

[euro_man]

cannot believe what happened in Kodak, i worked for Creo in Europe and then Kodak came in, my management were bad but became worse. Its almost like working in 'fear', no way to run good people or a good company....In Europe everyone is scared to say anything.....i never saw anything like it in all my life in print.....its a bullying approach and out of date.....the best people have already left the building???

[Leo Carillo]

euro_man wrote:

cannot believe what happened in Kodak, i worked for Creo in Europe and then Kodak came in, my management were bad but became worse. Its almost like working in 'fear', no way to run good people or a good company....In Europe everyone is scared to say anything.....i never saw anything like it in all my life in print.....its a bullying approach and out of date.....the best people have already left the building???

Euro Man........believe it.
Kodak has never evolved from the 1950's style of management.
That is one contributor to the demise of the company. Upper management never listened to the field people and continued to believe the internal propaganda about how great Kodak was. George Eastman was the last true innovator at Kodak. All of the rest just lived off of his innovations and market dominance. A tweak here and a tweak there to silver halide but no real innovation from inside Kodak. And as you have found out, when Kodak acquires a prominent company, they quickly inject the Kodak style of management and kill the very entity that they spent billions for. It has happend time after time and they still haven't figured it out. You still have the hope that someone will buy out the pieces of Kodak in the next year or so before complete bankruptcy consumes the remains.