Kodak has won court approval of a plan to exit bankruptcy. The company whose name was synonymous with cameras when I was a kid (we bought a “Kodak” whatever brand it happened to be) will not anymore make or sell cameras, film and consumer photo developing. Instead, it will focus on commercial markets: touch-screen sensor components for smartphones and computer tablets, film for the movie industry, commercial printing, packaging, functional printing and professional services.
Kodak filed for bankruptcy in January 2012; it shed off 47,000 employees since 2003, closed 13 factories that made film, paper and chemicals, and shuttered 130 photo laboratories.
Read the story at: Bloomberg.