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Sell Kodak before itís bankrupt
Market Watch ^ | January 6,2012 | David Trainer

Posted on 01/08/2012 6:02:31 PM PST by Hojczyk

Investors who have not yet sold their holdings in EK should get out while they still can.

Management must have known about the massive gap between the company's assets and liabilities for some time, at least a year or more. Given that they have not, in this time, been able to monetize the company's patent portfolio at a level that could save the company, it is fair to assume that the court-supervised auction dictated by Chapter 11 bankruptcy will not do much better.

Instead, we can expect a fight from the company's employees for as much of the benefits promised them as possible. Given that they will likely have to accept a large hair cut on what was promised them, I doubt they will be very sympathetic to the equity holders.

In other words, EK equity holders should not expect any cash to be left over for them after the company addresses its $2.6 billion obligation to its employees and its $1.5 billion obligation to its debt holders.

Note the $2.6 billion pension deficit and the $1.5 billion debt load are based on most recent data available, the company's 2010 10-K.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: kodak

1 posted on 01/08/2012 6:02:34 PM PST by Hojczyk
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To: Hojczyk
Kodak~Bankrupt~?

I hope that wasn't a surprise to anybody.

My son sat down tonight and explained to me how we can get rid of broadcast TV, cable TV, telephone service and a variety of other things for $60 per month fiber optic internet connectivity.

2 posted on 01/08/2012 6:07:08 PM PST by muawiyah
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To: Hojczyk

Too late, I would say.


3 posted on 01/08/2012 6:10:33 PM PST by Brilliant
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To: Hojczyk

Aren’t they below a buck?

A little late, wouldn’t you say?


4 posted on 01/08/2012 6:11:04 PM PST by eddie willers
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To: muawiyah

while I’ve already done the internet and phone combination and I’m aware of movies and some shows available for free I’m unaware of how to get broadcast shows and cable viewing without paying extra subscriptions - what am I missing?


5 posted on 01/08/2012 6:11:55 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: Hojczyk
And to think that they had the patent on the digital camera...in spite of cutting off my face!
6 posted on 01/08/2012 6:12:23 PM PST by goodtomato (I'm really, really blessed! WWW.MIKEMcCALISTERFORSENATE.COM check him out!)
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To: Hojczyk

A lot of it was ultimately unavoidable.

Digital cameras can do so much of what Kodak or Polaroid used to own.

About the only service they can still offer are glossies that last 200 years and some other professional services that amateurs generally can’t do.

But the heyday of professional photography, being in the hands of the few, are certainly behind us.


7 posted on 01/08/2012 6:15:45 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: goodtomato

I bought a Kodak camera last year.

Turned it over. “Made in China”.


8 posted on 01/08/2012 6:16:37 PM PST by Cringing Negativism Network (ROMNEY / ALINSKY 2012 (sarcasm))
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To: Hojczyk

Then you could buy Netflix


9 posted on 01/08/2012 6:17:19 PM PST by Cold Heart
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To: Hojczyk
I can't back this up with fact, but I have heard that Kodak did the satellite and U-2/SR-71 camera and film work for little or nothing. If that is the case, sad to see a patriotic company in trouble.
10 posted on 01/08/2012 6:19:19 PM PST by CrazyIvan (Obama's birth certificate was found stapled to Soros's receipt.)
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To: muawiyah

Umm..would you mind sending your son over to my place tomorrow night.


11 posted on 01/08/2012 6:21:14 PM PST by Krankor ( spare time.)
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To: Hojczyk
I can't back this up with fact, but I have heard that Kodak did the satellite and U-2/SR-71 camera and film work for little or nothing. If that is the case, sad to see a patriotic company in trouble.
12 posted on 01/08/2012 6:22:26 PM PST by CrazyIvan (Obama's birth certificate was found stapled to Soros's receipt.)
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To: CrazyIvan

They made a few “things” for the military during WWII also.


13 posted on 01/08/2012 6:29:31 PM PST by BerryDingle (I know how to deal with communists, I still wear their scars on my back from Hollywood-Ronald Reagan)
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To: BerryDingle

Kodak has MORE THAN DOUBLE the number of patents that Nortel did.... and, Nortel clear nearly $5 Billion from their auction...

I’m a little intrigued by the possibility of this..

But.. I’ll wait until EK goes down to next to nothing.


14 posted on 01/08/2012 6:48:33 PM PST by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
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To: reed13k

Change your viewing habits. You’re paying a lot because you want particular shows, unwilling to watch others very much like them at much lower costs.


15 posted on 01/08/2012 6:52:34 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: Hojczyk

To Who?


16 posted on 01/08/2012 7:00:48 PM PST by Vince Ferrer
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To: reed13k
Hmm ~ broadcast TV? I think you just do without or buy an antenna.

I have a small laptop that tunes TV. We use it during stormy periods because our electricity usually goes out.

I think I could do without broadcast stations entirely, and certainly most cable stations ~ like who needs 999 channels when you can have millions.

But I think your question really was, where's this fiber optic that I can sign up with. I've got 5 of them running through my front yard. You may have one too.

http://www.buyqwest.com/?cpid=19169&cpag=local

17 posted on 01/08/2012 7:02:46 PM PST by muawiyah
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To: ctdonath2

YOU change YOUR viewing habits!


18 posted on 01/08/2012 7:05:02 PM PST by Lazamataz (Romney is the Pale Obama. That's all.)
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To: Hojczyk

Kodak - A shame!

I remember in the seventies and early eighties that I would buy their stock in the low forties, and sell in their mid sixties, then buy again, as that was their range for a decade. Did that cycle a few times and made a few quid!, all while I bought Etchrachrome slide film, to feed my SLR.

We all have to hate the demise of an innovative company that has so been unable to transform itself into today’s market. Recently Kodak was profiting from the print paper revenues after the film business dried up; but then lost that market due to low cost innovators in that sector.

Printers?? Compete with hundreds of others! Not!

Now, Kodak, it’s time for your dignity to call an end to your era, pay off your obligations, and be remmbered as one of the gold luster US companies for a century!


19 posted on 01/08/2012 7:13:11 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: muawiyah

The $60 will do what he told you, and it is a very good deal...But it isn’t on a completely fiber (ethernet) system unless you live in Knoxville or Houston.

The cable and telcos all have legacy coax and twisted pair technology mixed in with fiber in their networks, which greatly reduces the speed and reliability in relation to an all fiber network. One test for determining whether someone is offering you an all fiber network is if the upload and download speeds are the same.

Speed on an ethernet system is also blazing fast - you can get up to 1 gig in Knoxville and up to 10 gigs in Houston.


20 posted on 01/08/2012 7:19:45 PM PST by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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21 posted on 01/08/2012 7:27:09 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Noob1999

They could always start selling buggy-whips packaged in bright yellow boxes. Sad to see but utterly inevitable. Digital consumer cameras weren’t their only downfall. Motion picture film sales have also dried up. Think about it...a two hour feature is about 12,000’ of film, multiplied by, what, 20 auditoria in a multiplex, multiplied by how many auditoria nationwide? That’s a lot of film. Now there’s a massive migration to digital projection and that’s pretty well the end of Big Yellow. (For the record, I’m a former projectionist). The remaining need for consumer and pro-sumer film is filled nicely by Fuji products (ever shot Velvia? stunning!).


22 posted on 01/08/2012 7:27:50 PM PST by NJRadioGuy (Which part of "shall not be infringed" confuses you?)
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To: Hojczyk

A classic victim of “Innovators Dilemma”, same reason your hard drive no longer says “Shugart” on it. This happens when incumbents in an industry become so focused on current generation technologies that they fail to see the potential of a new disruptive technology that can ultimately render their company obsolete.


23 posted on 01/08/2012 7:39:34 PM PST by bigbob
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To: achilles2000
There are things not popularly known. I couldn't get DSL for years and years and then I could get fiber right at my door.

It's part of a rather stupendous system installed in this area.

We even have manhole covers that are WELDED, and when opened, there are armed fire teams surrounding the area.

I don't think most of this is hooked up to civilian concoctions.

24 posted on 01/08/2012 7:42:14 PM PST by muawiyah
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To: muawiyah

Check the up and down rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system you are getting an absolute steal at $60.


25 posted on 01/08/2012 7:49:50 PM PST by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: muawiyah

Check the up and down rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system you are getting an absolute steal at $60.


26 posted on 01/08/2012 7:51:42 PM PST by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Brilliant

The story going around their former units (ITT and Carestream), is that Kodak is going into court tomorrow 1-9-2012 to file Chapter 11.


27 posted on 01/08/2012 7:51:51 PM PST by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
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To: muawiyah

Check the upload and download rates. Nobody does ethernet at less than 30 megs and the upload and download rates, as I mentioned, must be the same. If this is some sort of government system and it it a true ethernet all fiber system, you are getting an absolute steal at $60.


28 posted on 01/08/2012 7:52:37 PM PST by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: ctdonath2

No I’m not paying anything. I just don’t watch - though I would like to pick up the sports or hobby shows once in a while, I just don’t pay for anything besides the internet connection and digital phone.

My question was more along the lines of where do you find the material that you are watching without additional fees.


29 posted on 01/08/2012 7:59:37 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: muawiyah

Forgot you could get a tuner for the computer - that might be something to do just for a few sports now and then, but I do DSL for my internet and I was more curious on where to find additional content.


30 posted on 01/08/2012 8:01:41 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: bigbob

Great example, Shugart. We must be nearly approaching getting close to old...


31 posted on 01/08/2012 8:49:44 PM PST by Jay Santos CP ("Idiocracy"... It's no longer just a movie.)
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To: Ouderkirk

.......................The story going around their former units (ITT and Carestream.....................

Huh??? ITT never had anything to do with Kodak!

I was an executive with ITT for 20 years, and we had lots and lots of properties: Avis, Scott grassseed, Hartford Insurance, Rayonier, Levitt builders, Sheraton hotels, the US Dew line; Grinnell, Flygt, and a few hundred other companies around the world, but never Kodak!


32 posted on 01/08/2012 10:19:00 PM PST by Noob1999 (Loose Lips, Sink Ships)
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Kodak's fall has been predictable for 30 years. I knew a lot of Kodak employees, and heard stories that one does not hear about a company in good shape (requiring engineers to turn in cardboard backing in order to get a new pad of paper! So many people taking early retirement that Kodacolor manufacturing was fouled up!)and I warned people to get out of Kodak stock.

It isn't pretty when a company like this comes apart. 40 years ago the company offered social clubs for the employees involved in camping, horses, and all sorts of things. The ground truth is wrenching.
33 posted on 01/08/2012 10:57:30 PM PST by Nepeta
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To: reed13k
while I’ve already done the internet and phone combination and I’m aware of movies and some shows available for free I’m unaware of how to get broadcast shows and cable viewing without paying extra subscriptions - what am I missing?

You are missing nothing.

I have a TV, but it doesn't work anymore because I didn't buy a digital converter. All the video I watch these days comes through the glass pipe born on internet packets. The whole concept of TV and channels and what-not is obsolete! The sooner it dies, the better!

34 posted on 01/08/2012 11:08:00 PM PST by cynwoody
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To: Hojczyk

35 posted on 01/08/2012 11:17:48 PM PST by cynwoody
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To: cynwoody

Agreed its just harder to find something to watch when you just want to sit and rest for a few.


36 posted on 01/08/2012 11:27:13 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: muawiyah
My son sat down tonight and explained to me how we can get rid of broadcast TV, cable TV, telephone service and a variety of other things for $60 per month fiber optic internet connectivity.

Although I agree with your son's assessment, that is not a state that is likely to exist much longer. I am amazed it has persisted as long as it has.

The problem, you see, is that every one of the services you listed is taxed to the gills, although most people are blissfully ignorant of the extent those taxes, overt and hidden, affect their monthly bills.

The moron politicians and bureaucrats, for other agendas, have encouraged the universal web access to the professional idle, the generational welfare recipient. The manipulators have yet to figure out a way to tax ALL uses of the internet without creating an indefensible exponential increase in additional welfare diguised as taxes. Both the users and the taxpayers would rebel, no question.

But the first step has already been taken by the totalitarians, controlling the "internet switch" under the guise of homeland security.

37 posted on 01/08/2012 11:45:44 PM PST by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: Lazamataz

I did. Saved $72/month.


38 posted on 01/09/2012 3:41:46 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: ctdonath2
At the moment my favorite show is FRINGE. I appear to be over 100 shows in arrears ~ so, once a day, every day, one show, and I've got a lot of viewing. Plus I have the complete video set for Sopranos. The son's girlfriend just finished viewing it after having started working on it last Spring. She had her father watch it. We also have ROME and DEADWOOD (when a big video chain went under the son bought heavy into series).

The FOX NEWS site on the web is OK. Plus there's always WEATHER and FREE REPUBLIC.

None of what I mentioned above has to do with broadcast TV or cable TV. I can change my viewing habits, particularly as I spiral into a long range problem with vision. My computer can keep enlarging text ~ and when I get to using the LED projector to give me 12 foot by 8 ft words, it's going to be tedious to watch anything ~ and advertising will hold no appeal for me ~ well, maybe for Attends or something like that ~ but Charlie Sheen? Ain't no way.

BTW, the Sopranos is about two things ~ Sicilianos and Sociopaths ~ they converge in this delightful suburban setting ~ much like the one I grew up in where the guy next door is a wiseguy and there were bankrobbers (with convictions even), railroaders (always colorful people), and wild Indians.

I used that show as an instructional data set for the kids to 'splain MY HOOD as well as midgets. There've been a lot of them in my life and there were several in the Sopranos ~ with irregular parts, but still there. Plus, they had three midget shows on simultaneously ~ love the Roloffs and that doctor lady reminds me a lot of some inlaws. She's a nice person. Her husband is a saint.

39 posted on 01/09/2012 4:48:25 AM PST by muawiyah
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To: ctdonath2

Every single decision Obama makes is to harm America.


40 posted on 01/09/2012 5:59:21 AM PST by Lazamataz (Every single decision Obama makes is to harm America.)
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To: Hojczyk

Obama... here’s your chance to get the Government in the PRINTER and PHOTOGRAPHY BUSINESS.../s


41 posted on 01/09/2012 10:40:16 AM PST by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: Noob1999

ITT bought Kodak’s Geo-Spatial systems unit at Kodak Park West in 2005.


42 posted on 01/09/2012 1:06:45 PM PST by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
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To: Ouderkirk

Thanks - I didn’t know that ITT Defense bought a Kodak unit in 2005, after the conglomorate ITT sold off $$ billions of companies in the mid eighties, then spliting itself up into three independent units; which again split itself up into three new independent units in 2011.

My bad!


43 posted on 01/09/2012 3:50:16 PM PST by Noob1999 (Loose Lips, Sink Ships)
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