Kodak moments are coming to an end

[liberal N proud]

The company that invented home photography has tossed in the towel on it.

Eastman Kodak, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.

The move marks the end of an era for Kodak, which is seen as one of the biggest corporate casualties of the digital age, after it failed to quickly embrace modern technologies such as digital photography, a product that it also invented.

Kodak filed for bankruptcy protection last month. It said Thursday that its plan to stop making cameras and frames would mean “significant” job losses at the business, which employs 400 people, mostly in Rochester, N.Y.

http://bottomline.msnbc.msn.com/_news/2012/02/09/10362558-kodak-moments-are-coming-to-an-end

Sad to see this happen!

[lumberjack_jeff]

1. This is the case study of the failure of modern capitalism.

Each quarter, a CEO was faced with the decision of investing money into new technology, or to continue to milk as much profit as possible out of the old one.

Each quarter, viewed in isolation, they made the right decision. That quarter's profits were greater than they would have been if they'd made the opposite decision.

Until they went broke. But the CEO's pay was tied to each quarter's profit, so he's gonna be okay.

[WCGreen]

7. Exactly.

And this would have been driven to stop something like Bain coming into to execute a viable company for cash outs.

[dionysus]

8. as someone from here, goes a bit deeper. they had digital camera tech and say on it when film was

still king. by the time they started ramping it up, they ere behind. their digital cameras were nice too. you should see their film plant here, i'd say it's at least a mile long....

[Odin2005]

10. And the over-financialization of the economy.

Much of the stock trading volume is by investment banks who buy a stock for a short amount of time.

[NewImproved Deal]

2. Instamatic Blues

A great American company...popularizer of technology for over a century. I'll miss 'em.

[FredStembottom]

3. What Kodak was doing next....

...was always a source of excitement back in the day!

My brother and I always had a real geeky interest in film. Not films; film.

Someday I may even finally understand subtractive color mixing on transparencies!

[FredStembottom]

11. What I don't get...

...is trying to picture which portions of a scene on a transparency would get the magic "minus" minus ink.
And why are 2 of colors complex colors but yellow is primary - seems yellow is used to get green which leads to the other thing I never understood - why is green used in color TV's and all as the 3rd primary light color rather than yellow?

(I'm hopeless, see?)

[FredStembottom]

13. Thanks so much, Tesha!

Making progress.

[WhoIsNumberNone]

4. We're going to be seeing a lot of this in the coming years

And Republiclowns will blame it on the lack of upper class tax cuts

[dionysus]

9. which is stupid, because i live here and its mostly the film plant. the film division was getting

its ass kicked by fuji and the only division making money was digital