ADDIO KODAK

1. This is truly sad news. We were sort of in a state of denial when Kodak announced that it was going out of business. This brings it home and makes it real.

1. Kodak has announced it will sell its Personalized Imaging and Document Imaging business units, to focus on 'commercial, packaging and functional printing solutions and enterprise services,' ending Kodak's role as a consumer-facing photographic company. The Personalized Imaging business includes print kiosks and consumer film, while the Document Imaging business includes scanners and commercial document management. In the meantime, the company stresses that products and support will be available and both businesses will be sold as going concerns.

Meanwhile the Wall Street Journal has reported that many of the world's biggest technology companies, including Samsung, Apple and Google, have formed a consortium to bid for Kodak's digital imaging patents. Kodak was hoping the sale of its patents would raise over $2.2bn which would help the remains of the company emerge from Chapter 11 bankruptcy protection. The newspaper reports that the consortium is looking to pay as little as $500m for the patents which cover Kodak's many fundamental inventions in the digital field.
Kodak will continue to make film for the movie industry, along with its 'Specialist Film' division, which makes large-format films for aerial and industrial photography. It will also continue to run its Consumer Inkjet division as one of its last public-facing businesses.

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