Kodak plans 3Q bankruptcy emergence

May 01, 2013

Eastman Kodak says it expects to emerge from bankruptcy protection between July and September.

Many of the storied businesses associated with the Kodak name will be gone. It will no longer make cameras, home computer printers, or digital picture frames. It will mostly be out of the consumer film business, providing only supplies and services to the new owners of that business.

The reorganization plan filed late Tuesday says the new Kodak will focus on commercial imaging and printing. It says it should be able to make money by supplying the electronics, chemicals, and printing surfaces used for commercial and graphics customers. It also plans to provide professional services to commercial and digital printing markets.

Old shares of . will be canceled, which is typical in bankruptcy cases.

Explore further: Alibaba surges in Wall Street debut (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Kodak to sell imaging units, focus on printing

Aug 23, 2012

(AP)—Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services as it works to emerge from bankruptcy protection.

Eastman Kodak loss widens in 2Q

Aug 03, 2012

(AP) — Eastman Kodak Co. said Friday its second-quarter net loss widened as it cut costs while reorganizing under bankruptcy protection.

Eastman Kodak 1Q loss widens

Apr 27, 2012

(AP) -- Eastman Kodak Co. said Friday that its first-quarter loss widened on hefty charges related to its reorganization under bankruptcy protection and a drop in sales.

Kodak to cut more jobs in bankruptcy plan

Sep 10, 2012

US photography pioneer Eastman Kodak said Monday it would cut 1,000 more jobs by the end of this year as it restructures in an effort to emerge from bankruptcy protection.

Kodak gets 2013 deadline to reorganize

Jan 20, 2012

(AP) -- Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a trove of digital-imaging patents.

Recommended for you

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0