Kodak Is on the Verge of Being Worth Zero Dollars

[Sledgstone 8,672]

http://gizmodo.com/5845533/kodak-is-on-the-verge-of-being-worth-zero-dollars

Have you taken a look at Kodak's stock today? Get a good look while you can, because it's shitting the bed worse than a disemboweled E. coli patient-already down 60%, to less than a dollar. This is how it ends.

We've known the company's in dire financial shape, but this looks like the beginning of the crew abandoning ship. You can't even order off the Dollar Menu with a share of Eastman Kodak. At a certain point that I doubt is too far off, there's not going to be any value left. Their lawyers might soon be charging up their camera phones for bankruptcy court.

Wow... Kodak was huge back in the day. I'm really surprised to see them go under after all this time. I think Kodak's main flaw was not getting into the digital camera market fast enough.. and instead of implementing SD cards right off the bat, they implemented 1.44 floppys into their first line of digital cameras..

http://www.mir.com.my/rb/photography/companies/Kodak/index.htm

Just a couple mistakes and they were never able to catch back up to the market.. The thing that aggrivates me tho, is that I was about to buy one of their printers until I saw this article. The low cost ink was inspiring me to get one of their printers, but if their company is shitting the brick then I don't see how they'll be able to support their products in the future unless another company buys them out like HP did with compaq.