Tips & Tricks
Kodak Confirms it has no Plans to Cease Operations
Imaging Recource TipsEastman Kodak, the legendary photography company, has stated that the media reports about it “ceasing operations, going out of business, or filing for bankruptcy” are false.
The clarifying statement comes after its second-quarter earnings report, as covered by CNN, issued a "going concern" warning, admitting it may struggle to meet nearly $500 million in debt due within 12 months.
In the earnings report, the company also said that this situation “raises substantial doubt” about its ability to keep operating, and to free up funds, it plans to stop making payments into its retirement...
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