Via Steve Outing
Eastman Kodak announced it was going to stop selling film based cameras. While this hardly affects me and my work, I am a tad bit worried that the company's next move will mean cutting back on their film products for professionals. That would be disastrous. Call me old-school, but I still shoot film. Sigh!
“The move comes amid Kodak's controversial plan to focus on high-growth digital products, such as medical imaging systems, and reduce dependence on its declining film business.”
From the financial aspect of things, Kodak is trying its best to stave off the accountants who have seen red for far too long. Just as soon as the announcement was made, Kodak's shares were up by 1.33%. That should keep both the accountants and the shareholders somewhat happy.
“Kodak said that it plans to continue making reloadable cameras that use 35-millimeter film in emerging markets, such as China, India, Eastern Europe and Latin America and that it will introduce six new cameras in those markets this year.”