Kodak plummets 54% on bankruptcy rumors

Chris Dodkin

Chris Dodkin

West Coast Correspondent
NEW YORK (CNNMoney) -- Shares of Eastman Kodak dropped almost 60% Friday, with trading halted several times amid rumors that the camera maker has hired a law firm for advice on a major restructuring or bankruptcy filing. The company later denied that is planning bankruptcy moves.

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Kodak bankruptcy and restructuring rumors send stock falling - Sep. 30, 2011

Looks like the inability of Kodak to transform in the digital age, may be about to catch up with it... :(
 
Yep - they've tried to build a model out of pursuing IP rather than producing and selling product.

Sounds like a good idea - doesn't look like it's going well though...
 
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