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Kodak back in the Media again:
Eastman Kodak has warned it must raise new funds to survive the next year. The 131-year old photography firm said it may raise the cash through patent sales or by taking on additional debt. The US firm revealed that its cash balance at the end of September totalled $862m (£537m) after it ran up a $222m operating loss over the preceding three months. Experts said Kodak took too long to move from its traditional film business into digital cameras.
The firm does stress that its...Read more here--> BBC News - Kodak may face cash crisis if patent sales fail
Eastman Kodak has warned it must raise new funds to survive the next year. The 131-year old photography firm said it may raise the cash through patent sales or by taking on additional debt. The US firm revealed that its cash balance at the end of September totalled $862m (£537m) after it ran up a $222m operating loss over the preceding three months. Experts said Kodak took too long to move from its traditional film business into digital cameras.
The firm does stress that its...Read more here--> BBC News - Kodak may face cash crisis if patent sales fail