texan
Well-Known Member
(AP) ROCHESTER, New York — Photography icon Eastman Kodak has filed for Chapter 11 bankruptcy
protection, as it seeks to boost its cash position and stay in business.
The move comes as the ailing company has failed to find a buyer for its trove of 1,100 digital
imaging patents. Kodak said in November that it could run out of cash in a year if it didn't sell the patents, for which it
hoped to fetch billions.
Kodak files for Ch. 11 bankruptcy protection - CBS News
protection, as it seeks to boost its cash position and stay in business.
The move comes as the ailing company has failed to find a buyer for its trove of 1,100 digital
imaging patents. Kodak said in November that it could run out of cash in a year if it didn't sell the patents, for which it
hoped to fetch billions.
Kodak files for Ch. 11 bankruptcy protection - CBS News