More gloomy news from Kodak: the company just announced that it will stop selling consumer inkjet printers
in 2013 and instead focus its efforts on commercial printing products.
This decision hardly comes as a surprise: Kodak filed for Chapter 11 bankruptcy earlier this year and attempted to auction
off a stockpile of patents valued at up to $2.6 billion. The company
stated on Friday that it expects to take a $90 million hit due to its
floundering inkjet business. Kodak's garage sale attracted interest from
unlikely alliances in the form of Apple and Microsoft versus Google and Samsung,
but reportedly only reeled in disappointing offers under the $500
million mark. Hoping to rebound next year as a "lean," mean, successful
machine, we'll just have to wait and see what
develops for this fallen photography frontrunner
Source
Kodak
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