Kodak's plunge into the toilet of destitution

Discussion in 'Digital Cameras' started by RichA, May 3, 2013.

  1. RichA

    RichA Guest

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  2. RichA

    Peter Jason Guest

    At least they might have hedged their bets and got
    into digital in the 1990s. Still, they had a
    vast investment in film stock and processing.
     
    Peter Jason, May 4, 2013
    #2
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  3. RichA

    Guest Guest

    kodak got into digital well before the 1990s. they even invented it,
    back in the 1970s.

    in the early 1990s, kodak released a modified nikon slr with a digital
    back, followed later by modified canon slrs.

    <http://www.mir.com.my/rb/photography/companies/Kodak/DCS-2001993.jpg>

    what kodak did not realize is just how fast film would be killed off by
    digital.
     
    Guest, May 4, 2013
    #3
  4. Too bad it's the pensioners that will get screwed.
     
    Usenet Account, May 4, 2013
    #4
  5.  
    Chris Malcolm, May 4, 2013
    #5
  6. RichA

    Alfred Molon Guest

    Haven't the baby boomers already reached the retirement age a while ago?
    Besides with bank interest rates close to 0% where else can the money
    go?
     
    Alfred Molon, May 4, 2013
    #6
  7. RichA

    Martin Brown Guest

    You can bet your bottom dollar that the CEO and board that wrecked the
    company all have a copper bottomed luxury pension fund salted away. It
    is only the PEONs that get shafted by these creative accounting types.
    They were. Bayer worked for Kodak digital imaging. Their professional
    PhotoCD scanning service was second to none and very innovative.

    http://en.wikipedia.org/wiki/Bayer_sensor

    The Bayer mask patent dates from 1976 long before consumer digital
    imaging was even possible at any price. CCDs were still lab toys then.

    I had an original Kodak DC-120 camera ~1998 the first 1Mpixel device.
    They also did very high end professional camera backs for a while too.
    But to protect the film business they messed up the digital division!

    They completely failed to spot that digicams would become consumer items
    and the classic wet halide chemistry film was ultimately doomed.
    Polaroid suffered a similar fate - unable to see that digital was
    capable of wiping them out with its instant feedback.

    Even the P&S market failed to spot that newer smart mobile phones would
    incorporate digital cameras good enough for most consumers!
     
    Martin Brown, May 4, 2013
    #7
  8. No, no. 80% of that crowd is still in activity.
    That is not the question. With the current cheap money, the massive
    withdrawal form the stock markets is only delayed.
    The question is NOT where to go with the excess money, but what will
    happen, when the money gets short?
    The real question is just simple as that: does a solution exist to keep
    stock value when the offer becomes bigger than the demand?
    That would be a breach of the most elementary economics rule...
     
    Laszlo Lebrun, May 4, 2013
    #8
  9. RichA

    Savageduck Guest

    Well this 1949 vintage one retired in February 2009.
    My pension and retirement benefits come from the coffers of CalPERS
    (California Public Employees Retirement System).
    < http://en.wikipedia.org/wiki/Calpers >
     
    Savageduck, May 4, 2013
    #9
  10. RichA

    PeterN Guest

    I guess a "massive withdrawal form [sic} the stock markets," fueled the
    Dow closing at over $15,000.
    Yes some money is cheap, but decent returns are available, if you know
    what you are doing.
    Your assumption that our economy won't recover, is flawed. Just look at
    the unemployment rate, which is one of th key indicators of the health
    of the economy.
     
    PeterN, May 4, 2013
    #10
  11. So you can't imagine CalPERS coming into trouble?
    It's just a matter of time. You will remember me.
     
    Laszlo Lebrun, May 4, 2013
    #11
  12. IMHO the overall economy plays no role, excepted if it would perform
    that well that, it could politically subsidiarize the failing pension funds.
    There is no cure for that: if the offer is bigger than the demand on the
    stock market, prices will fall. Pension funds will need their capital
    back to pay the babyboomers' pensions.
     
    Laszlo Lebrun, May 4, 2013
    #12
  13. RichA

    PeterN Guest

    Your statement says it all:
    Try Economics 101 for starters.
     
    PeterN, May 4, 2013
    #13
  14. RichA

    Savageduck Guest

    While a collapse of CalPERS might be in the realm of possibility, they
    weathered the last crisis quite well due to diversification.
    I must admit I got a bit concerned when their assets dropped to $160B
    at the peak of the crisis and their real estate investments took a big
    hit. However, as of February 28, 2013 they are back up to an asset
    value of $255B.

    Regardless of doomsayers I would rather have my eggs in the CalPERS
    basket than the future the Kodak retirees have to look forward to.
     
    Savageduck, May 4, 2013
    #14
  15. RichA

    PeterN Guest

    Investments yielding between 5 & 8.5% are available. A well run fund
    should be able to get even higher yields.
     
    PeterN, May 4, 2013
    #15
  16. RichA

    Alfred Molon Guest

    Oh well... not that many phone with optical zooms around.
     
    Alfred Molon, May 4, 2013
    #16
  17. RichA

    RichA Guest

     
    RichA, May 4, 2013
    #17
  18. RichA

    RichA Guest

    Kodak's reputation did them in. They produced cheap junk during their
    entire existence (as far as cameras went) so that when they started
    making DSLRs, it was only a matter of time before Canon and Nikon's
    own offerings wiped them out. Then, all they were left with was 60%
    of a growing less profitable by the day P&S market. That eroded too.
     
    RichA, May 4, 2013
    #18
  19. RichA

    PeterN Guest

    PeterN, May 5, 2013
    #19
  20. RichA

    Alfred Molon Guest

    Alfred Molon, May 5, 2013
    #20
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