Posts tagged: Jones Day

What’s Happening with Kodak? (Part 2)

Jim Hamilton
 Nov 4, 2011

Kodak announced its third quarter 2011 financials yesterday and the picture is not a pretty one: sales down from Q3 2010 and a loss of $222 million. Kodak positioned the news as “Kodak Makes Steady Progress in Digital Transformation During Challenging Times.” The Wall Street Journal took a much dire view, saying “Eastman Kodak Co. warned Thursday that it will have trouble staying in business if it can’t squeeze more money out of its patent portfolio or raise new funds by selling debt.”

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What’s Happening with Kodak?

Jim Hamilton
 Oct 7, 2011

Three recent developments have raised questions about Kodak’s financial status. These are the announcement that Kodak plans on selling some intellectual property, the news of the hiring of the Jones Day law firm, and Kodak’s move to take advantage of its revolving loan. I spoke this week with Kodak President and Chief Operating Officer Phil Faraci to get some clarification. What I learned should help ease concerns about Kodak’s status. Read more »

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