Good points. It is truly tragic what is likely to happen to the pensions of hard-working folks while those incompetents at the top will certainly make out like bandits. But I really do hope, as you said, that the film side of the business emerges as a new leaner, meaner self-contained, and profitable, entity. Unfortunately, we might lose a few stocks on the way though. Tim
Date: Thu, 19 Jan 2012 10:04:17 -0800 From: [email protected] To: [email protected] Subject: Re: [Frameworks] Kodak finally files for bankruptcy On Thu, Jan 19, 2012 at 4:19 AM, Robert Schaller <[email protected]> wrote: http://dealbook.nytimes.com/2012/01/19/eastman-kodak-files-for-bankruptcy/?hp Kodak restructuring is a good thing, as the current model is clearly not feasible. Bankruptcy court protection will allow Kodak to carve up the company and sell intellectual property, but also get out from under their debt obligation to employee pensions. Meanwhile, Perez and the executive team is stuffing money in their pockets. The motion picture division will likely continue in some shape or form, and would probably benefit from Eastman Chemical or a similar company coming in to manufacture and sell the product. MP product would be better off if separated from Perez's Kodak. Alain -- 40 FRAMES Alain LeTourneau Pam Minty 40 FRAMES 5232 North Williams Avenue Portland, Oregon 97217 USA +1 503 231 6548 www.40frames.org www.16mmdirectory.org www.emptyquarterfilm.org _______________________________________________ FrameWorks mailing list [email protected] https://mailman-mail5.webfaction.com/listinfo/frameworks
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