The news that Kodak filed for bankruptcy on Thursday was not good. This is not a surprise, Kodak has been in deep trouble for many years. The attempts to reinvent itself has been woefully unsuccessful. Not only that, retirees have drained monetary resources from Kodak for years.
As anyone knows this is been a pretty solid reason that Kodak has not been able to turn the corner and introduce products that are in high demand. Kodak has introduced too many products that have failed to move the needle. One can speculate on why this happened but the reality is Kodak has to do a better job in defining the market And in going to market.