Is this any great shock to anyone? It's just another quarter of bad numbers from a company that's had twenty or thirty years to fix things. Whatever... $2.2 billion in cash this time last year, now $1.3 billion in cash. Give it another year and they'll have $400 million in cash... then they have about another quarter to live before they're dead. Sorry I sound so down on Kodak but decades of living in this community and hearing year after year about their "restructuring" or "transition to a digital model" is more than tiring.
Kodak cuts pay, axes dividend as losses mount
Current Status: Blessed (1)
Seeded on Thu Apr 30, 2009 5:15 AM
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