Dana Mattioli, reporting for the WSJ:
The decision to shutter the business, which Kodak says will save
it more than $100 million a year, is the strongest symbol yet of
the sea change in consumer electronics and decades of missteps
that forced the former blue-chip company to seek bankruptcy
protection last month.
A sad fate for a once-great company. But when not selling a product saves you $100 million a year, you know you were in the wrong business or doing business wrong.
★ Thursday, 9 February 2012