Kodak to Stop Selling Digital Cameras

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