According to The Guarding a federal judge has approved Kodak’s plan to emerge from bankruptcy protection. It seems interesting that company once so notorious in film and photo printing business has hit the bottom so harsh – but I suppose this is the price to pay for everyone who’s core competencies loses value in today’s world of business and who is over confidential to change.
It seems that Kodak has found his competencies in commercial and packaging printing. It will be interesting to see how company will grow and will it remain with the culture and will be able to come up with strategy in Today’s market that will allow to become a cash cow for shareholders.
It is worth to mention that only thing that remains from once notorious Kodak is the name as the new company will be completely new establishment without direct relation to ‘old’ Kodak.
More on the story at theguardian.com (http://www.theguardian.com/business/2013/aug/20/kodak-green-light-emerge-bankruptcy)