So sad. Kodak files for bankruptcy. A fate that has been looming for quite some time.
But GM pulled out of bankruptcy. Let's have faith that Kodak will do the same.
Kodak has filed for bankruptcy in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business as digital cameras have taken over the market. Eastman Kodak Co, the photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950m, 18-month credit facility from Citigroup to keep it going.
Our teen years, especially during the summer, were spent taking pictures with our Kodak Tele-Instamatic 608 (the one above). If we took one picture, we took a 1000 pictures.
After filling up several 110 cartridges with images, we would stuff them in a Clark photo processing envelope, with a ton of stamps to cover postage and mail it off.
We waited each day anxiously for the postmaster to see if our developed film was in that day's batch of mail.
It was a great day when our pictures did arrive. Ohhhhing and Ahhhing over images. Forgetting we took "that" picture; our finger in "this" picture. And hoping, the picture we really wanted to turn out well, did.