kodak

SlashGear Weekly Wrap-Up: April 28, 2012

SlashGear Weekly Wrap-Up: April 28, 2012

Happy Saturday, everyone. Let's hope you're having a great weekend, but if you want to catch up on the tech news you missed this week, you've come to the right place.  One of the biggest stories this week isn't that happy, and it's about Nintendo. It just posted its first annual loss. Apple also made its quarterly earnings call - Apple Q1 earnings top entire history. And we also have some sobering news for American ingenuity – Kodak continues downward spiral, posts $366 million loss.

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Kodak continues downward spiral, posts $366 million loss

Kodak continues downward spiral, posts $366 million loss

Kodak has posted yet another disappointing quarter despite its efforts to cut costs, sell patents, and jettison its unprofitable businesses. For the first quarter of 2012, ending March 31, Kodak reported a $366 million loss with total revenue at $965 million, which is down 27 percent from the same quarter last year.

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Shutterfly plunks down $23.8M for Kodak Gallery photo sharing platform

Shutterfly plunks down $23.8M for Kodak Gallery photo sharing platform

Kodak was once a photography giant in the days of film and photo processing. Today, the majority of the world has moved beyond film to digital photographs rendering much of Kodak's offerings obsolete. Kodak has filed bankruptcy and is selling off assets to pay creditors. Shutterfly has stepped up and is plunking down $23.8 million to buy Kodak's online photo sharing platform called Kodak Gallery.

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Kodak axes digital camera business

Kodak axes digital camera business

Bankrupt Kodak has decided to ditch its digital imaging business in an attempt to stay afloat, ceasing production and sales of digital cameras, pocket video cameras and digital picture frames in the first half of 2012. Described as a way to "drive sustainable profitability" the decision will see Kodak instead focus on pushing its existing brand licensing program, as well as online and retail-based photo printing and desktop inkjet printers.

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Bankrupt Kodak to remove name from iconic LA theater

Bankrupt Kodak to remove name from iconic LA theater

For years, if you tuned in to watch the Academy Awards at some point you would hear the phrase "from the Kodak Theatre." Now, the once dominant film behemoth says it's no longer worth paying $75 million a year to put its name on the door. That's probably a smart move considering the company has filed for Chapter 11 bankruptcy.

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Kodak files for bankruptcy

Kodak files for bankruptcy

Kodak has filed for Chapter 11 Bankruptcy, with the struggling camera company expecting it to be 2013 before it gets back on its feet again. The latest step as Kodak attempts to shift away from traditional film-based photography and get up to speed in the digital world, the company's announcement suggests 75-percent of revenues in 2011 actually came from digital divisions.

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Kodak sues Apple, HTC over digital imaging patents

Kodak sues Apple, HTC over digital imaging patents

Kodak has announced that it's suing Apple and HTC for infringing on four of its digital imaging patents. It also claims HTC to be infringing on a fifth image preview patent, which is already at the center of an ongoing case that Kodak has lodged against Apple and RIM. This latest suit was filed today with the US International Trade Commission and in a New York district court.

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