Quoting "three people with direct knowledge of the process," Bloomberg is today reporting that Eastman Kodak Co., once the bluest of blue-chip American companies, might file for bankruptcy to help clear the way for a firesale of its IP assets. Kodak denied the claim, but on the news Moody's slashed Kodak's bond ratings and Kodak stock fell again, by 98 cents, or 58%, to 71 cents a share today. Kodak has lost more than $30 billion in market value since its peak just fourteen years ago.
(Thanks to Jeff S.)
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Featured Comment by erlik [in Croatia —Ed.]: "You might as well told me they lost the Imperial Planet, too. Or all the tea in China. Thirty billion dollars is a completely meaningless sum that exists only as a number. By the way, it's also higher than the current Croatian national budget, too."