Kodak news now sits firmly in the category of "nostalgia." Kodak—which I heard described as "the bluest of American blue chips" once when I was young—is one of the spectacular American business-failure stories of the third millennium. To put you in context, I read recently that GoPro, the California-based maker of action videocams such as the Hero3+ (GoPro was founded in 2001, is listed on NASDAQ, and is currently trading at $52.51) is now valued at eight times greater than Kodak (founded 1888, New York Stock Exchange, $16.25).
[UPDATE: It's now 10X, according to RohithT. See Featured Comment below. —Ed.]
If you think that had to be inevitable, consider Fuji.
Anyway, two items. First, Building 53 at Kodak Park, historically used for acetate film base manufacturing, will be imploded next Saturday at 8:00 a.m. It follows the demolition of many other Kodak Park buildings that began in 2007.
Second, the American Society of Mechanical Engineers (ASME) has designated the Eastman Collection in Rochester as an Historic Mechanical Engineering Landmark.
From Eastman House: "The technology collection is one of the world's largest collections of photographic and cinematographic equipment. It contains nineteenth- and twentieth-century objects of photographic technology, including cameras, processing equipment, motion picture devices, and a broad range of early historical accessories. Many of the objects are unique, representing distinguished historical ownership and significant scientific achievement.
"This collection is the most comprehensive held by any institution in North America and equaled in overall quality by only three other major holdings worldwide."
(The website didn't say what the other three are. I'll try to find out.)
And if I may just venture a guess, I would say that after TOP relocates to its sprawling rural HQ in New Yawk a month from now, proximity to Eastman House is going to be a rich resource for TOP. (As will greater proximity to New York City.)
(Thanks to David Ralph and John Beal)
(I'll be about 10 minutes south of Penn Yan on the eastern side of that Y-shaped lake.)
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(To see all the comments, click on the "Comments" link below.)
Featured Comments from:
MarkR: "Funny—just returned from an outing there to read this! They currently have some very nice exhibits regarding garden photos—everything from autochromes to digital, and the main house and garden are looking as dapper as ever. The most interesting thing about the house is that after it was built, Eastman decided he didn't like the proportions. He was a huge music aficionado, and supposedly the acoustics weren't right. So he had the house cut in half, moved one side from the other, and had the interior rebuilt. The original hi-fi snob, I guess."
R. Edelman: "Although Kodak did develop imaging sensors at one time, it seems that that part of the company has been sold off. This is an irony, as sensors are the new film. Seeing how successful Sony has been lately with its sensor division, and the growth potential with imaging sensors being used in increasingly more applications, one wonders how Kodak would have fared if its goal had been to become the imaging sensor leader."