Re:Kodak’s Dubious Blockchain Gamble
by empath75 on Tuesday January 30, 2018 @05:51PM
(#16269832)
Kodak is a zombie.
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Re:Kodak’s Dubious Blockchain Gamble
by syntheticnature on Tuesday January 30, 2018 @06:42PM
(#16270154)
As someone who grew up in the shadow of what once was the "Big Yellow Box" I cannot emphasize this enough -- Kodak has very little still going for it and has shrunk greatly. At this point it's probably worth the gamble to them, as that's how dire things are.
To give a few numbers...
At their peak in 1988 they employed 188,000 people, with over 60,000 of those in the Rochester, NY area.
Today they employ fewer than 6,000, with only about 1300 in Rochester.
6,000.. Wow! I seriously assumed just a couple of administrators
Kodak is just a brand that they essentially lease out. The various CEO's all shed any businesses that resembled something profitable in attempts to, well I don't know, help shareholders.
Another imaging company where Kodak has its HQ is going through a similar but slower downturn. You could say they are ... copying them (sorry). I think when a lot of the baby boomers finally retire from the workforce, office printing will drop off a cliff as far as usage goes.