(Reuters) – Eastman Kodak Co warned on Thursday that it must raise $500 million in new debt or complete a multibillion dollar patent sale to survive the next 12 months.
“The photography company also posted dismal third-quarter results, with cash holdings down 10 percent from the second quarter, and it projected deeper losses this year as new printers and digital cameras failed to gain traction…”
Ph.: Reuters/Danny Moloshok
Read more HERE!
Related articles
- Kodak shares fall on bankruptcy filing report (telegraph.co.uk)
- What Happens When Kodak Surrenders (247wallst.com)
- Kodak shares tumble on Chapter 11 report (cbc.ca)
- Kodak to stop making cameras, digital frames (ibnlive.in.com)
FS | imaging 