Friday, January 20, 2012

Photo Giant Files For Bankruptcy

Household name Kodak filed for Chapter 11 yesterday to try to get a fair deal selling its patent portfolio. Although the 131-year company was home to many inventions -- including the digital camera 37 years ago -- it was unable to translate these breakthroughs into a bigger and sustainable bottom line. Here we've been growing sugar for nearly 400 years and some seem to want to grow it for another 800 years. Good luck!

RIM too had a bad year in 2011 with its share price plummeting more than 80%. It is now trading close to its replacement cost -- how much money you would need to rebuild it from scratch. It seems that the Playbook has not been able to compete with the iPad and the Galaxy.

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